Thread regarding 3M layoffs

How did Monish get the highest performance rating?

Mike Roman is the CEO version of Kirk Cousins. Way over paid and can’t achieve victory against superior competition.

An average small mid level org ceo would do a better job than the present ceo. Should be ashamed of his legacy. Five years and he only depresses the organisation, every day he is in. Dont think any one can turn the wreck of neglect and poor decision making. Least he could do is to exit immediately.

I wrote the board and applied for CEO. I told the them I'd do the gig for 25% of Roman's pay. I'd be able to retire in 2 years and save the shareholders some money.

Vale has been taking shares the last few years buy and sell, a fortune he has made but maybe not this year although he will hold off until november and cash in as will all the spinco newbies

Mike gave himself a Goldilocks raise - not too low and not too high, just right!

Nevertheless, even one year of a Goldilocks raise is more than 1 year salary for 85% of employees.

Shareholders should be able to clawback executive compensation due to poor performance.

Monesh better put him in the bottom 10 percent with 90 days to correct himself. lol

And here is comes again...

Roman's annual increase last year was 5.6%, how many 'does not meet' 3Mers got a 5.6% increase last year?

Monish's was over 9% - the board should be embarrassed by that.

Vale +12% - are you f___ing kidding me?!?

Same as always, they live in a charmed little world. In a just world they would all be unemployed and a couple of the would be in jail.

👋🏻Hi

Who would be tasked with giving Mike the performance review?

That being said, his only option was to 360 feedback review himself. He mostly spent several days agonizing over it, and wound up giving himself a fair rating.

Not when the CEO is also the chairman of the board.