How Safe Is 3M Stock's 5.5% Dividend? Trey Thoelcke Published: January 12, 2024 A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear. Recognizing when a dividend is stable... — read more
Employees are the foundation of a company
It seems to me the fact 3M no longer enforces it’s Code of Conduct when the bad conduct involves senior leaders has created so much toxicity 3M cannot survive. We do not even need some of these senior leaders. As a peon if I yelled at a fellow 3Mer... — read more
FOREVER CHEMICAL ILLNESS SUITS BEGINNING
Lawsuits claim 'forever chemicals' from Decatur industries causing illnesses David Gambino, The Decatur Daily, Ala. Thu, January 18, 2024 Jan. 18—Several north Alabama residents filed lawsuits in Morgan County Circuit Court alleging they are... — read more
Steady stream of new PFAS lawsuits continue - New Details
WILMINGTON, N.C. (WECT) - New Hanover County filed a lawsuit in the county superior court on Jan. 12 against several PFAS manufacturers and companies selling products that use or include PFAS. The lawsuit targets manufacturers and sellers with the... — read more
PFAS drinking water issues all over local twin cities news
PFAS will never go away nor will it ever go away from the news. Back on twin cities news!
WINNING - Combat Arms Earplug Settlement Achieves Another Milestone with Participation of All Wave Plaintiffs
Combat Arms Earplug Settlement Achieves Another Milestone with Participation of All Wave Plaintiffs Since the Combat Arms Earplug settlement agreement was announced in August 2023, it has received strong and widespread support from claimants and the... — read more
“They lost the DNA”
Eerie parallels with the downfall of Boeing Should we be surprised fateful decisions about the Spirit Aero divestiture in 2005 happened under McNerneys watch? 3M is doing the same things to its supplier base as what is mentioned in this article... — read more
Q4 earnings results - what can we expect?
Seems like announcements and headlines often come with earnings results. What can we expect this time? CEO announcement? Cuts? Another spin? Perhaps a new and creative announcement to continue the decline?
Ope!
https://www.marketwatch.com/amp/story/3ms-ceo-is-in-line-for-a-26-million-pension-as-company-freezes-the-plan-for-employees-777bbf12
2024 Leadership Conference
So how was the LC?
Severance Pay
For those who have been impacted, how long does it take to receive your severance pay?
Plant Morale
At an all time low. Employees don't come to work half the time. Can't imagine why. Perhaps a--hat hr and management? Time to actually start firing incompetent losers. Su-ks to su-k.
When will 3M get booted from the DJIA?
When it happens, where will that rank among MR's accomplishments?
Roman
When is he going to retire and enjoy his full pension? Every time I hear something from him, I wonder whether Monish might be better. Which is a terrible thing to think.
3M’s Stock is Like a Dog with Fleas
Thanks to the person who shared the article “3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees”. I loved the analogy that our stock is like a dog with fleas. I feel so sick to see MR is making so much money... — read more
This announcement, while disheartening, was not unexpected
There are a couple of noteworthy things. 1) The five year notice is decent under the circumstances. 2) It clearly gives a data point on the time frame and trajectory on the future. Most companies no longer want the long term liability of... — read more
AIP and SIP consistency
Hello, I’m wondering if there’s consistency behind who is on AIP vs SIP. Some changes to the plans in the past few weeks make me think it’s rather sporadic. How is this decided?
Be Bold
MR, what are your top regrets over the last 5 years and how are you working to correct them?
U.S Pension Plan Actions
It was only a matter of time. Perhaps this is one of the reasons so many of our leadership have left. Another sign that our once great company is going by the wayside. Very had to watch.
Boeing
It is truly incredible how McNerney and GE parasites have destroyed multiple formerly great American businesses.
Execs leaving Jan 2
Did anyone see all these losses? CH, KJC, MCB, et al? This is a bloodbath.
3M Layoffs 2024
What's your prediction as it relates to the possiblity of 3M layoffs? Any chatter, news or rumors?
What's in 3M's future? Additional litigation, a dividend cut and eventual bankruptcy reorganization. See Reuters article.
More PFAS litigation in 2024 coming. More liabilities to soak up cash flow. Dividend cut in 2024 a certainty. 3M knew PFAS was hazardous. 3M knew the chemical was showing up in the environment, in animals and in humans. 3M continued to produce these... — read more
Stock option from 10 years ago still underwater!
Stock options from 10 years ago will expire in early February. Any chance company will re-state option price or extend option expiry date? If stock option expires, is there a tax write-off?
A total reset in strategy and executive leadership is necessary
I’m a former 3Mer with nearly 20 years experience with roles in lab and commercial for a few businesses. 2008-2009 was tough, but understandable. At that point I felt that there was fat to cut, and the cuts seemed targeted at reducing that fat. The... — read more
Happy Holidays!
This is a great time to think of all the people who lost their jobs and those struggling to stay working at what was once a great American company. Also time for the Executive Committee and all the Steering Committees to reflect on all thousands of... — read more
I've started looking for a way out
I've been applying to any job that's within my qualifications/interest for about ten days and so far I have gotten no responses. Is this normal? It's been a while since I last applied for a job and I can see things have changed significantly. Still... — read more
Existing employees: we should unionize
Thoughts?
Layoffs in January
Am I wrong to assume that layoffs will continue immediately in January?
Sibg market center
So any insights on what’s going to happen with the global market center with MB leaving??
Predictions for 2024
What will be on the list ? More layoffs which is a given. ......
3M Austin
Anyone else hear the rumor EMD rolls up into an industrial division and walks away from our long term lease here? The VP has definitely lost the locker room. Literally tumbleweeds on the floor. And if they say no, do we trust that?
Where's the Pivot?
Our leaders have determined that its very own employees are to blame for the state of the company. Our greedy leaders have time and time again denied funding to improve plant safety, this is a fact that can be proven. Today our executive leaders are... — read more
3M Spain
The situation in the subsidiary in Spain is horrendous, cold in the offices just to save on heating, a dirtier building because they have cut cleaning services, a building with the same carpet since it was inaugurated forty years ago, no possibility... — read more
Why is everyone so angry?
All you have to do is hire a consultant to do any actual work and collect your cash award from PG. Your job is much easier than you think.
Going Under
10 Signs Your Company Is Going Under There's a Hiring Freeze Closed Door Meetings Are Everywhere The Good Employees Start Leaving Layoffs and Reorganizations Are Constant Playing It Safe Is Encouraged Everyone Is Unhappy There's... — read more
AIP through Q3?
I’m sure everyone’s expectations are low, but what are the current AIP payout percentages through Q3?
CBG USAC layoffs happening
More layoffs this week. What a mess. Just sell the business and stop ruining people’s lives!
New AIP structure?
I am financially illiterate and have a hard time comprehending corporate jargon. Can someone explain to me how the new aip structure is different than it has been?