If you are a principal of a company, and you love what you have created and are thinking of selling to Honeywell, beware that Honeywell will have no concern about what you have created and will most likely destroy it and it's customer base. Upper management at Honeywell is mostly incompetent and their only concern is the next quarter. It may take a few years, but your company will look nothing like what you sold them. Your best managers, sales people and engineers will be driven out and replaced with incompetents. Your company will be effectively destroyed and what you have worked for will be gone. You will have no legacy if you sell to Honeywell. I've seen it twice now. BEWARE!
19 replies (most recent on top)
Only three things in life are guaranteed, death, taxes and Honeywell's destruction of every company it buys. We all know we will be reading horrible CCC threads in 12 months.
I remember this post and I had to search to find it. Honeywell has since made another purchase of CCC. I wonder is the CCC folks saw this post and what they may think? I am sure the employees are going to regret being purchased by Honeywell. Nothing good ever comes from Honeywell purchasing your company. I've been through it once and I wish to never have to go through it again. Good luck CCC!
Let's see what the HR trolls have to say about this topic coming back to the top!
@2jot
There are so many things wrong with your comment. Many technologies are developed "out of some sense of benevolence to society". Profit is also a prime factor in much of that. However, there is also a sense of creating something, much as an artist creates a painting or sculpture. If an artist sells a painting to Honeywell, and then Honeywell destroys that painting, because they own it, do you think that artist will sell Honeywell another painting?
Given the discussion that this post has generated, I think it is a very worthwhile post.
So, I got the cash. Nonetheless I will demand cash only terms verses extended payments of up to 5 years or HON stock with EBITDA and or revenue targets. Once I receive 100% of the cash, I don't care if you break it, destroy it, and or slow burn it. In fact, I hope HON does so I can create a new business and reinvent the model.
What a stupid post. The principals didn’t develop their technology out of some sense of benevolence to society. Nor should they. They developed it for profit. The opportunity for profit is what drives revolutionary innovation. And, if Honeywell provides that profit, then they’ll receive what they set out to receive.
The point is.. honeywell is a salvage yard. They buy business cheap and the cut them apart to extract what value exists. Honeywell is NOT in the business of innovation or future shaping ... unless your future is a dystopian one. Any cutting edge tech is just a fascade used to distract and sell 1960s stuff out the other door ( i am talking about you boulder). Sadly most of the value in a business is people..so that is where the start.
@1lkf
Completely true. However, I think if some owners knew what would happen to their life's work, they'd accept a lesser offer to try and preserve some sort of legacy and to take care of the employees that got them to the point to sell their company for a lifetimes of riches. Honeywell cares not a wit about people or companies. Only about enriching the executives every quarter. Oh, and speaking about ESG to try an portray themselves as responsible citizens of the universe. NOT!
somewhat tedious - if they sell their company then they want the money.
What happens after that is someone else's problem.
American companies are generally badly run because they favour greed and exploiting the workers - you guys seem to lap it up tho
#fartshifters
I've seen it twice now
Boy you are a newbie. Honeywell has made more than 60 acquisitions since I started watching. The one constant -- Honeywell wrings sales and profit from these companies by slashing and burning customer goodwill and employee capital.
DA mentions at every Townhall that M&A (Mergers & Acquisitions) is a prime focus for profits going forward. I think the OP tweaked DA's nose a little bit with this one.
1gdd is indeed an HR troll. By chance I opened the thread right after 1gdd posted and saw them immediately pump their own upvotes by 10 points... all within the span of less than a minute. If they can't show genuine support for their corporate propaganda then they sometimes get desperate and try to fake it by pumping their own votes.
They are also quickly rotating through the full script of honeypot/distraction topics that are designed to take the steam out of the other posts that they REALLY don't like. When you see the site getting flooded with hot button political topics... you know it's the HR trolls doing it...
The "Should I join and relocate for HW?" is another good example of a honeypot topic but it's a sneaky one. This forum is loaded with people who have been burned by HW so naturally everyone wants to help the OP avoid the dumpster fire. That kind of topic tends to get a lot of posts and is good for redirecting people's attention. Realistically though, that OP is not real person but just an HR troll. Anyone who spares a minute reading through the topics here would know its best to stay away. If however you come to this site, read up, and then tell everyone that you're on the fence about the decision then either you are the most gullible, optimistic, and desperate person out there... or you're simply an HR troll.
The "should I join/relocate?" topic is one the trolls tend to reuse every so often but this time it got so much heat and negativity that the HR trolls rolled out the "seeing hate for my BMW" topic instead...
If HW calls, hang up!. They are like Huns coming over the wall!!!
It no secret boys and girls. This is the GE model from Jack its like a Ponzi scheme. Fat boy Cote continued it and now the Chech Exec is trying to morph it into software.
Exactly what happened to Intelligrated. This is the H'ell M.O.
Wow! This post really hit the mark given the down-votes and the inane reply by @1gdd. In only a few hours at that! Honeywell is circling the wagons. @1gdd is obviously an HR Troll trying to stay relevant on a sinking ship. The rats are fleeing and there is nothing but customer disappointment in the future. Honeywell's incompetent leadership can't keep covering up their failures forever.
You must be confused. Are you under the impression that only current HW employees post here?
Secondly, with how aggressively companies like HW are offshoring these days you might soon find yourself kicked to the curb without any more boots to lick...
Meanwhile OP is drafting like a chicken, behind a screen, while also kissing his boss hands and feet every single day so he can get his pay-check, stuck here at HON, due to his inability to find any other job as ALL companies around are refusing to hand him an offer. Poor guy.
Buy the company, fire the leadership, force everyone to quit, absorb the tech and push the manufacturing and engineering to Mexico and India.