BB talks a good game just like Mike Roman did about growing organic sales and introducing new products. The playbook he is using is the same. 3M blew over a billion dollars buying there own stock between March 31'st and July. He let Gibbons put the Kearny guy in charge of logistics more wasted consultant spending. We have a four to one ratio in management to workers in R&D and strategic planning. That is a lot of wasted spending on what could have been used to replace ancient equipment and automation for new production lines. The reason they are pounding on inventory reduction is the cash situation su-ks and economy is slowing. Good leaders would have seen this change coming Q4 of last year. We changed the top guy but are still running the same sh!tty playbook Roman was running. A lot of the same milking a paycheck leaders are still here. Long past time they restructure upper management and thin out the heads and overlapping VP's. Otherwise it's the same old song and dance, which right now it is. Don't just slash get rid of some actual fluff this time.
@7abs+1tKAGR53 makes an excellent point.