A good leadership team needs vision and integrity to make sure its company will flourish. Honeywell's leadership has proven again and again that it has neither. As a result, the company has been stuck for years. Any attempt at innovation or creativity has been nipped in the bud. It's hard to watch what we've turned into.
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Honeywell is financially engineering a stock price. WS is in charge, they love dividends and buybacks, not the widgets we make. Capitalization phase, raise ad much cash as possible. Berkshire Hathaway was a textile company when Buffet bought it. He moved everything to low cost regions, got rid of everyone except a pile of cash. He invested it well.
@vfq+1chxnptI Honeywell did not last 115 years. It started a slow death when bought by AlliedSignal in 1999. By the failed GE takeover in 2001, Honeywell was just a zombie shell led by Jack Welsh disciples. It no longer bears any resemblance to the business founded by Mark Honeywell.
You miss the point, OP. Since DC, and now DA took over, this company is no longer in business to innovate, make great products, or to be a great place to work. The focus at the top is to look great on Wall Street by continually lowering overhead, spinning off underperforming business units (which have no chance of recovery because their funding has been pulled), slow pay to suppliers, and moving work to lower-cost parts of the world.
They keep acquiring companies to s*ck what success they can from them initially, fail to invest in them further, and leave them to languish. Look at the history of UOP and Intelligrated, though the latter got a lucky boost from the pandemic, not from HON.
The apex of the HON food chain gets fat while they work the skeleton crew to the bone. The goals of multinational corporations have changed dramatically in the past 20 years, and HON does the drill especially well.
Yep, a company like Honeywell could never last 115 years....
We've turned into GE part deux.
Thanks for nothing GE spawned CEOs.
GE stands for Greed Extraordinaire.