Hey all. Per Fidelity, today is the date that RSUs are supposed to vest. They show up as non-vested, and per live chat with Fidelity, they are waiting for 3M to process the shares. I do not recall this happening before, but my memory may be faulty... — read more
High-level European politicians contaminated by PFAS
'No one is immune': High-level European politicians polluted by PFAS Wednesday, 31 January 2024 Brussels Times By Lauren Walker Blood tests carried out among several key European politicians and MPs have highlighted the extent to which the... — read more
Former CEO Jim McNerney fostered cost-cutting cultures at Boeing and 3M, which had long legacies.
Former CEO Jim McNerney fostered cost-cutting cultures at Boeing and 3M, which had long legacies. By Liz Fedor January 30, 2024 While it’s been almost 19 years since McNerney was CEO of Maplewood-based 3M, his imprint on the corporation surfaced in... — read more
I'm done
This isn't the same company I went to work for nearly ten years ago. Over the past several years, most of the choices the leadership made for where our business is headed or the rules they've set have just been plain bad. It's all frustrating and... — read more
Pension change class action lawsuit
Anybody heard of any lawyers pursuing 3M for age discrimination for eliminating the pension? Portfolio 1 should all be over 40 and be in protected class.
“We don't need to win back employees. We need to win forward employees.
Wow! Kinda tone deaf brother. Maybe MR needs to get out on the floor and get a real feel on us peons that make things happen. Maybe he would then see the that the ones who actually cared and were knowledgeable don’t give a sh&t anymore. I have never... — read more
POINTS THAT SHOULD HAVE BEEN COVERED IN TODAY’S MEETING
• 3M recently reported earnings, leading to a 12% stock decline. We’re surprised the stock is not in the mid 80’s. • Ongoing litigation, no it’s not even close to complete. • We have faced challenges for the past six years without showing a... — read more
Earned the right? What a terrible line!
One line after another of distasteful comments. Leaner and stronger?? What? Earned the right? No MR. No way!
CEO HUDDLE
Congratulations for combat arms settlement and meeting the deadlines!! Good progress.
3M microcosm
The fact that m and m can make tens of millions while literally bankrupting this company is a perfect example of whats wrong with capitalism in this country.
Many states did not take the $10 billion deal. Connecticut is one of those states. And here we go.
Conneticut targets 3M, DuPont and others over PFAS pollution in water HOW WILL 3M PAY FOR THIS 🤔? Connecticut filed two lawsuits Thursday accusing chemical makers of covering up for decades the dangers of PFAS, a class of toxic and ubiquitous... — read more
Pension
I'm wondering how all the plants that are still union will be affected by this ,or if they will at all? I read that there are still over 30000 members left in the union pension plan.
Does anyone think 3M is still engaging in cornyism and nepotism when it comes to promotions or hiring?
I used to hear 3M only hired and promoted 3M families or people that all were related worked in the same departments and it was terrible back then. Do you think this goes on?
Kindeva
Meanwhile, Kindeva seem to be doing well, making acquisitions etc. makes you wonder….
What Would xx Say About Roman's Performance
Fill in the blank from historical leaders of 3M: How would they stand up to the crisis we're currently in. o Inge T o Sir George B o McNearny o Desi o McKnight
PFAS in rainwater: What it means for health
PFAS in rainwater: What it means for health *For many years, per- and polyfluoroalkyl substances (PFAS) — or “forever chemicals” — entered the natural environment, contaminating soil and water sources. *New research from Stockholm University found... — read more
3M CEO on earnings: "We expect a successful 2024"
Hmm . . . can you define "successful"?
Latest Vision
MAKE WHAT IS INDISPENSABLE TO EMPOWER MODERN LIFE, ADVANCE HUMAN PROGRESS, AND DELIVER A BRIGHTER FUTURE THROUGH 3M SCIENCE. does the word "indispensable" sounds so PFAS??
Would you recommend 3M as an employer?
