Eaton Corporation

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

Campaign to Fix the Debt
Company Profile
Company Name Eaton Corporation
CEO Name Alexander Cutler
CEO Compensation $13,586,010
CEO Retirement Assets $21,055,632
Underfunded Company Pension -$1,235,000,000
Annual Company Revenue $16,049,000,000
Territorial Tax Break $2,240,000,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Eaton Corporation describes itself as "a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. The company is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety."[1] Eaton was founded in 1991 and is headquartered in Cleveland, Ohio.

In 2011, Eaton recorded revenues of $16,049,000,000.[2]

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." Eaton Corporation is part of the Campaign to Fix the Debt as of February 2013.

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.

Personnel

Board of Directors

As of January 2013:[3]

  • George S. Barrett -- Director since 2011
  • Todd M. Bluedorn -- Director since 2010
  • Christopher M. Connor -- Director since 2006
  • Michael J. Critelli -- Director since 1998
  • Alexander M. Cutler -- Director since 1993
  • Charles E. Golden -- Director since 2007
  • Linda A. Hill -- Director since 2012
  • Arthur E. Johnson -- Director since 2009
  • Ned C. Lautenbach -- Director since 1997
  • Deborah L. McCoy -- Director since 2000
  • Gregory R. Page -- Director since 2003
  • Gerald B. Smith -- Director since 2012

Executive Managment

As of January 2013:[4]

  • Alexander M. Cutler -- chairman and chief executive officer
  • Richard H. Fearon -- vice chairman and chief financial and planning officer
  • Craig Arnold -- vice chairman and chief operating officer – Industrial Sector
  • Thomas S. Gross -- vice chairman and chief operating officer – Electrical Sector

Contact details

Eaton Corporation
Eaton Center

1111 Superior Avenue

Cleveland, Ohio 44114-2584

phone: (216) 523-5000
website: www.eaton.com

Articles and resources

Featured SourceWatch Articles on Fix the Debt

References

  1. Eaton, "About Us", organization website, accessed January 21, 2013
  2. Eaton, "2011 Annual Report", organizational document, page 2.
  3. Eaton, "Board of Directors", organization website, accessed January 21, 2013
  4. Eaton, "Leadership", organization website, accessed January 21, 2013
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