Caterpillar has not commented on the issue since March 2017 when Corrie Scott, a Caterpillar representative, said in an emailed statement. "We will not offer comment on a report we haven't seen" (Oyedele, 2017). When NY Times reporter spoke with Caroline Nolan, a spokeswoman for PwC, said, “We don’t comment on client matters or pending investigations” (Drucker, 2017). CEO Jim Umpleby said the company has cooperated with investigators regarding offshore tax strategies, but that the government investigation may be looking elsewhere, too (Buedel, 2017). As you can see Caterpillar has done an exceptional job dismissing the question and have relatively no shareholder activity. In fact despite the 3% decrease in stock price back in March and