I am no longer at 3M but had this question posed to me and I had to be honest. So asking this thread, would you recommend 3M to someone who is a job seeker?
CANNOT MAKE THIS UP $93.31
Just another day in paradise. Not too late to sell this burning dumpster. Poor performance, weakening culture, and ethics completely absent. Stock prices is dropping hard into the close - institutional investors getting out, they've seen enough. What... — read more
Modernize Legacy IT systems
Interesting Article: https://seekingalpha.com/article/4664580-3m-major-lawsuits-damaging-shareholder-value-smoking-everywhere Simplify global supply chain and modernize legacy IT systems. If I'm not wrong, we've been working on this since the dawn... — read more
EMD
Again, will the President of EMD apologize to us at the Town Hall for Huddle or his work on the Executive Committee? He has destroyed the culture at EMD implementing their/his disastrous initiatives. We are waiting.
GESPP
For those who are still on GESPP , what are the reasons that you are still contributing to the 3M pool? Just to get 15% discount? Be aware that stock can wipe off 10% just overnight. And GESPP is stuck to hold for 1 year.
Four words-Repeat after me.
Fire Mike Roman Immediately
Q4 results - The mask is fully off
So, I just listened to the earnings call... what a clusterfu-k. The lowlights: They set out the first public hint of the future bankruptcy, I quote from the transcript: "Absent the proceeds from the intended spin-off of the Health Care business... — read more
Stock drops to 97 today
What is happening
LIES OF OMISSION
Some truths were told today. There were many lies told; however, they were lies of omission which is hard to prove. Our company is a disaster. Clear that we have more layoffs coming. We have not hit bottom, not even close. It's just a job. Draw... — read more
2023 AIP
Where did the BGs and Corporate finish in terms of AIP?
Earnings Call Lessons
Monish, "Restructuring... This is how we work."
They all have to go
The worst CEO in company history, a completely incompetent executive committee, and an absent, negligent board. All they have done is destroy the wealth of thousands of families across the globe. Each division president has to be replaced!
New bold vision could not prevent stock from sinking
Looks like the vision is not enough to stop the slide
TIME TO COME CLEAN
3M Earnings Are Coming. Legal Woes Are Hurting the Stock. Investors will want updates about the company’s legal liabilities and the spinoff of its healthcare business when it reports fourth-quarter results. By Al Root Jan. 22, 2024 4:15 pm ET 3M... — read more
PREVIEW: 3M seen posting 4.7% Q4 revenue drop
PREVIEW: 3M seen posting 4.7% Q4 revenue drop Jan 22, 2024 ** Shares of 3M MMM.N gaining ~0.7%at $108.50on Mon ahead of qtrly report due before market open on Tues ** Wall Street sees industrial conglomerate reporting adj EPS of $2.31, a 1.3% yr/yr... — read more
Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?
The risks of a 3M dividend reduction are high This year marked the end of an era for Walgreens Boots Alliance (NASDAQ: WBA). The pharmacy and retail giant slashed its dividend by 48% to start this year, ending a streak of 47 straight years of... — read more
How Long
Have you ever asked yourself how long you would have gotten a 3 on your performance plans if you were the leader of a company that has lost more money on your watch than anyone else? That’s right, you would have been on a “plan” by March of the next... — read more
A BIGGER, BOLDER VISION
Roman unveils the latest company vision. anyone feels motivated by it? what has changed for the better?
Based on these metrics, it seems reasonable to say that the safety of 3M’s dividend is uncertain.
How Safe Is 3M Stock's 5.5% Dividend? Trey Thoelcke Published: January 12, 2024 A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear. Recognizing when a dividend is stable... — read more
Employees are the foundation of a company
It seems to me the fact 3M no longer enforces it’s Code of Conduct when the bad conduct involves senior leaders has created so much toxicity 3M cannot survive. We do not even need some of these senior leaders. As a peon if I yelled at a fellow 3Mer... — read more