For the life of me I don’t understand how a spin off will help anything.
Most exciting thing at Honeywell is when the broken fixtures in the bathroom finally get fixed (3-5years) and maybe the annual refilling of the vending machine. Love a fresh sandwich in vacuum packing for lunch.
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"conglomerate" - > Big Word
The mere reason Honeywell fell apart is:
- Out sourcing, particularly to India. Which brought no value, but no one will accept it. All it brought was substandard leadership who are now splitting the company.
- Loss of Talent. HR was empowered to reduce cost and they thought they can churn the expensive engineers to young or indian engineers.
- Common process does not work for a conglomerate. But they forced it to reduce cost.
So Elliott‘s take over is the American ways of coarse correction. All current leadership will wiped out, and after the split one of the company will die. The remaining two will float for while, and will be eaten or acquired by someone else. Perhaps one will float on its own.
Good Luck
Read Elliott‘s handbook. Expect deep cuts during restructuring.
Everything I read. States that Elliott management will do a lot of job reduction. In order to increase shareholder value. Definitely does not look like a good day for us after the official spinoff takes place.
So within the first two years, expect a lot of job reduction and major restructuring taking place. Remember guys. It’s all about shareholder value.
Honeywells benefits are terrible. Literally give you the absolute minimum possible. Leadership doesn't communicate well at all
Just saw an article (well, just the headline really) about splitting into separate Defense and Controls companies. That might help defense because it can be a very different business when you are largely dependent on government contracts.
fewer levels of leadership? not going to happen.
do you really think that charlotte will close ? no way..
these new businesses would still be mostly owned by corporate. the ONLY thing that changes is who gets fired when the stock tanks. i bet the new businesses would lease services from corp it and other central teams via sweet contracts.
Having a MIP sounds nice. Sit on my a-s all day, do nothing technical or otherwise, and still get a bonus?
Honeywell reduce or eliminate top leadership. MUHAHA! I recall when Bob Johnson was top dawg at Aero (before Timmy) and top leadership decided to eliminate at least 25 Level 5s. VPs and above. Yeah they did but within 5 years they had all been replaced and actually added a couple divisional presidents.
Well, one of the ideas is to dismantle top leadership, which proved to be useless if not damaging, and shave 2, 3, or 4 layers at the top - why do we need so many VPs, GMs, Leaders, etc?
So if Honeywell will not be a conglomerate anymore, there is no need for so many levels of leadership, this will result in quicker decisions, easier approval, quicker product to market, lower overhead costs, travel costs, MIPs for leaders, benefits, etc.