A year ago the future CEO Mike Vale somehow got canned for reasons never shared with investors. Brown was disliked at his former place and out of work.
Imagine if Vale hadn't been pushed out. How much better this company would be today. Happier employees. Better GESPP. Fewer layoffs and Mike would have been a one and done style vs what people got under Roman and probably under Brown.
There's still time to save 3M.
Vale was for Vale, not the company based on the decisions I saw him make in SIBG. Didn't care about those under him. Cut, cut, cut to improve his AIP while gutting the ranks of true worker bees. Smartest person in the room if he was the only one there.
Start 'Mean Girls' meme-
Stop trying to make Vale happen. It's not going to happen.
Vale doesn’t work for 3M. So not sure what the op’s objective was with this post. A Wisconsin retiree I suspect…
There is absolutely no denying that Brown isn’t a first round draft pick. His approval rating is abysmal.
Same for Vale but he had business sense. As someone else said, he got caught where Brown and others did not.
Yes, as the OP I believe my assessment has been confirmed.
A Mcnerney-Sauer-Vale leadership pathway for 25 years would have resulted in an immensely profitable and revered 3M. Massive gains in GESPP.
3M would be the envy of all. It's clear what Roman and Monish thought of being replaced by a superior visionary.
The only difference between Brown and Vale is that Brown didn't get caught yet.
Fortunately, I missed the Academy Award acting by Brad in Austin, but saw a few other clowns try to defend Mcnerneys numerous layoffs (something like 5 in the first 2 years). I believe Brad was only in Austin for a couple of years before getting the Sick Sigma gig. He probably had to come up with a new strategy when he announced the 2nd and 3rd layoffs. The crying daughter act only works once, if that.
Speaking of Austin, I don't believe there is much left anymore. In the early 90s it was a boomtown for 3M employees. Lots of building and relocation. Lehr was the guy who wanted it to happen after getting miffed by former Minn Guv Rudy P.
Vale attracted certain people who were also highly passive aggressive types. Yes, he had a strong but small following of people who would charge San Juan Hill as if they were following Teddy.
There are zealots who lost out when their "leader" committed some "violation" of policy (much conjecture here, including something about Wonewok).
“Move on guys”? Maybe we are women!
I don't get this continued obsession with Vale?
Are these people Vale fanboys ? Or is this Vale himself ?
This guy was uncermoniosly thrown out of the door for a good valid reason.
For Pete's sake, move on guys!!!
LOL at Sauer being "CEO material." He should never have risen beyond division VP. McNerney selecting him to lead the Six Sigma initiative gave Brad a golden ticket to EVP status. He was squirrely as they come but had the advantage of knowing how to make the numbers fit whatever narrative he was trying to sell at the time. The image I'll forever have etched in my mind about Brad was his town hall presentation to a standing room only cafeteria in Austin when massive restructuring had just been announced. He told a heart wrenching story of his teenage daughter supposedly asking him "daddy, did you have to fire all of those people" that we're to believe she found out about by reading the business section. He was choking back fake tears in his delivery, but he won over some simpletons in the audience.
People forget how toxic & cut throat the executive ranks were post-McNerney. There were a half dozen guys at least who thought they should have gotten the brass ring. They hated "Temporary Bob" and most thought Buckley might be run off after a shaky start. They smelled blood in the water & were jockeying for position.
In my limited experience with Vale, he was demoralizing to those trying to move 3M into emerging business areas.....found reasons why something new couldn't work here.
And Brad was a good example of the Peter Principle.
what strategies did she implemented to advance this company when she was the chief strategy officer?
I’m a big fan of CBG’s Karina. She is a well seasoned leader with a wealth of experience. She can help lead further stock degregation and more layoffs in the future!
Re: Aearo acquisition, Buckley may have approved this but the OH&ESD/PSD senior leadership was responsible for the original proposal and doing the (now questionable) due diligence. This falls directly into the lap of Julie B and her team.
Brad Sauer was definitely CEO material. He was a great leader in Austin. It hurt his career badly when Mcnerney jumped to Boeing. He wasn't ready so Buckley got hired from a bowling ball company. By the time Buckley left, it was too late for Brad. I liked Buckley but it turns out the disastrous Aearo acquisition was his baby.
Vale was too busy porking underage pro$titut$s to be CEO.
I know you are having fun, but LSD is still not legal. You might want to keep that in mind.
A better what if scenario is this.
Harry S at Boeing doesn't mess around and get canned in 2005. Then Mcnerney gets the time he needs to complete his vision at 3M instead of rescuing Boeing.
Brad Sauer gets groomed at promoted around 2010 to take over. Aearo is not acquired (this was a Buckley error in 2008). Brad excels as expected and grooms Vale to take over around 2018.
Share price would be well over 300 (adjusted for splits). Tartan golf is still owned by 3M. GESPP accounts are oozing with profits. Happy employees.
3M had at one point over 90,000 employees.
Vale is the only internal CEO candidates HR could find!