big announcement happening on 24th june, although insiders have said wall street has lost faith and share price will crash over the next fortnight, will be selling up this morning and getting best price
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Source Yahoo finance 3M stock message board :
Markets go up or go down. But one thing is certain, 3M keeps dropping like a rock. How long until the board wakes up and fires Roman, Patolawala and their buddies?
The problem with many BOD's these days is that you have to subscribe to groupthink to be able to join. By groupthink, this means supporting the CEO and CFO always. Any BOD member who doesn't following the groupthink rules and opposes the CEO is not only frozen out of the BOD decisions but is not considered for BOD of other companies - this person is a rebel and will not be hired by anyone who wants to maintain the status quo. Only activist investors bring aboard a slate of BOD members who force changes. Activists are not always good (they can be very short-sighted) but at least won't let guys like Roman from staying employed for years beyond their expiration date.
Neither internal 3M employees nor external analysts and investors have any faith in top management.
Even when the broad market bounces back a bit, 3M stock hardly budges up. However on a market down day , 3M stock plunges significantly more than the market index.
Yet, we are stuck with the same people and their failed policies for what seems like forever.
What is the BOD thinking ? Will they ever take action ?
Probably the world record for layoffs is going to be beaten next week.
really worrying times, hope and pray we come through this with the company intact. It has been a bit part of my life.
It incredibly foolish for anyone to waste a cent on this company stock. The company is run by a bunch of has beens. The way the company was run was do pi-s poor and downright unsafe. Don’t wish on my worst enemy to work in that shithole.
Take my advice and invest somewhere else, there are plenty of new startups worthy of investment.
As if the veteran lawsuit was not enough, PFAS came back and this time from outside the country with possible criminal charges.
These past few years have been the toughest this company has ever seen. Bankruptcy has become a very real possibility.
Was a good 120 year run I guess.
https://www.bloomberg.com/graphics/2022-3m-pfas-toxic-forever-chemicals-europe/
Can you clarify what you mean by 5 layoffs?
Sounds like CEO going to announce more retrenchments. 5 major layoffs in his 5th year running..... What a feat!
share the leak what is it. Have put shares up as well