The idea came from GE. GE’s announcement below. IF YOU WANT TO KNOW OUR FUTURE, LOOK AT GE’s PAST. Old GE Announcement: “GE will spin off its healthcare division, GE Healthcare, in early 2023 as part of a larger effort to separate the nearly 130... — read more 

Walgreens has lost half its share price in their under 3 year tenure. The Board just pushed her out.

Does anyone feels there is lack of direction still? I am working at factory level, but we don't know what's happening at the business side. It doesn't seem the latest ESC setup is any different from A3M.

Wondering if the president title is the indicator? We are all in for more years of moni ?

I have been with the Company over 30 years, gone as part of the recent restructuring . I was a loyal, proud 3Mer, but the way I have been treated is appalling. I can't wait to go. Mike Roman is awful, loads of yes people telling him how good he... — read more 

Just layed off in last weeks from CH 6 months fully paid garden leave then 12 Months salary as a lump sum Happy days thank you Mike

The culture has changed from one end of the spectrum to the other in 29 years. I wish all still there the best, great people but poor culture compared to 29 years ago. So I leave all still working this... — read more 

I just read 3M’s policy on a respectful workplace again. I truly think if 3M followed and enforced the Code of Conduct this company would not be as toxic, employees would be happier and, possibly, 3M would have a better chance of survival. The most... — read more 

Anyone know if this round of 8500 layoffs has completed yet? Seems like USAC is done but what about other countries and regions? Would be nice to know the status and not have to live in constant fear that you are next on the chopping block... at... — read more 

3M Lawsuit Investors Ordered to Be Unmasked Amid $6 Billion Deal - Bloomberg *3M to pay $6 billion to settle some 260,000 earplug lawsuits *Lawyers have 30 days to submit info on outside funding *A federal judge wants to know how much of a $6... — read more 

Much quieter these last couple weeks. N73M: Flew out to Springfield, MA today. N83M: Day trip to Knoxville, TN - Presumably Clinton plant visit Overnight to Providence, RI and returned. N93M: No flights since last flurry of activity. — read more 

Roman has been leading 3m for around 5 years. That includes the Covid pandemic where a shortage of N95 masks led to a global shortage. He also has had to navigate two major litigation cases while facing scrutiny from a top investor. With that said... — read more 

Companies are now "quiet cutting" workers. Here's what that means. Some companies are reassigning workers in a way that's sending them mixed messages. Emails informing employees that their current job role has been eliminated, but they have not been... — read more 

Experts around the world estimated this defective ear plug product was a $8 to 25 billion liability. Vets now cheated with settlement of about 30 cents on the dollar. After legal fees each vet gets only 11k for hearing loss. How did this happen... — read more 

Curious to know how much faith they have in us.

I've had more than enough of feeling like no matter how much effort I put in, it's never good enough for this place. I've finally realized it's not about the quality of my work but rather it's about favoritism from the managers. I can't change that... — read more 

$5.5B for earplugs and $12.5B for PFAS. SpinCo will give ParentCo about $7B in one time dividend/payment and the 19.9% ownership of SpinCo should be worth about $6B. That'll be about $5B short, and the smaller RemainCo won't have as much income to... — read more 

The ELT only cares about profits. They'll do whatever they can to achieve it, including making stupid decisions that will cost the company in the long run but will make them look good right now. The sad thing is, this is not 3M exclusive. Wherever... — read more 

See: https://www.wsj.com/articles/3m-earplugs-fight-stems-from-self-made-legal-battle-11658156756 So first you create this mess, then promise to settle for $1B, now it is $5.5b. How do you sleep at night?

https://www.yahoo.com/news/monkey-manufacturing-plant-3m-sued-170316366.html

3M Co. (NYSE:MMM) tentatively agreed to a more than $5.5 billion in a settlement to resolve over 300,000 lawsuits claiming the company sold the US military defective combat earplugs. Under the settlement, 3M is expected to pay out the money over 5... — read more 

https://www.fool.com/investing/2023/08/26/is-trouble-brewing-for-3m-investors/

August 24, 2023: We have not mentioned the possible 3M earplug settlement in a while, so here is our latest thoughts. The conventional wisdom is that these claims will settle sooner rather than later. We have had high hopes of a resolution before... — read more 

SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary Washington, D.C.--(Newsfile Corp. - August 25, 2023) - The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5... — read more 

I know expectations are low for AIP, but what’s the current payout estimate based on performance through Q2? I thought those numbers are updated quarterly and posted internally for everyone to see.

Please be sure to join the exciting ethics conference on sept 13 that was just sent out with people I can tell as ethical as Mike Vale!

Let's just say that Mike ran the GE playbook to name his up and coming successor. He didn't have any business leaders worthy, so he ran his finance guy versus his supply chain guy. Finance guy won out, setting up potential major clashes between... — read more 

The track record for former GE leaders is that they have trouble replicating the cook-the-books-1990s-Jack-Welsh "results" anywhere else in another place and another time. At BEST you will get moderately down results like Nardelli at Home Depot in... — read more 

Well folks, it is that time - the endgame has begun. To quote Nine Inch Nails: "We think we climb so high, All up the backs we've condemned, We face our consequence, This is the beginning of the end" Just purely from his resume, Bryan looks like a... — read more 

Today’s announcement…. You all are in for more trouble ahead.

Was close to 150 this time last year. Next stop 85

3M was a phenomenally successful company for more than 100 years. Our company grew consistently and increased dividends for 66 years. People hoped and wished to join the company - many applied and only a small percent were accepted. Sales... — read more 

With the severe slowdown especially in China demand, it looks like 3M will be having another round of job cuts. Any guess of the numbers to be announced in the next earning call - i.e. on top of the 2,500 + 6,000 announced this year??

They Are watching us. Terrible Company. Glad i left🫠

All the good employees, the ones who really mattered, left a long time ago. The ones who are still hanging around are just going through the motions (that's what I've been doing, waiting for retirement) or are basically unemployable anywhere else... — read more 

Stock under 100. No more dead cat bounces. Peter will get the Healthcare spin done and over with Pronto. Lavwrs will be a Saver of the new company (need to cut another 20 percent to make it bloom). And finally GESPP may have a prayer to get back in... — read more 

At this time, scientists are still learning about the health effects of exposures to mixtures of different PFAS. One way to learn about whether PFAS will harm people is to do studies on lab animals. Most animal studies have tested doses of PFAS... — read more 

Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more 

Haven't heard anything since May. Are Peter and Dom going to have Kearney do a 100 page analysis for possible marketing strategies? Maybe by then the two will have enough pocket change to buy it at fire sale prices.