With the ruling against J&J, 3M will find itself in the same situation, and will be denied the ability to try to avoid paying the veterans. With weak profit outlook, bankruptcy failed, and healthcare spin in the ditch, who will be the fall guy? Monish? Rhodes? Seems the board won’t let anything stick to Teflon-Roman.
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Monish is going nowhere. I think the board has promised him the CEO position in the HC company if he guts more of 3M will GE style cost slashing. Mike is simply biding time until mandatory retirement age.
The scary part is vale may be the next CEO of 3M if he isn't named HC CEO.
As for the legal strategy, 3M tried a hail mary and got burned. They should have let aearo alone fight the lawsuits three years ago and claimed it was an LLC. Aearo could have entered chapter 11 two years ago and maybe 3M would have dodged the earplugs issue. But the pfas issue is only going to get uglier.
Your leadership is corrupt. The whole stinking lot of them should be fired. All the way down to Division leadership and managers. NO ETHICS. NO HUMANITY. NO ACCOUNTABILITY.