The board forced MR to retire, spun off Solventum and hired BB. The “old 3M” share price is now $140 and climbing. Both 3M and Solventum are gaining momentum going into the 2nd half of the year. Better days ahead!
4 replies (most recent on top)
I belive MR was 65 and reached the 3M required retirement age for CEOs.
@jef+1tVcEOgN -
I believe the OP was referring to "old 3M" as being one share of "new 3M" (after healthcare spin) plus 1/4 share of Solventum. Based on today's closing prices, that would be $124.17 + 0.25($60.59) = $139.32, which is relatively close to $140.
"Better days ahead"? Maybe for a while. But what happens when the PFAS/AFFF personal injury bellwether trials get underway next year? And the PFAS lawsuits by state attorneys general could drag on for many years. What is the total cost to defend and settle those?
These troll posts, designed to rile people up, are getting old. Is this site unmoderated?
Ummm… “old 3M” shares are around $125, not even close to $140. BB hire is yet to be tested to see is he’s the real deal. MR should have been forced out along with the colluding BOD years ago. As Chairman of the Board, MR still pulls a disproportionate salary as compared to the damage he’s done over the past five years.