Just a heads up, something is happening with the jets. This is the most concentrated jet activity I've seen in a while, if ever with only 3 jets.
My guess is an in-person board meeting, but that is a blind guess.
The stops in just the past few days:
Spending millions on private jet trips to bring all BOD members to St.Paul to declare a quarterly dividend ????
Meanwhile in my division, I am having to justify a $200 chemical purchase from my VP.
Should anybody be surprised why MMM is going downhill so fast?
Oh, wonderful, as if 3M hasn't gone woke enough already we have to add a retired "Chief Sustainability Officer" from Morgan Stanley to the board? How about we add someone who has a proven track record of driving growth and profitability in an industrial business. Until we as a company and the board of directors realize that we need to get back into the business of being a business (maximizing profits and growth) we will continue to flounder until we are past the point of no return!
Also elected another board member at the meeting. If 10 people can't figure out what to do, they should get rid of the least competent members and replace them with leaders who have the right skills instead of adding to the BOD while cutting jobs everywhere else.
ST. PAUL, Minn., Aug. 11, 2023 /PRNewswire/ -- 3M (NYSE: MMM) announced today that Audrey Choi, retired Chief Sustainability Officer and Chief Marketing Officer, Morgan Stanley, has been elected to 3M's Board of Directors, effective August 9, 2023. In connection with Ms. Choi's election, the Board of Directors increased its size from 10 to 11 members.
Ms. Choi was Morgan Stanley's first Chief Sustainability Officer and a member of the firm's Management Committee from 2017-2022, overseeing sustainability for a global financial services firm with offices in 41 countries. She was also Chief Marketing Officer from 2017-2021. Over the course of her 16-year career at Morgan Stanley, she founded and led the Global Sustainable Finance Group, the Institute for Sustainable Investing, and the Community Development Finance Group. Prior to joining Morgan Stanley, she served in senior policy positions in the U.S. Government's Executive Branch, including as Chief of Staff of the Council of Economic Advisers in the White House.
Ms. Choi has a long record of service in the philanthropic and non-profit sector, including as a board member of the Sustainable Accounting Standards Board (SASB), Wildlife Conservation Society, StoryCorps, Local Initiatives Support Corporation, New York Cares, the Impact Investing Alliance, and the Kresge Foundation. She is a frequent speaker on sustainable investing, economic development, and public-private partnerships. Ms. Choi earned her bachelor's degree from Harvard College and master's degree in business administration from Harvard Business School.
"We are very pleased to welcome Audrey to 3M's board, a highly accomplished leader with a proven track record in complex and cross-functional environments, including the private sector and government," said chairman and CEO Mike Roman. "Audrey's background in sustainability will be invaluable as we continue to prioritize progress in Science for Climate, Science for Circularity, and Science for Community, and continue to move 3M forward."
Board of directors met. Company just announced dividend today after board meeting.