Be glad the pension is insured very well. This is a company of cowards at the top. This split is going to be a disaster as nobody wants to do anything wrong and get yelled at by their mommy who gave them a job they weren’t qualified for because hockey buddies.
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BoD will vote 13 - 0 to extend Mike’s mandatory retirement date to January 1, 2030.
That means Monish is going nowhere.
Eventually getting their arses handed back to them !!!!
They are waiting for a power point by external advisors to learn how the story ends.
Infusion of an activist or private equity investor would be very welcome and as $MMM gets cheaper I think the likelihood increases.
How much has Mike made during his reign of te---r? $50M +? He doesn't give a chit.
Does Ethical = Woke?
Dangling from a bridge!
At this point, Monish has made things worse. Even his own hand picked people from GE are fleeing him. If the board picks him, they will all be part of his continuing failure.
Mike will ease into retirement. Moneyish replaces him very unfortunately. The company goes to the dogs. The board pretends nothings wrong. The coc pretends nothing wrong. The company loses decades of progress. And we all lose. It’s the reality we will be forced to confront.
Bankruptcy
With fat checks and a new boat.
They could give a sh-t if we sink or swim.