Interesting Article: https://seekingalpha.com/article/4664580-3m-major-lawsuits-damaging-shareholder-value-smoking-everywhere Simplify global supply chain and modernize legacy IT systems. If I'm not wrong, we've been working on this since the dawn... — read more
EMD
Again, will the President of EMD apologize to us at the Town Hall for Huddle or his work on the Executive Committee? He has destroyed the culture at EMD implementing their/his disastrous initiatives. We are waiting.
GESPP
For those who are still on GESPP , what are the reasons that you are still contributing to the 3M pool? Just to get 15% discount? Be aware that stock can wipe off 10% just overnight. And GESPP is stuck to hold for 1 year.
Four words-Repeat after me.
Fire Mike Roman Immediately
Q4 results - The mask is fully off
So, I just listened to the earnings call... what a clusterfu-k. The lowlights: They set out the first public hint of the future bankruptcy, I quote from the transcript: "Absent the proceeds from the intended spin-off of the Health Care business... — read more
Stock drops to 97 today
What is happening
LIES OF OMISSION
Some truths were told today. There were many lies told; however, they were lies of omission which is hard to prove. Our company is a disaster. Clear that we have more layoffs coming. We have not hit bottom, not even close. It's just a job. Draw... — read more
2023 AIP
Where did the BGs and Corporate finish in terms of AIP?
Earnings Call Lessons
Monish, "Restructuring... This is how we work."
They all have to go
The worst CEO in company history, a completely incompetent executive committee, and an absent, negligent board. All they have done is destroy the wealth of thousands of families across the globe. Each division president has to be replaced!
New bold vision could not prevent stock from sinking
Looks like the vision is not enough to stop the slide
TIME TO COME CLEAN
3M Earnings Are Coming. Legal Woes Are Hurting the Stock. Investors will want updates about the company’s legal liabilities and the spinoff of its healthcare business when it reports fourth-quarter results. By Al Root Jan. 22, 2024 4:15 pm ET 3M... — read more
PREVIEW: 3M seen posting 4.7% Q4 revenue drop
PREVIEW: 3M seen posting 4.7% Q4 revenue drop Jan 22, 2024 ** Shares of 3M MMM.N gaining ~0.7%at $108.50on Mon ahead of qtrly report due before market open on Tues ** Wall Street sees industrial conglomerate reporting adj EPS of $2.31, a 1.3% yr/yr... — read more
Will 3M's High-Yielding Dividend Face the Same Fate as Walgreens' Once-Mighty Payout?
The risks of a 3M dividend reduction are high This year marked the end of an era for Walgreens Boots Alliance (NASDAQ: WBA). The pharmacy and retail giant slashed its dividend by 48% to start this year, ending a streak of 47 straight years of... — read more
How Long
Have you ever asked yourself how long you would have gotten a 3 on your performance plans if you were the leader of a company that has lost more money on your watch than anyone else? That’s right, you would have been on a “plan” by March of the next... — read more
A BIGGER, BOLDER VISION
Roman unveils the latest company vision. anyone feels motivated by it? what has changed for the better?
Based on these metrics, it seems reasonable to say that the safety of 3M’s dividend is uncertain.
How Safe Is 3M Stock's 5.5% Dividend? Trey Thoelcke Published: January 12, 2024 A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear. Recognizing when a dividend is stable... — read more
Employees are the foundation of a company
It seems to me the fact 3M no longer enforces it’s Code of Conduct when the bad conduct involves senior leaders has created so much toxicity 3M cannot survive. We do not even need some of these senior leaders. As a peon if I yelled at a fellow 3Mer... — read more
FOREVER CHEMICAL ILLNESS SUITS BEGINNING
Lawsuits claim 'forever chemicals' from Decatur industries causing illnesses David Gambino, The Decatur Daily, Ala. Thu, January 18, 2024 Jan. 18—Several north Alabama residents filed lawsuits in Morgan County Circuit Court alleging they are... — read more
Steady stream of new PFAS lawsuits continue - New Details
WILMINGTON, N.C. (WECT) - New Hanover County filed a lawsuit in the county superior court on Jan. 12 against several PFAS manufacturers and companies selling products that use or include PFAS. The lawsuit targets manufacturers and sellers with the... — read more
PFAS drinking water issues all over local twin cities news
PFAS will never go away nor will it ever go away from the news. Back on twin cities news!
WINNING - Combat Arms Earplug Settlement Achieves Another Milestone with Participation of All Wave Plaintiffs
Combat Arms Earplug Settlement Achieves Another Milestone with Participation of All Wave Plaintiffs Since the Combat Arms Earplug settlement agreement was announced in August 2023, it has received strong and widespread support from claimants and the... — read more
“They lost the DNA”
Eerie parallels with the downfall of Boeing Should we be surprised fateful decisions about the Spirit Aero divestiture in 2005 happened under McNerneys watch? 3M is doing the same things to its supplier base as what is mentioned in this article... — read more
Q4 earnings results - what can we expect?
Seems like announcements and headlines often come with earnings results. What can we expect this time? CEO announcement? Cuts? Another spin? Perhaps a new and creative announcement to continue the decline?
Ope!
https://www.marketwatch.com/amp/story/3ms-ceo-is-in-line-for-a-26-million-pension-as-company-freezes-the-plan-for-employees-777bbf12
2024 Leadership Conference
So how was the LC?
Severance Pay
For those who have been impacted, how long does it take to receive your severance pay?
Plant Morale
At an all time low. Employees don't come to work half the time. Can't imagine why. Perhaps a--hat hr and management? Time to actually start firing incompetent losers. Su-ks to su-k.
When will 3M get booted from the DJIA?
When it happens, where will that rank among MR's accomplishments?
Roman
When is he going to retire and enjoy his full pension? Every time I hear something from him, I wonder whether Monish might be better. Which is a terrible thing to think.
3M’s Stock is Like a Dog with Fleas
Thanks to the person who shared the article “3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees”. I loved the analogy that our stock is like a dog with fleas. I feel so sick to see MR is making so much money... — read more
This announcement, while disheartening, was not unexpected
There are a couple of noteworthy things. 1) The five year notice is decent under the circumstances. 2) It clearly gives a data point on the time frame and trajectory on the future. Most companies no longer want the long term liability of... — read more
AIP and SIP consistency
Hello, I’m wondering if there’s consistency behind who is on AIP vs SIP. Some changes to the plans in the past few weeks make me think it’s rather sporadic. How is this decided?
Be Bold
MR, what are your top regrets over the last 5 years and how are you working to correct them?
U.S Pension Plan Actions
It was only a matter of time. Perhaps this is one of the reasons so many of our leadership have left. Another sign that our once great company is going by the wayside. Very had to watch.
Boeing
It is truly incredible how McNerney and GE parasites have destroyed multiple formerly great American businesses.
Execs leaving Jan 2
Did anyone see all these losses? CH, KJC, MCB, et al? This is a bloodbath.
3M Layoffs 2024
What's your prediction as it relates to the possiblity of 3M layoffs? Any chatter, news or rumors?
What's in 3M's future? Additional litigation, a dividend cut and eventual bankruptcy reorganization. See Reuters article.
More PFAS litigation in 2024 coming. More liabilities to soak up cash flow. Dividend cut in 2024 a certainty. 3M knew PFAS was hazardous. 3M knew the chemical was showing up in the environment, in animals and in humans. 3M continued to produce these... — read more
Stock option from 10 years ago still underwater!
Stock options from 10 years ago will expire in early February. Any chance company will re-state option price or extend option expiry date? If stock option expires, is there a tax write-off?