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Ingersoll Rand

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Ingersoll Rand was founded in 1871 as the Ingersoll Rock Drill Company by Simon Ingersoll in New York. In 1905 Ingersoll-Sargeant Drill Company merged with the Rand Drill Company to form Ingersoll Rand. Bloomberg describes the company as "a diversified, global company that provides a diverse range of products and services for a wide range of industries. The Company's operations include consist of air conditioning systems and services, climate control technologies, industrial technologies and security technologies."[1]

Ingersoll Rand is a publicly traded organization. It reported $14.8 billion in total revenue in 2011.[2] It is headquartered in Dublin, Ireland and has been incorporated there since March, 2009. From 2002 to 2009, Ingersoll Rand was incorporated in the Cayman Islands to avoid paying approximately $40 million in taxes. The executive headquarters in the U.S. are located in Davidson, North Carolina.

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem."

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Board of Directors

As of February 2013: [3]

  • Ann C. Berzin, Former Chairman and Chief Executive Officer, Financial Guaranty Insurance Company
  • John Bruton, Former EU Commission Head of Delegation to the United States and Former Prime Minister of Ireland
  • Jared L. Cohon, President, Carnegie Mellon University
  • Gary D. Forsee, Retired Chairman, President and Chief Executive Officer, Sprint Nextel Corporation
  • Peter C. Godsoe, Retired Chairman and Chief Executive Officer, The Bank of Nova Scotia
  • Edward E. Hagenlocker, Retired Vice Chairman of Ford Motor Company and Retired Chairman, Visteon Automotive Systems
  • Constance Horner, Former Deputy Secretary, U.S. Department of Health and Human Services
  • Michael W. Lamach, Chairman, President and Chief Executive Officer of the Company
  • Theodore E. Martin, Retired President and Chief Executive Officer, Barnes Group Inc.
  • Nelson Peltz, Chief Executive Officer, Trian Fund Management, L.P.
  • John P. Surma, Chairman and Chief Executive Officer, United States Steel
  • Richard J. Swift, Retired Chairman, President and Chief Executive Officer, Foster Wheeler Ltd.
  • Tony L. White, Retired Chairman, President and Chief Executive Officer, Applied Biosystems Inc.  


Executive Management

As of February 2013: [4]

Contact details

Global Headquarters
170/175 Lakeview Drive
Airside Business Park
Swords, Co. Dublin
Ireland

Phone: +353-1-8707400
Fax: +353-1-8707401

North America Headquarters
800-E Beaty Street
Davidson, NC 28036
Phone: (704) 655-4000

www.company.ingersollrand.com/Pages/default.aspx

Resources & Articles

Featured SourceWatch Articles on Fix the Debt

References

  1. "Ingersoll-Rand PLC Market Data", Bloomberg, accessed February 11, 2013
  2. "IR.N Revenue, 2011", Reuters Financial, accessed February 13, 2013
  3. Ingersoll Rand "Board of Directors", organizational website, accessed February 11, 2013
  4. Ingersoll Rand "Executive Leadership Team", organizational website, accessed February 11, 2013
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