Deere is in the midst of its most profitable year ever. The farm and construction equipment manufacturer expects to rake in $5.7 to $5.9 billion in net income this year, far exceeding its previous high of $3.5 billion in 2013.
“When you factor in the pandemic, being deemed essential workers, and in our case, having a company turning a record profit, the CEO giving himself a 160 percent raise, and giving a 17 percent dividend raise, we kinda feel like we’re left to kick rocks,” said a UAW member at Iowa’s Davenport Works who asked for anonymity for fear of retaliation.