Let them become shareholders

3M Company (MMM) Morgan Stanley 10th Annual Laguna Conference (Transcript)

https://www.google.com/amp/s/www.military.com/daily-news/opinions/2022/09/13/combat-arms-earplug-manufacturer-3m-must-stop-mistreating-veterans.html/amp

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/3m-blocked-health-care-spinoff-211318259.html

Sep. 14, 2022 11:30 AM ET Summary Given 3M's rising legal risks, bloated balance sheet, and deteriorating outlook, we think investors should steer clear of the company. During 3M's second quarter earnings update, the firm cut its full-year... — read more 

To make outerside think nothing wrong with this company

Update???

The toxic culture at 3M has been growing over time. It’s particularly evident at QOR time and Strategic Planning time. Having spent most of my career working at the division level and BG level when those plans are put together I saw that leaders were... — read more 

https://www.twincities.com/2022/09/12/former-3m-vice-president-pleads-no-contest-to-amended-charges/ And the hits just keep on coming…

From news Kimberly-Clark Names 3M Exec to Lead Supply Chain Tamera Fenske previously served as 3M's senior vice president of manufacturing and supply chain.

I've heard about the layoffs in both external and internal news but have yet to see any layoff action. is 3M still in planning the layoffs or has action already been taken at sites?

For a long time now, 3M have been rewarding under-qualified and under performing managers. All of the UK manufacturing plants are run by the same people who just keep moving around, making mistakes then getting sidestepped to another role... — read more 

Interview scheduled this week and not feeling great after doing some research. Not sure if I’m over reacting but news of layoffs and litigation are some serious red flags. How is the culture?

https://www.axios.com/2022/09/12/3m-unit-bankruptcy-mass-tort-system

I no longer work at 3M, so have the opportunity to lump sum rollover the pension to an IRA. Given all the uncertainty of 3M, wondering if others have done this or what your thoughts are on the topic?

Things may be going differently than what everyone thought. The 4M legal team sucks

3M Company management are perpetuating falsehoods, distorting data, and are not providing any ethical or moral leadership. Falsus in uno, falsus in omnibus is a Latin phrase meaning "false in one thing, false in everything." At common law, it is... — read more 

Looks like waves in retirements is coming in Q4 while pension is still intact. I heard that the agencies handling 3M retirement accounts ( Empower and now Willis) are usually busy with huge volume of worried calls from 3Mers who are frantically... — read more 

Specialists buying , will be in distribution soon….

May close some plants

Long time master black belt here. Unfortunately, everything is not rainbows and unicorns 🦄 at this time. Of the 19 corporate officers listed on 3M web site, only 3 have been career long 3Mers. Another way to look at it is 85% of our leadership was... — read more 

Only made it worse

Everybody and their mother knows that laying off experienced employees will not solve any of the problems created by inadequate and self-serving management. This never worked for anybody and it will not work for 3M. This is like putting a band-aid on... — read more 

3M Insider Trading History Transaction Date Insider Name Title Buy/Sell Number of Shares Average Share Price Total Transaction Shares Held After Transaction Details 8/17/2022 Eric D Hammes EVP Sell 3,145 $147.31 $463,289.95 8,818 8/10/2022 John... — read more 

This company is working on some fancy stuff that market is not real. Heavyily invested on something uncertain. Legacy products do not have the support anymore.

I left in 2019 just after the BT “pause”. Is SAP up and running yet? Has value been realized? Or was that a hundreds of millions down the toilet.

Michael Roman Chairman of the Board, Chief Executive Officer Monish Patolawala Executive Vice President, Chief Financial and Transformation Officer Eric Hammes Executive Vice President, Chief Country Governance and Services Officer Mark... — read more 

Anyone knows if 3M is planning to remove the area Organization that was created due to Advance 3M operating model? Will they change to globally reporting structure, hence rendering the large job cuts of this group of “area reporters”?

Poster with seemingly lots of knowledge about inner workings at 3M and people, on Y**oo message board thinks there is a 70% change 3M goes bankrupt over next 3 years due to hearing litigation? Is that true? I have also heard by far most of these... — read more 

I work at a UK plant and over the last few years we have had our : Christmas Bonus totally stopped, it was approx £300 if you had no days off for year 10+ years Service Dinner for employees cancelled. two massive things for the ordinary worker deemed... — read more 

Do the math

3M disappoints shareholders. 3M disappoints it’s employees. 3M disappoints it’s legacy. I used to think 3M would always be strong and I’ve had patience through bumpy times. But I’m not convinced 3M can get over this. “Hi 3M! Let me introduce you... — read more 

I wonder when the Euro works council will approve the restructuring plan and the lay offs begin in Europe. 4000 to come out …

Meanwhile the workers are being layoff due to poor leadership decisions

Monish will make a great ceo. Happy times are here again!

Trying to imagine the thinking that went on in the room when leadership decided to send out that Employee Opinion Survey that landed in inboxes this week. Just days (and in some cases minutes) after the bloodbath. “Hi! Let’s pretend we care.” — read more 

September 8, 2022 Update: We have a date for the 3M earplug lawsuit mediation. The two-day settlement talks begin next Thursday on September 15, 2022 at the U.S. District Court in Pensacola, Florida.