The company is running out of cash fast.
Attrition is at an all time high.
Soon no assets will be left.
The legal troubles have left the company in a state that no one could have imagined.
13 replies (most recent on top)
Do the right thing, screwing over veterans is not the right thing.
Current state of affairs is the company is going bankrupt, soon the business groups will lose all the resources. The criminal scumbags will lose their ability to do anything wrong.
My thesis is that this day was bound to come. If it didn’t come in the context of veterans or PFAS, it would have come because of something else.
The issue is more related to not having a plan in mind, the whole idea of seeking leadership to incoming recruits, people not going through a humbling process of understanding what it takes to make something great. The flip side is that people feel exceptionally happy with the stature the company offers them, they are known, they are somebody famous. But what they don’t understand is that at an early stage in career, getting buttered by facile praise is perhaps the biggest deterrent to long term success.
I do not want to make a sweeping generalization here. I knew of many individuals whose demeanor was way more grounded. I myself was made the bu-t of jokes in the company by their top dogs. I used to look at the well connected folks around me and think to myself that once they enter the real world, papas and mamas aren’t really holding a bouquet of flowers for you at every doorstep. Some of them were downright vulgar and others were a bit too cunning for their own good.
This seems at first like people problem: folks show questionable character so they must be rotten apples. after deeper scrutiny, you realized that the cultures of the company were tuned to incentivize this behavior. This “too cool for school” mentality, this holier than thou attitude, this culture of faking it but forgetting that at some point you’ll have to make it. These actually have deep rooted implications in how people perceive work.
As is the case with all companies, the reason you get paid is to put up with the lows of work. Sometimes people forget that due diligence is a part and parcel of making anything that touches a million lives simply because the due diligence is like the vegetables on your dinner plate that no one likes but is good for you, and everyone wants the ice cream of recognition.
Running lean operations is tricky but even within the constraints sometimes it is possible to deliver something odd value gracefully off your head and heart are in the right place.
Sell cbg and sibg. Also their divisions. That would probably fetch like 120 billion. Would help with the lawsuit.
Honestly I think they should just sell the whole shitshow.
Why remodel when you’ll have to sell the building off? The buyer will in any case get rid of the tacky furniture in the lobbies.
Someone has been shitposting this site recently. Too many posts stating the same thing in a different way and generic replies agreeing with it.
Cash is on hand for veterans, not the company.
The c-suite badly needs remodel. Reallly..
There is cash flow, from the company’s account to the veterans pocket.
120 years all gone due to mismanagement. I still remember the days when we had hundreds of resumes on our table. 20 years later, no one wants to join and those who somehow got here are sprinting out.
And that’s why they’re remodeling the C-suite…to burn through what little cash remains.
Yes. Get real. Maybe Mike Roman isn’t 3M’s greatest CEO but he definitely wouldn’t play the fiddle while Rome burns.
This is wrong. There is plenty of cash and cash flow.
Get real. There Is very significant cash on hand and cash flow