Thread regarding 3M layoffs

8th Worst CEO

  1. Bill Brown
CEO approval rating: 30%
Company: Harris Corporation
Glassdoor company rating: 3.0 / 5.0
Tenure as CEO: 5 years

William Brown, who has been at the helm of aerospace and defense contractor Harris for nearly five years, is one of the least liked CEOs of any major company. Many employee reviews attribute the declining morale and a burgeoning culture of distrust to Brown, speculating that his chief concerns — the company’s profits and shareholders — often come at the expense of employees.

By that measure he has been successful so far. Now trading at over $90 a share, Harris stock has gained by well over 150% in value from the time Brown took over in November 2011. Brown has managed to increase the value of his company in the eyes of shareholders. However, many current and former Harris employees allege that Brown is cutting costs by getting rid of more experienced and more expensive engineers in favor of younger engineers with less experience.

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| 1781 views | | 8 replies (last May 4, 2024) | Reply
Post ID: @OP+1slQvXnH

8 replies (most recent on top)

I’m amazed by the naivety here. In what world do you think that BB remotely cares about an approval rating?? He is wealthy, came out of retirement to become more wealthy. If he has to take unpopular decisions to do that, even for a year, he will be dancing to the bank. This is not a popularity contest. We don’t elect him. He is selected by a board that’s equally corrupt.

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Post ID: @1qpe+1slQvXnH

In other words, he's another McNerney without the hype that Jimbo brought in from his vaunted GE. Remember, he was technical unemployed until 3M fished him out of the retirement tank. He will be here three years and break 3M up into 4 or 5 pieces.

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Post ID: @mqp+1slQvXnH

8th Worst CEO. Were none of the 7 worst CEO’s available?

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Post ID: @bwp+1slQvXnH

Unmistakable age discrimination.

"many current and former Harris employees allege that Brown is cutting costs by getting rid of more experienced and more expensive engineers in favor of YOUNGER engineers with less experience."

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Post ID: @qzl+1slQvXnH

Cutting the LTIP isn't ageism, though...

It's not ageism to treat both the young and old alike equally poorly.

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Post ID: @bsb+1slQvXnH

Ageism and age discrimination.

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Post ID: @dww+1slQvXnH

First step to cut LTI

"However, many current and former Harris employees allege that Brown is cutting costs by getting rid of more experienced and more expensive engineers in favor of younger engineers with less experience"

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Post ID: @fdf+1slQvXnH

"This is going to hurt me more than it hurts you." 😃 😢 😭 😃

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Post ID: @fzx+1slQvXnH

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