From the highest to the lowest management levels. Yes, I know the stock is doing well right now, but for how long? With this leadership, I don't see a good future. Most of the moves that were made in the last few years were missteps, especially when it comes to employees. Do they not realize that the company can't function with just managers???
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@3mpd - I agree with low demand. Aero demand will be soft for a few more years to come. It is a cyclical industry and has been strong for years leading up to covid - 2020. Business travel will be soft as companies have learned that net meetings work and are looking to trim expenses. Military spending has been strong for a long time too and can't go on for ever. New administration interested in infrastructure much more than defense. Buybacks happen closer to tops than bottoms (in stock) as leaders try to keep the stock propped up.
Honeywell's board of directors approved $10B stock buyback in February 2021 to keep HON stock looking good and to benefit top executives. And looks like they keep draining their cash on stock buybacks insteads of investing in their people's skills and R&D. Eventually they will lose competitive edge, and in conjuction with low demands in aviation and oil and gas (due to anti-carbon regulatory push), the current artificial stock price will burst inevitably.
If you lose your job after 12/8, move to a no state income tax state (like Florida) and take out your 401K before HON stock crash.
The brain drain is quite severe, yes.
Thank all the sales people. Without them, we'd be without revenues!
Management and supervision incompetence is to be expected. The worst incompetence, though, is that of you and your peers.
I was a business VP. As bad as you may think Corp leadership is, they are actually much worse. RUN!
Honeywell stock is not doing well. S&P 500 is 25% ytd, Honeywell is 6% ytd.
Lol. You know even less about business AND finance. Honeywell is only positioned to dry up the well of cash buying back stock in order to artificially jack up the price for DA's bonuses and nothing more. That's $2.5 Billion USD per year minimum that could be used for real innovation, attracting and retaining talent, and modernizing. This is a great lesson from "how not to run a business 101".
I don't see a lot of people rushing to be a honeywell manager these days.
@tim, are you a manager? Have you ever tried pushing back against the force with which directives are shoved down at us? For push-back to be effective, it has to occur in an environment that is open to considering the possibility of change.
HON is a totalitarian regime, and any attempt to soften or even question the directives coming down is considered insubordination. Everything is going according to plan...DA and his cronies get richer the more disempowered we are. They do NOT want to make life better for employees. Those who try to inspire change or push back are run off, leaving only employees who are trapped by age, skill set, or location...and those who are willing to keep them down. The only way for your work life to improve is to go elsewhere.
@OP has very little insight into how business actually works.
Honeywell is well positioned for the future.
The only thing that will stop it is having to continue to support legacy products.
Time to shift and that means factories will close and people will be let go.
Nobody buys film cameras or crt monitors.
Same for honeywell products.
My manager was fine, senior manager was fine, our director level guy was fine.
The heavy handed, mandatory rules and processes they had to live under was what made them seem to be horrible people. They hated PIPing people as much as the ones PIPed hated it. Far from incompetent, all were quite accomplished engineers. They were not bad people just in a bad situation. Technical people should never accept a management job even with a big pay bump.
I love my manager! And her manager and the leadership of my function. However, I’m
Not happy with the mandate.
Watching this message board supports the OP.
Thank MM for all of this......the common factor and his lack of leadership.
When managers hire only “yes” mangers more incompetent than themselves to avoid being replaced and so they are not threatened or challenged. It is a management competence downward spiral under the entire business fails to function. It’s all about those in power staying in power.