Interesting news on the organisation and management this month
9 replies (most recent on top)
Yes. Cannot blame poor operating results, spin-off uncertainty, acelity deal, mgmt turnover, botched reorg on past ceo
Those on GESPP will be happy…they can buy more units of shares at cheaper price after 15% discount..ha
Does this make the board look bad with their jobs?
We are definitely winning. Shares have hit a 10 year low today….what an achievement. Let’s send M&M brothers some everyday win points.
So…. We’re not winning?
Are we still excited about the future?
The Board is impotent. Expect nothing good to happen for the foreseeable future even if coc is replaced. The problems are existential.
Most leaders with this type of track record would step down. Not this group, they have no shame because they will never get another chance at it. Mike and Monish know they will never get another chance to shake down the money tree. They will not be satisfied until they burn it to the ground.
Just shows 3M management and Board isn’t skilled enough to drive the Company.
Lack of management skills cannot be made up by adding layers and layers of consultants, speed testing ideas, adding new blood or the various Mumbo jumbo it’s resorting to, is not going to solve this.
Shareholders are suffering, employees are and surely customers have decided to look elsewhere for solutions.
People have been calling out the Leader who at the best looks helpless at most times and want accountability !!
"The rout in 3M’s stock since Roman officially took over the top job in July 2018 is worse than the slide in Boeing Co. shares during the same period, which included two fatal crashes, a worldwide grounding of its best-selling 737 Max jet and a global pandemic that brought air travel to a virtual halt. It’s the second-worst performance by any member of the Dow Jones Industrial Average. 3M’s market capitalization is now about $60 billion — roughly what it was a decade ago even though the S&P 500 Index and the industrial subsector have both more than doubled in value."