Despite such poor stock performance, Roman still collected a handsome $14,000,000 pay cheque last year. Wonder that was his performance rating score?
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Employees who contribute to GESPP faithfully are watching in horror that their life savings have been reduced significantly. It really pains them to watch their stocks dropping from $258 down to $88 ( and still declining).
3M has never been good at getting rid of poor performers. This is the clearest example of a poor performer struggling as CEO. It is more puzzling to figure out why he bubbled up and made it to this level in the first place. Who could listen to that content free, pop business speak babble and be impressed? He must be an impressive butt kisser.
Don’t worry - Money Moni be fixing them issues! He be taking us to $50 share price once he becomes CEO! Trust the process! Supply chain is back baby!!
My honest guess is that both the board and C suite (to the extent they don’t overlap like Roman) is that they have a lot of money in short positions. Maybe I’m missing something but in my mind there is no other reason that these “executive decisions” that brought our stock to historic lows, has not resulted in the whole lot being in an unemployment line.
The Roman Empire is crumbling…
No, the Board of Directors will continue to remain mute. Board members are not required to have any financial skin in the game. If 3M goes TU, it will not impact them.
Performance during the Roman rule is a prime example why a CEO position and a Chairman of the Board position cannot be the same person. They need to separate.
The bunch of SVP, VP and Directors are still being paid big bucks. Where is the accountability?
It’s a shame that the top people continue to have jobs! Any person that failed that must in their job would have been booted a long time ago.
ParentCo share price could be worth just $50 by then
What will be left to retire from by then????
Roman is due to retire in 2024
Be patient
And their leader too.