From yahoo finance message board :
As a stockholder, tired of hearing this company not meeting expectations. I don’t own much stock but have to imagine if I am tired of it, large investment companies that have significant dollars invested in the company have to be going crazy.
How long can their board stand by and watch this company underperform? Truthfully, if they are doing their job, they need to make a change with the management team of this company.
I do realize the former CEO simply s—ed everything he could get out of the company not leaving much for the current CEO to work with other than liabilities but guessing many of the board members were around for that as well so wonder if they are truly working in the best interest of the stockholders?
Maybe 3M and its management should spend a little less time organizing golf tournaments and more time understanding what customers want and need. Then they should structure their company appropriately rather than having a lot of high priced overhead that brings very little to the table in terms of customer value.
Again I say, Management (or lack there-of) is the problem. The Board of Directors should have canned the whole senior management team years ago. They continue to not have answers for the misses. and cannot give guidance for the future. Isnt that what they are supposed to do. How can I have confidence in this team when they dont have answers or information. If the BOD doesnt can these guys we shareholders should vote them (Board) out . Its the same id–ts doing the same thing and getting the same results.