Cover Story -- The Best Managers
DONALD V. FITES
Caterpillar CEO DONALD V. FITES is reaping the benefits of the huge restructuring he began after heavy losses in the early '90s. A global spending boom should help '97 profits grow 18%, to more than $1.5 billion, on expected sales of $17.5 billion. Now, long-stalled union talks are set to start. With 51% of revenues coming from overseas, the company is vulnerable to volatility in Asia. But Fites, 63, vows to hit $30 billion by 2010.