Expect another wave of people exiting the company after the last sub-executive RSUs are vested and paid. These were "retention" RSUs given during the free fall of 3M stock during period of great uncertainty due to PFAS and ear plug litigation. These are the golden handcuffs for some people. 3M continues to make outside opportunities more attractive to long term employees and rewards those brought in from the outside. Thus, we see a certain group of employees hanging on for dear life until Feb 6.
The jury is still out on BB and team to see if the approach for growth and stock price appreciation is real or just a smoke show. My observations were of too much window dressing and quarterly optimization vs. long term actions and strategy in support of growth.
Company continues to follow consultants to have 3M follow industry standards (by people who tell companies what to do but are not long term accountable). Thus, more outsourcing, "AI" initiatives, and thoughts on cross-selling 3Mers long list of disparate, specialize, premium products. I hope for a good outcome, but I am not a believer.