One would think a guy getting 10 to 20 million per year would have some guts and buy some shares at depressed prices if he really believed in his own company. Once the holders listing is updated, expect to see the big firms selling off what they had and hope the people who love dividends and are "impressed" by the higher yield aren't catching a falling kn--e. Thanks Mike and monish!
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If you get 17M pay,do the 17M paid job.
Down 5$ today ##$$$$$$$$$
Even if MR shows up tomorrow, all the questions are screened by SVP Henry (imagine we have an SVP moderating rehearsed questions, that's our current state!!!). We will get the same story. Unless people choose to be direct as they were in Vale's TH. You should see the questions he got. Short of saying it directly, he said the Operating Model has failed. Enterprise Ops has failed. I don't have the answers.
Recounting history about different leaders is so pointless. MR is a plain coward, a very rich one at that. I blame our pathetic Board who have no interest in anything but making sure that ppl at that level survive. They do not care about us. They never did. They never will.
If the Board selects Moni-Moni, be prepared that we are going into an accelerated tailspin. It is confirmed that he is not going to Healthcare. He may not take the role and activate his golden parachute instead. He doesn't need to work after the amount we are paying him. Beyond the Numbers with Moni-Moni.... what a joke!
Who cares where Mike is. Where's Hunter?
91$ quarter 4 earnings call
Where is pu--y Mike now ??? Return our shares !!!
Lewis Lehr would have never allowed the infection known as GE culture ruin his great company. It took a board of directors chasing after mighty Jim M when Desi retired to start the slow burn. Funny thing is that Mac left for Boeing just before the effects of his mismanagement and six sigma were being rotten fruit.
From Yahoo finance 3M stock message board :
I am looking forward to someone writing a mass-media story about how the beginning of the downfall of both 3M came after GE McNerney, and his GE disciples Sauer, Thulin, Roman got power.
And then they literally brought in another GE reject, with the most power of all Patolawala to finish the job.
I never thought it would happen, but GE / 80's MBA cost-optimization cult destroyed 3M the same way it destroyed GE, and other companies.
They crushed to ZERO a formerly great company.
3M is literally going bankrupt over loss of culture.
Thanks Milton Friedman and Jack Welch.
The MR silence is deafening amongst the flurry of activity over the last 10 days. Wonder if he will even show up for his CEO huddle tomorrow. I’d be shocked at this point, but maybe the maybe the BOD has something is in the works for him. Not sure who would want to step into his shoes right now.
He is a coward not ready to address anything internally or externally , get rid of the waste ! Always waiting to be told what to do.
Maybe Mike will have a cartoon made of him along the lines of where is Waldo. At least we could find Waldo after looking hard enough. Mike, not so much.