Wegmans, Caterpillar Honored for Ethics

Companies led by the chairman and the immediate past chairman of the U.S. Chamber's board of directors were named two of the "World's Most Ethical Companies" by Ethisphere Magazine.

Wegmans Food Markets, Inc., and Caterpillar Inc. were recognized for their strong leadership in ethics and compliance, corporate citizenship, and sustainable business practices.

"This honor validates Wegmans' core belief that running an ethical business is the right thing to do," says Paul S. Speranza Jr., vice chairman, general counsel, and secretary of Wegmans. "If you truly and ethically take care of your employees and your customers, profit will take care of itself."

Says Gerald L. Shaheen, Caterpillar Inc. Group President, "We are honored to be included in such a prestigious ranking. It's gratifying to be recognized for our strong commitment to running a successful and principled business."

In assembling its 2007 rankings of the 90 most ethical companies worldwide, Ethisphere examined more than 5,000 companies across 30 industries. For the full rankings, go to www.uschamber.com/goto/ethisphere.