Not one of our leaders, and I use that term very loosely, deserves the benefit of the doubt. They keep lying to us and pushing fear exclusively as a management tool to get us in line. They've been getting away with this for far too long because the stock kept rising, but that won't last forever. It's only a matter of time before all the bad decisions catch up to them and the results and stock price start to reflect it. I'm looking forward to that.
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The people that they hire to run the individual divisions. Like supervisors, group leaders, or whatever other clowns they hire. Who most likely are friends or major a-s kissers. Who are not qualified. They have no schooling at all. In my opinion. This is the biggest joke I’ve ever seen.
All they know how to do is push parts. Qualities gone down the toilet. Morale has also gone. They streamline everything and don’t follow processes anymore. In order to push parts.
They rework everything. In order make numbers. Then they got to rework the parts because of bad quality. They keep coming up with excuses for the customers. I’ve been hearing that our major customers are getting irritated with us not delivery on time. They’re also sick of our excuses. They’re also sick of our pork quality.
How long do you think they’re going to allow us to do this. Before they decided they’re gonna pull the plug and go somewhere else. Well I’m not waiting to find out. I’m going to be like a rat and jump ship.
P
Like the end of times.
Leaders are a joke, but they are not funny. HON is on a trajectory like GE and IBM (as examples) The corporate decision makers are selling of the company to raise cash. They do not care about current products. WS likes cash - buybacks and dividends so they like and encourage Hon to do what they are doing. WS and Hon leadership are very short term. When the cash spigot starts to slow they simply move on, after a little bit of pump and dump. If Darius is still around we will see how his software plan works. HON stock was 232 high and shot up very quickly from about 180; 205 right now. So slowly rolling over. See if it holds. Is WS still in, holding it up?
The stock is down about 2% since this time last year and way lagging the s&p 500 which is up 27% in the same time frame.
Time for more heads to roll!
(Not at the top, mind you; lots of underlings doing the work who are all clearly expendable).
Yup. Plan to leave after getting the MIPS payout at the end of March. Pay is actually very good but it is getting very tiring with the whiplash and endless rollout of more tools and fadish PR such as accelator which is nothing new but a rebrand and repackaging of existing stuff (previously we and HOS, Gold something...) But the wall street eats it up without looking under the hood. It is really a shell game
Earnings growth has been achieved through extreme cost cutting and offshoring. This is not sustainable because at some point you can no longer lower costs (in fact wage costs will begin to increase as foreign wages will rise faster than U.S. inflation). We are close to running into this wall. The globally averaged engineering compensation is about 50k. This is a sign of a failed company that can only succeed with cheap labor. Another looming problem is that leadership has obliterated the company's reputation in the eyes of prospective employees. They are currently struggling to attract and retain engineering talent in the U.S.
Agree, the "company" is a machine designed to eat people. This includes directors and VPs. There is no crash other thab burned out people.
Maybe the talent will wise up and leave en masse. Maybe they already have.
Not a crash but a strangulation and a moment when jim cramer calls honeywell the kmart of aerospace.
I hate to be the bearer of bad news, but they have been making those decisions for 20 years, and the results are what they are. There is no magic cliff they are going to hit. People have been forever saying "oh, it will catch up with them", "people will catch on and quit", "products are now cr-p and buyers will turn away", or "no new good products are coming out". But the financial results keep making the market happy, thus the leaders will continue with the playbook they have been using if they like those results. Period.
With that said- one might imagine an alternative. What if you could get those results, or even better results, by being more invested in your workforce. What if the products were even better, even faster to market, even more proactively meeting the needs of the market? Would better pay, less churn, more "love" shown lead to EVEN BETTER results? Now I could make that argument.
What I'm saying is- you might stop dreaming about a company crash that has been proven never to occur, and rather dream that the leaders might think about a step change in results through their biggest investment- that being you.