A few choice comments from yahoo finance 3M board...when will the 3M BOD wake up and take some action??????
This company has been on a downward trend for sometime. The only news seems to be bad news. Constant job cuts, restructuring due to poor performance. They just can’t seem to get it right which leads to their leadership. Bad direction and foresight of their businesses as well as placing individuals at high level, decision making positions that have no idea what they are doing. I don’t know how the board can continue to support this type of management? It just doesn’t seem to be positive for this long time, rock solid company of the past.
IBM just did it by replacing the CEO - that is step 1. Step 2, both at MMM and IBM, should be cutting the hundreds if not thousands of the "middle managers" that s— a lot of money out and bring little, if anything, in.
This thing will continue to underperform in 2020. I have no idea why anyone would continue to buy it. After earnings it will be worse....