3M Company (NYSE:MMM) declined 35% year-to-date and clearly underperformed the S&P 500 (SPY). And not only did the stock underperform the broader market this year, 3M Company is constantly declining since 2018 (for almost 5 years now).
Factoid: Mike Roman was named CEO in 2018.
https://seekingalpha.com/article/4547860-3m-company-is-approaching-the-point-of-maximum-pessimism