Thread regarding 3M layoffs

If you think all the so-called actions will be able to save the company , you are way too naive.

It's adorable that you think 3M will be around in 2-3 years.

R E L A X this is the trough and all the players know it.

The executive team could buy it themselves for pennies on the dollar. They’ve already enriched themselves on driving to old 3M into the ground.

Breaking up the company will eliminate pension liability in a few years. That will be billions dollars of cost avoidance.

Breakup will also provide lawsuit liability cover. There will be no clear line of site to liability. Keep it in court for years but never settling. It will also greatly lower purchase price, to the point it will be a private sale to the executives. It will be run as a private company to hide financials from investors.

You’re welcome 😇

If you fail to plan, you plan to fail.

Any competent outside activist would be much more welcome than Mike" trust the process" Roman and Mike" we should have cut more" Vale.

Internal managers have no idea how to grow the company organically, as they have demonstrated multiple times over the last 5 years.

Internally they have little respect from their own employees, outside they have little credibility left.

I could see an activist going after HCBG spin if monish is offered the CEO position. It would be nice to see him fall flat on his face and get forced out and replaced with a competent leader from a competitor.

The rest of 3M is so broken right now. No organic growth. Two huge liability issues.

In some ways, it's too bad activists didn't attack 3M in 2015 the same time they went after Dupont and Dow. The company could have been saved back then.

I would take anything that would shake the trees. But I don’t think an activist investor would be interested. There has to be value and there is little value in 3m. Soaring liabilities with massive legal costs. Pfas is going to be massive even compared to combat arms. No new products. I think it’s too late to save the ship. CEO has led to to the rocks and tire man has crashed it for him. I hope I am wrong and would love anyone to take it on

1. Attila the Hun - at least he knows a thing or two about "winning"
2. Mother Teresa. She wouldn't send 10,000 people to the dumps to save a few pennies per share. And she'd donate her salary to food banks.
3. Comedian Steve Martin. He couldn't be as bad and his comedy shows are more fun than Mike's around the world in a corporate jet townhalls.