Thread regarding 3M layoffs

Under pressure, BoD is finally taking action on Roman

It soundds like the board is talking to some major customers and recently 'retired' executives independently to try to figure out what is going on re. Roman/Patolawla shareholder value and customer destroying gameplan and actions.

They have been doing 3M HR led 'opinion surveys' for awhile and reporting them to the board, and supposedly these have even deteriorated a lot especially among executives and sr. leaders.

Advance 3M and SAP were DEVASTATING to this company's operations and morale and both were led by these mo--ns.

Now we all need to hope the feedback the BOD will get from these new discussions are enlightening and drive a change.

FWIW Roman is not fighting them, many think think he is looking for an excuse to get fired and start enjoying the tens of millions he had made while destroying a once great company like 3M

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| 2301 views | | 5 replies (last February 8, 2023) | Reply
Post ID: @OP+1l2AApgI

5 replies (most recent on top)

Yall dont know the board, stop lying!!

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Post ID: @3igk+1l2AApgI

There have been recent BOD discussions so the wheels must be in motion.

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Post ID: @1hnv+1l2AApgI

SAP interim state was incompetence at best and a lie at worst. There has been nothing "interim" about it.

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Post ID: @lpj+1l2AApgI

I'm really surprised more in the investment world haven't been more vocal. Legal issues aside, it is inexcusable for Roman to make the kind of money he makes and underperform the S&P 500 as much as 3M has under his tenure.

I would love to know what the total amount spent on SAP has been. It has to be well over $2B right?

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Post ID: @oyl+1l2AApgI

Mike is a perfect example of where shareholders should be able to claw back ill paid gains. This robbery is something you'd expect to see in a Hollywood movie. Greed is not good.

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Post ID: @ils+1l2AApgI

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