By Reuters
Deere CEO Samuel Allen. (AP/Deere)
Federal Reserve officials are correct to worry more about stimulating the U.S. economy than about inflationary price pressures bubbling in the fuel and food sectors, the chairman and chief executive of Deere & Co. said Tuesday.
In an interview, Samuel R. Allen said he worries about the strength of the U.S. recovery even though the farm equipment giant he leads is reaping the benefits of a global farming boom he expects to continue for years. Get the full story »
By Associated Press
A John Deere combine being worked on in Hampshire, Ill. Moline-based Deere hopes to expand its product line in Russia. (Photo by Scott Olson/Getty Images)
Moline, Ill.-based Deere & Co. will double the manufacturing space at a factory near Moscow and start its own leasing company in Russia, the world’s largest maker of agricultural equipment said Thursday.
The announcement was made as Deere Chairman and CEO Samuel Allen joined other CEOs and Vice President Joe Biden at an investment conference in Russia.
The investment at the Domodedovo factory will help the company expand its product line in Russia, adding new equipment such as log forwarders, which load and haul logs and are widely used in the Russian forestry industry, Deere said in a statement. Get the full story »
Jan. 14 at 3:15 p.m.
Filed under:
Chicago executives
By Dow Jones Newswires
Deere & Co. said Friday that Chairman and Chief Executive Samuel Allen’s compensation for the company’s 2010 fiscal year almost tripled from the previous year.
Allen’s base salary, incentive pay, executive perks and awards of stock and options totaled $12.29 million for the year ended Oct. 31, up from $4.27 million a year earlier, according to a regulatory filing with the Securities and Exchange Commission. Get the full story »
