Thread regarding 3M layoffs

When the ceo is chair of the board, there is no separation of power. This is intentional and speaks to the corruption of 3Ms leadership and how the derelict board is complicit. Lets end this venting with a final realization that we don’t matter till we raise our voices publicly. I don’t think that will happen. So we need to accept the reality and humiliation we are suffering, very unfortunately. Should our leaders be ashamed? Yes. Are they? No.

you gotta salute Mikey as well. for having thick skin to hang on his job despite dismal performance. well done Mikey for bringing 3M share price retreat back by a decade.

It is called Old Boys Network in some cultures, in some places they call it Nepotism !

Choose whatever term you like. That is the answer to your query.

We want to keep the stock price tanking so we can buy more at the trough and sell high.

It's not just MR, many managers career advanced like rocket but the company sunk like titanic

Way to go on giving Monish an exceptional rating which is like endorsing bad behavior.

As mentioned by a few others here, the Board clearly sees the path forward for 3M is a major break-up into perhaps 5 smaller companies. Roman is being held up as a figurehead until they can find the person to break it up.

Vale was the successor for remain-co and would have been the guy making smaller rocks out of one woeful big rock but he got "distracted" by the underworld of woodbury parlors.

Now, I suspect the Board is looking for an outsider they can pay to do the machete work.

Very sad to see what was once one of the greatest companies and best places to work become a sausage grinder.

I also heard that M0nish got an “exceptional” performance rating last year too