This site has turned into a nasty place for people who think they are smarter than Roman and others. Was useful when it was about layoffs and what people were experiencing. I find the nastiness on this site to be cruel and offensive. Between the SAP disaster, Business Transformation, Covid, PFAS, and the military lawsuit, show me anyone that can come out looking good in this context. Roman inherited a sh-t show and it only got worse. The amount of market share lost due to BT and SAP is the elephant in the room. No one wants to call that baby ugly.
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Stock price took another large dump today.
It’s personal. Our wealth has been decimated in one generation.
We won’t even get a chance to spend what little is left.
Einstein’s doomsday clock is closer to midnight than ever.
some of the consultants hired by wee pete are actually getting their best ideas from this site, actually the BoD have given the go away to award Everyday Points to the best ideas, please leave your name and cell number with Zoe and they put 250 points in your account, now you can get that fondue set your granny wanted back in the 80's
I actually think this site proves many are smarter than Roman & others.
A New Low Post
@cornpop, surveys have everything in them. Our leaders, hr, in particular consider all negative comments as statistical outliers. This is not based on conjecture…
FIRE ROMAN!
FIRE MONISH!
FIRE LAVERS!
Okay - I am not sure if I understand you correctly.
You are complaining about this forum being toxic while 3M got a toxic workplace in the last years. There is no option to say the stuff you find here in the company.
First of all, no leadership member listens for a second when there are critics. Second thing is that no one even wants you to raise your hand. I once sent a critical question on workforce planning (which is not even existing) for a town hall meeting to the leadership team. a) it wasn't answered b) my manager asked me why I am asking such questions c) management assistant reached out to me and told me to keep such questions for me.
You are right. It's a sh-t show and it's made from "leaders" not leading, but enjoying there status as "leaders"!
McNerney, Sauer and Shin maybe could lead out of this mess
@05V1 Original poster: Transparency and the truth can hurt. The employee surveys didn't have open comments. As others have said, don't come to the site if you can't handle it. Or make sure you are in your safe space and petting your therapy toy unicorn.
Guy Smiley is this you?
Would love to hear this person’s thoughts regarding all of MR’s accomplishments (there arent any. Op is a bootlicker!!
All due respect to the person who posted this, some things to consider:
- like television shows and radio programs you don’t like, you are free to stop accessing if it upsets you so much.
- The BOD and Inge knew a lot of the issues (not COVID) we were facing when Roman was appointed (remember he was COO for a while prior to being elevated to CEO). They chose to kick the can down the road. Inge has a lot to answer to, but he’ll never be challenged.
- COVID was a double edged sword. Lots of crisis management (like every other business worldwide), but also a ton of money was made due to 3Ms portfolio of products.
- The BOD and Inge did a lousy job vetting Mike’s capabilities and limitations. If he were an outside candidate, they would not have advanced him beyond round one.
- The “it’s not my fault” argument is only credible at the beginning of someone’s stewardship. MR has been in his position for 5 years now.
- Of the strategies MR has brought forward, A3M has proven was an utter disaster and was very apparent when it was originally rolled out. Many talented, experienced people lost their jobs and the company is feeling their absence now.
- Share loss can be somewhat attributed to BT and SAP, but the real crime comes when 3M can’t express its value in the marketplace due to executive manager not knowing their products, applications, not the industries they serve. Heck, our sales reps can’t travel to meet service customers while inexperienced “check the box” employees are given promotions and responsibilities beyond their capabilities.
- A3M and the team that developed it failed to address the big business challenge a subsidiary based global corporations fights daily. “Global” positions trying to implement geographical strategic or operational changes are doomed to fail as the business managers are neither empowered nor authorized to drive changed, although they are still responsible and accountable for doing so.
Bottom line: MR is a minor league athlete expected to perform on a major league team. Shame on the BOD and MR for letting this charade continue for 5 years. Monish is a goon hockey enforcer who lives to win the individual fight, not the long term team win. He’s a typical GE thug trying to desperately keep the failed Jack Walsh model alive.
Bootlicker
MR gets paid the big bucks to deal with these issues, and he's done a poor job by any definition. Every F500 CEO has problems. Nobody made him take the job.
Hey, thanks for posting on the forum Mike! Just like your quarterly calls, nothing is ever your fault. 120 years of tailwind and its just not fair you were at the helm for 5 years of headwind while every other Dow 30 company improved. Keep working hard and get 3M kicked out of the Dow 30 for that last glorious nail, a modern day Jesus.
Let's look at what MR has done:
- Acelity acquisition was awful, paid far more than the business was worth ($6.72B) to try to fool wall street into thinking 3M had growth on the books.
- Sold the only good part of Ceradyne - body armor business.
- Hired Monish & Tireman.
- Fumbled earplug lawsuit. First lawsuit was filed MR's first year as CEO, but MR & the team have mis-stepped at every turn.
- Laid off 5 years running.
- Advance 3M & then retract 3M.
- Told all employees two different times that he consults his teenage daughter & her friends on business dealings. Results show.
We also have no culture anymore. We are worried about the d-mbest things instead of having a clear, concise direction. The playbook is just cutting useful jobs while expanding roles that never made sense to begin with. A3M was a disaster and ruined so much. The damage to the plants will never recover and the leadership we have know can't fix this. Before that bCom completely ki-led us... 3M has lost its way and Mike Roman was at the helm.
Really simple solution for the original post . . . Just leave the site or don’t click on topics you’re not interest in. Sure MR was dealt a bad hand, but plenty of missteps over 5 years to show all that’s he’s not fit to run the company. Maybe employees, ex-employees, retirees, and investors who care about the company need some forum as an outlet for the insanity at the headquarters.
If mike isn't to blame, then why has 3M stock grossly underperformed the market during the 5 years he has been in charge.
He's had enough time to implement his "playbook" and it doesn't work.
It not just earplugs either. But Mike's legal team chose a poor strategy. Had they made aearo as a subsidiary alone defend the suits 3 years ago, it could have been successfully managed chapter 11 for aearo. Instead, 3M acted as the dependent in judge Rodgers courtroom until it realized it was getting ki-led by juries and then tried the "hey blame bankrupt aearo!"
If the guy had been on the job a year or two, he may have been entitled to more time. Not after 5 years. Time to flush the john!