https://www.marketwatch.com/amp/story/3ms-ceo-is-in-line-for-a-26-million-pension-as-company-freezes-the-plan-for-employees-777bbf12
4 replies (most recent on top)
Things I wish I knew sooner…If anyone still holding onto their 3M stock, hoping it will bounce back, this is a must read. It walks you through if you would have invested your money elsewhere what your return would have been.
If you are still holding onto your shares hoping it will bounce back, you need to make sure you include the analysis of selling short and investing in other stocks that ARE performing and growing. MMM used to be a “safe” stock, but for many many years, it has been way underperforming its peer companies or even just the average returns. It is very sad, but I wish I would have pulled mine out sooner.
Anyone who wants to keep me around as a scapegoat, please start paying me like this too. I can handle it... really.
Wa Happened
Shame on the Board and related, world calls you out !! Employees want justice.
But there’s one employee who won’t be feeling the pain: Mike Roman, the company’s chair and chief executive.
Company accounts reveal that Roman, 63, has received a staggering $19.3 million boost to his company pension (and other nonqualified deferred compensation plans) in recent years, according to statements filed to the Securities and Exchange Commission. This includes a $3 million gain in 2021, $7.7 million in 2020, $5.6 million in 2019 and $3 million in 2018.