Anyone else been witness to a bunch of shenanigans to pull sales forward into September to make Q3 numbers look good?
9 replies (most recent on top)
They have done sh-t like this for years and years not surprised they still do it
@14k regarding Tireman the worst part is he slashed a lot of manufacturing and supply chain people to try to impress the Board and get CEO job. The joke was on him as BB berated him on a quarterly earnings call about the abysmal OTIF.
As for the "firewall" that was an on-going joke after his rants trying to defend Kearney during one of his raucous town halls. Hey, little man, we know you still drop by to check out the news here. Have another one on us, Wee Pete
You cannot expect ethics and compliance from a company that condones the behavior discussed on this site by FlimFlam and Tireman.
Hire better, your leadership su-ks hard. There a little truth for you to ponder.
The VP R&D are appointed because they are all buddies grew up together. None of them have any product that they have launched or are tech savvy. There is no way 3M can compete in the current global environments. 3M has to very serious looks into the number of R&D leaders, how they came to the level and if they are even needed for the organization. BB will save a lot of money.
@cz Don't forget the four R&D SVPs who make $million+ annual salary and bonuses. Those SVPs are paid to supervise the R&D VPs, who supervise the R&D directors, who supervise the R&D managers, who in turn supervise the scientists and engineers who mostly maintain current products, make small improvements to existing products and occasionally invent something new. A lot of R&D money goes to pay the salaries of those "leaders" and very little trickles down to fund innovation. If BB is serious about innovation, he needs to eliminate those SVP positions and use the multimillion dollars in saved salaries to fund new projects.
R&D is equally bad. Nothing new to support but yet there are several VPs to maintain products
See no evil, hear no evil, speak no evil.
@OP that "worked" for Chainsaw Al Dunlop when he took over Sunbeam. Stock price soared. Wall Street roared with approval. Then the real numbers showed up over the next few quarters. Al was forced out, Sunbeam crashed and burned.
BB is too smart to do what Chainsaw Al did but, being a short timer, he will likely look for any "options" to goose the share price and enrich him and add to his Florida yacht collection.
Just plain old Minnesota Nasty.