A Time For Choosing

The board of directors have failed to provide strong oversight and strategic support for management’s efforts to create long-term value. Their overemphasis on short-term financial results and underemphasis on long-term value creation, has placed and is placing 3M Company in a perilous position. Lurching from one reorganization to another, one sale after another, one acquisition after another, one massive layoff after another, demonstrates a level of incompetence not seen since Ken Lay was the chief executive officer and chairman of Enron.

Moreover, their collective failure to remove Michael Roman from his position, jeopardizes the entire future of a once proud and stalwart American corporation. It is a disgrace to persist in the hiring of GE sycophants who add not one ounce of value to the firm. The rank and file employees who are the backbone of 3M Company, are desperate for new leadership. They seek honest assessments of the challenges we face, and not spin from flimflam lawyers whose experience is juvenile at best.

We are long past huddles and happy talk. The damage being done to those who remain is unprecedented and the board of directors must remove Michael Roman from his position as he is no longer capable of leading the women and men of 3M Company. His words ring hollow and it is time for him to go.

The board of directors must choose between loyalty to one man or the survival of the company they were selected to serve. It is a time for choosing.

Comment! It's anonymous!

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Taking that last comment into consideration, it is a real shame that those who are in positions to perform checks and balances on abuses of power and frankly wrong decisions, have absolutely no interest in righting the ship. A real disappointment.

“To sin by silence, when we should protest, makes cowards out of men.”
Ella Wheeler Wilcox

Know one thing for a FACT. The Board has been made aware of moni the one trick pony and his toxic leadership. Roma is impotent.
If nothing changes it’s because they (Board) made that conscious decision.
Please let your coworkers know that the concern is raised to that layer.
We all find ourselves in a very difficult situation.
This is the dark side of capitalism.
The C suite will not suffer. Svps and vps have cashed out!!! They are bought!
The rest dont matter (they never did)!

Six sigma is a bunch of garbage. Let the ss folks feel important and educated for now. In a few years these same “experts” will be forcing some other piece of garbage down the throats of foolish CEOs. It’s also funny to watch the “black and master black” belts run around like they are legitimate researchers. Even the green belts come out of their two day training like they are experts. they are all rats, bottom feeding on junk science called six sigma.

Six sigma black belt work on fake projects and imagined numbers, that's why there are no real growth and invitation since they were introduced to 3M. Unfortunately, it's a must have if you want to be a manager or supervisor.
No one wants to tell the truth because many managers are relying on it for a life

Get a grip, six sigma is smoke and mirrors for consultants who don’t want to to work for a living. Six Sigma is a stylized version of actual management decision making. REAL managers/leaders/administrators can make the five heartbeats decisions. What is this you ask, (indignantly you bloodsuckers), it is the reality that real M/L/A’s issue verbal orders to subordinates who have been developed to execute these orders, and they can do it in five heartbeats without the endless reports, research and committees of a six sigma system. Real M/L/A’s surround themselves with loyal, trustworthy subordinates who can make such decisions work. If you rely on a “committee crutch” like six sigma you are just incompetent…see Peter Principle, The. Real M/L/A’s need no hardcopy to hold up in defense of failure, you who espouse this ridiculous system of delayed action are, losers.

6 Sigma Black Belts often analyze the "do nothing" scenario.
80% of the time, a problem resolves itself by doing nothing.

“In any moment of decision, the best thing you can do is the right thing. The worst thing you can do is nothing.” Theodore Roosevelt

"Investors in 3M (NYSE:MMM) have unfortunately lost 40% over the last five years."

It's worse than that. Jan 26, 2018 high was $259.77. Closed today at $107.52 which is a decline of 58.6%.

Resurgent GE culture. Didn't this company learn from GE jimmy Mac. It was a disaster for culture and innovation.

Now it seems to have been resurrected with a vengeance. So bad and so sad. I can see why people left even without a package.

Life is more than 3M I can tell you as a retiree who saw this company at its best under people like Lewis Lehr.

I was on exec conf for about 10 years. Led a bunch of different divisions. Worked with monish for 6 months and retired 5 years before I wanted to to get away from this guy and the resurgent GE culture. Cost me a lot of money but would rather just be OK vs wealthy in retirement and have my dignity.

Not soon enough. smh

How long until Mike gets golden parachuted?

Investors in 3M (NYSE:MMM) have unfortunately lost 40% over the last five years

I doubt the c suite team and associates will become pariahs. Look what has happened to GE in the entire 21st century, yet companies are still hiring these losers like Monish. GE has been one of the worst run companies across the board, and yet it still has some kind of (fake) aura.

Monish, unfortunately, has the board spellbound and will get the plum job at health care company and hire another dozen GE bosses.

If I were running a company, having GE on your resume would lead to an automatic rejection letter, same day, postage due on delivery.

I agree - well articulated on so many levels!

I have been wondering (and, sorry if this sounds harsh) in the 1%-er circles, have C-level and/or executive mgmt members become pariahs, given 3M has been run into the ground on their watch?

So well articulated !!! Same sentiments of the whole organisation.

Thread regarding 3M layoffs

A Time For Choosing

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