Please do the honorable thing and step aside. Employees, shareholders, and stakeholders have all suffered for long enough under your leadership. You have to accept that your best efforts and best ideas are not working. Doubling down on failed ideas will not work. Please, for all our sakes, step aside and let someone else try to right the ship. You have made your money, put on your stamp, but now is the time to acknowledge that it is time for new leadership. Stop making this about you, and make it about the people you claim to care about.
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While only a rumor, heard Roman will be out by mid September. Early Christmas present?
Sad really. Seemed like a guy that cared.
Someone nailed it below… a bunch of big
talking non-producers. Couldn’t have said it better. Dreading trying to work with the bottom of the barrel. Add to that the copious amount of uneducated and unskilled low job grades that need everything laid out before they will do work.
Shame on Mike for driving this company into the ground. MN will stop supporting it. PFAS is just heating up. Other countries are coming around the US to show plant cities how to detect PFAS. More concentrations in new locations will be uncovered. That won’t end either but Neutrons job should.
Mr. Roman thanks (NOT) for taking a 12% pay cut to only 18 million a year! BS
Indeed the worst CEO in 3M history to destroy shareholder value. My 401k is greatly reduced and I have to work longer.
Maybe just a high visibility example of the Peter Principle at work, with some pretty brutal consequences.
"Mike Roman is a decent person and a good leader in the right circumstances."
The same is often said about Jimmy Carter.
His famous "Advance 3M" operating model is no more..... into the rubbish bin.
Failed strategy. Good case study to use for MBA student
Mike Roman is a decent person and a good leader in the right circumstances. But he greatly misunderstood that 3M had become a cesspool for self-promoting climbers whose greatest skill sets were dressing up their pigs in 100 slide PowerPoint presentations, always with a closing slide that said everything would be great. Sure…he could have by-passed his executive leadership and found out the truth…but who assumes their subordinates are all incompetent liars? But, unfortunately, by and large his are.
The worst ever CEO in the entire history of this company.
That is the right thing to do, but will M Roman ever do it, or for that matter any of the top dogs in charge here ??
Not a chance ! Show a single top management guy in 3M who has ever owned up and admitted failure in recent times. They are always correct. There is never any self introspection or self criticism in 3M.
So it is never going to happen. Status quo will continue unless the ship totally sinks ( it is probably 30 % underwater)
Unfortunately, no chance of this happening now. The announcements at the last earnings call probably bought him 18 months before he goes out on his own terms.