CHICAGO The United States
needs an immigration policy that will help it stay globally
competitive, Caterpillar Inc. chairman and chief executive
officer Douglas R. Oberhelman said in a speech before the
Illinois Business Immigration Coalition in Chicago.
"I really dont care if an
engineer was born in Chicago or India or England. I want that
talent working for Caterpillar, not for our competitors," he
American-educated foreign students intern at the Peoria,
Ill.-based company, but the process is "tedious," Oberhelman
said, noting that some employees have waited eight years for a
"We trained these individuals,
and in return they are asked to kindly leave the United
States," he said. "To make it worse, they sometimes go to work
for our global competitors."
Increasing the number of H-1B, non-immigrant visas issued
annually would help Caterpillar hire foreign nationals who
receive advanced degrees in the United States, he said. The
number is currently capped "without regard to current market
demand," he noted.