Since MR took over:
S&P 500: +52%
MMM: -28%
How is that worth ~$15-20M/year?
9 replies (most recent on top)
Real leaders sometimes decide to take NO salary or options when their companies are in trouble.
GE is up because people like Monish, the recently departed Bich Le and many others have joined 3M. Addition by subtraction.
GE is up 57% the past year.
Why can’t we be on par?
I don't give two $hit$ if leadership wasnt here for previously problematic acquisitions. He owns it now. Stop making excuses. I inherited numerous problematic processes over the years and was expected to fix it for my 2% raise.
He wasn’t involved in Aaero or Dyneon, 2 highly problematic acquisitions
Those numbers are "exciting:". Leadership: are you winning?
Kinda sucks when the deployable blue collars are now playing your game snd handing your @ss back to you. doesn't it?
A few weeks ago, someone talked about the need for an activist investor to come in and shake up the leadership. Unfortunately, such an investor could be holding onto worthless stock in a few years if 3M ends up filing for bankruptcy protection given the earplugs and PFAS lawsuits.
This board basically only appoints people approved by the CEO, whether that was inge or Mikey mike. Only an activist forces the real change that would need to happen
Ps. I own zero 3M shares. Not worth the risk of ending up broke.
A big fat incompetent brotherhood that represents NEPOTISM at it's worst.
I think the sad reality is 3M’s board of directors is just as useless and incompetent as Mike Roman, Monish, Mike Vale, Ashish all 3M’s other useless senior executives. Or perhaps they simply don’t care. Either way, it’s not good for dear Mother Mining.