Stock prices remain near record highs, cash reserves are in the billions, the company is buying companies and buying back stock hand over fist. Layoffs and furloughs, benefit cuts, etc. are the business model that Honeywell leadership has chosen. It moves risk from investors to employees.
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The only way Dave has ever grown the company is by screwing the employees.. Was at a plant for 33 years about 20 of which it was a great place to work.
Honeywell is much more than Aero, and at the corporate level continues to be a Wall Street darling. I do think this model is unsustainable though, and Cote knows it.
Cote should cut his pay to a dollar a year to show the employees that he understands times are rough. A REAL corporate leader did this more then 30 years ago. his name was Lee Iacoca who was president of a bankrupt Chrysler Corporation at the time.
Oh how you are wrong! The company is struggling and struggling bigtime compared to years past. Revenue remains strong because the people at Honeywell are doing a fantastic job selling future revenue streams for short term gain. It's a lot like selling your car to pay your bills. Sure the revenue looks great now but it's being propped up by bad, I mean very bad decisions internally to meet monthly and quarterly commitments. The company is buying back stock because there is no choice at this point if they intend to maintain the dividend at its current level. That is just my perspective from working in Aerospace. It is a widely diverse global company but the aerospace division suffering. Perhaps all those locations outside of the U.S. are doing much better? Although I highly doubt it.
getting wealthy is not illegal - its just unethical and lacknof character - the means of how one gets rich at the expense of the masses! rot in hell!
@ghg since when is getting wealthy in America illegal
AGREED !!
Mr cote needs some of that risk shoved down his throat.. use that 60M from your sale of 500k Yahoo shares to help out the company dave!! Invest in the workers you claim to care about whenever you slash our pay and call it profit.. I f---ing swear this sh-- shud be illegal.