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 to Kodak.”
(The sting of being let go is still fresh. But oddly I find this site comforting, only to know that to be left to clean up all of this mess as a 3Mer in that environment may be worse.)
Right MR went off the deep end on DEI thinking that would save the company image and preserve Dow listing. Wishful thinking …
My female VP told me that I should vote for her political party or else……
DEI is a joke at 3M. I worked for a bigoted, home phobic female manager that bullied her way to a Dir position. I was told I was the wrong color and s-x (straight, white, male) to ever be promoted while she was elevated herself on the backs of the people she regularly trouped. Character doesn’t matter, only “DEI.”
I agree with almost all of the points made here. Some may claim it’s being nostalgic or hanging on to the past. To me, we got to where we are today because of a combination of: (1) incompetent leadership; (2) lack of leadership; and (3) weak executive talent bench.
Too many managers, you should be surprised how many managers do they have and they take half of the total salaries
The 3m most of us heard about was really the legendary days from the 1990s back, when 3m was featured in leadership books about its 15 percent rule, innovation, 30 percent of sales from newer products, etc.
I don't place this 100 percent on GE mcnerney but he was the 1st guy singularly focused on the next quarter earnings and not the long game.
I don't see a single leadership skill from mike that anyone would write a book about unless it's to show what NOT to do, like telling us it's the business making the cuts.
Getting let go sucks, I've known too many people over the years that seemed to be in the wrong place, wrong time, under the wrong leader. It's rarely about actual performance but rather "hey someone has to go because my bosses said I have to fire 10 percent"
This company has truly disappointed thousands of employees, especially in its home state.
The 3M culture is becoming a joke:
It’s all about growth. If you can’t grow, then what’s left. When you are growing, most other problems can be managed and worked through. MR has not had the courage to do what it takes to get on a path to growth. Frankly, he may have never even known what was needed for growth. Instead, he’s obsessed with quarterly earnings results and PR optics that do virtually nothing to propel the company forward as a strong and healthy business. His 4+ years have been an unmitigated disaster. Like Buckley after McN, the next CEO will have to set up what’s left for growth and make some courageous decisions which may not be popular with shareholders and the street in the long-run.
Yeah I agree with @gqn+1iEUJ1cn ‘s reply here. After two years of virtue signaling as a way to “PR” their way out of 3M’s sins (PFAS, ear plugs), they’ve lost the plot.
DEI > talent + leadership