BB seems to lose money by tearing things down to rebuild them. In 2021, he bought a $7M house on a Florida golf course and demolished it, building a new multi-million dollar home in its place. In the meantime, he bought a $4.1M condo to live in, which he dropped a ton of money into renovating, and sold it for $3.1M to move into his newly built home. Wasting money tearing things down - is what he's doing to 3M?
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The 3M teardown continues with resignations of heads of IT and HR.
@cv
It's because you have a cork in your butt.
i havent sh-t in 3 days ffs
The guy is likely sloshed right now on his Florida yacht on expensive vodka with a designated driver for his boat.
He has no original ideas nor a plan, other then spinning off pieces of a once great company whose decline started under the ill-fated leadership of James McNerney. The quarterly fanatical focus on earnings began 25 years ago.
The goose is cooked by now. BB only cares like a mercenary who is enriching his friends and himself.
Truly tragic decline of a powerhouse that has it been governed by the next McKnight generation would be rolling in dough and innovations.
What a sad story.
You don't bring a disliked, washed-up, never-really-did-anything CEO like Bill Brown out of retirement because you're planning for the future.
You do it because you need someone to be the axe man and preside over the dismantling. No CEO with aspirations would touch it because whoever brings down a former titan like 3M will have their name forever tainted with this stain.