I know expectations are low for AIP, but what’s the current payout estimate based on performance through Q2? I thought those numbers are updated quarterly and posted internally for everyone to see.
Exciting Ethics conference sept 13
Please be sure to join the exciting ethics conference on sept 13 that was just sent out with people I can tell as ethical as Mike Vale!
Inevitable Clashes coming up........,,
Let's just say that Mike ran the GE playbook to name his up and coming successor. He didn't have any business leaders worthy, so he ran his finance guy versus his supply chain guy. Finance guy won out, setting up potential major clashes between... — read more
President?
The track record for former GE leaders is that they have trouble replicating the cook-the-books-1990s-Jack-Welsh "results" anywhere else in another place and another time. At BEST you will get moderately down results like Nardelli at Home Depot in... — read more
The beginning of the end
Well folks, it is that time - the endgame has begun. To quote Nine Inch Nails: "We think we climb so high, All up the backs we've condemned, We face our consequence, This is the beginning of the end" Just purely from his resume, Bryan looks like a... — read more
Monish gets more power.
Today’s announcement…. You all are in for more trouble ahead.
Stock below 100
Was close to 150 this time last year. Next stop 85
What happened? From first to worst.
3M was a phenomenally successful company for more than 100 years. Our company grew consistently and increased dividends for 66 years. People hoped and wished to join the company - many applied and only a small percent were accepted. Sales... — read more
More cuts in Q3 to be announced
With the severe slowdown especially in China demand, it looks like 3M will be having another round of job cuts. Any guess of the numbers to be announced in the next earning call - i.e. on top of the 2,500 + 6,000 announced this year??
This Page is being Monitored
They Are watching us. Terrible Company. Glad i left🫠
The real talent is mostly gone
All the good employees, the ones who really mattered, left a long time ago. The ones who are still hanging around are just going through the motions (that's what I've been doing, waiting for retirement) or are basically unemployable anywhere else... — read more
It's Gibbons time for CEO!
Stock under 100. No more dead cat bounces. Peter will get the Healthcare spin done and over with Pronto. Lavwrs will be a Saver of the new company (need to cut another 20 percent to make it bloom). And finally GESPP may have a prayer to get back in... — read more
PFAS - Existential Threat to Our Health (3M Lawsuits)
At this time, scientists are still learning about the health effects of exposures to mixtures of different PFAS. One way to learn about whether PFAS will harm people is to do studies on lab animals. Most animal studies have tested doses of PFAS... — read more
Cancer: The PFAS Connection
Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more
Any update on Wonewok sale?
Haven't heard anything since May. Are Peter and Dom going to have Kearney do a 100 page analysis for possible marketing strategies? Maybe by then the two will have enough pocket change to buy it at fire sale prices.
3M Earplug Lawsuit News
August 16, 2023 The latest case count in the MDL is 259,385. New cases are still being filed, and cases are being dismissed, keeping the total number of cases relatively steady. Judge Rodgers dismissed more cases yesterday, so the actual number is... — read more
PFAS & PFOS LINK TO CANCER
Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more
Yuck
Just listened to Gibbons town hall. Just yuck.. please leave and take all your new hires.
Promote Gibbons to CEO now!
Share price under Mike has dropped to 100 again. Only Gibbons has the guts and vision to cut out the fat (overpaid and co--y MTE roles needed to be cut by 50 percent or more). Kearney has clearly helped this company realign and energize the mess Pete... — read more
Why do you work at 3M?
Curious why folks still work here? Why not go somewhere else? Thanks!
Is Vale still an option as remainco CEO?
Haven't heard much on the legal front since the bombshell revelation and termination in May. I'm beginning to wonder if the cops used entrapment style tactics and are now in hot water with the judge. Vale getting off without a trial would boost his... — read more
Salary range
Does anyone know the salary range for directors, vp‘s and svp‘s? We have so many of them…
PFAS & PFOS LINK TO CANCER
Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more
A deep dive into our CFO
There has been many a topic devoted to our beloved CFO....MoPo, Money Potti, Moneyish...or whatever you might prefer to call him. Consensus is that he is not a popular figure in 3M and his decisions have led to lot of angst in the last few years... — read more
Cut with the suspense. Just promote Gibbons
It's obviously Monish didn't wow the board during his finest hour of cutbacks. Lavers is clearly Healthcare CEO. With Vale gone, time for the board to hire the most decisive guy left: peter. Like Gibbons or not, he is passionate and decisive and... — read more
Consumer Townhall
How about a little honesty and just tell us that there needs to be cost cuts. I have never heard so much Bullsh-t made up. Karina is amateur hour on stage. Nothing has changed even with different leaders and different division names. Having us... — read more
STRIKE STRIKE STRIKE
after 10 years of low pathetic pay rises and successive managers saying employees are well paid, the worker bees of Bangor, UK will be going on strike in August. Management have been ignorant and tone deaf to the plight of just how badly paid... — read more
Jet Tracker - Special Update - Aug 11
(Note: This site ate a first version of this post for some reason, re-posting) 3M jets have been really busy in just the last few days, something is up. This is the most intense 3M jet traffic I've seen since we went down to 3 jets. All of the... — read more
Special Update - Unusual Jet Activity
Just a heads up, something is happening with the jets. This is the most concentrated jet activity I've seen in a while, if ever with only 3 jets. My guess is an in-person board meeting, but that is a blind guess. The stops in just the past few... — read more
3M Red Wing Fall Protection
Horrible event in Red Wing 3M plant. This plant has been a sole producer of Fall protection for many regions of the world. My daughter was hired for a summer contact role and was eliminated 3 weeks early for unknown reasons. While I think full time... — read more
Wee Pete sleeps on his soapbox
Wee Pete loves talking $hite, saying this company is a sleeping giant, he will say whatever he likes and honestly he believes his own hype, but what hype, he sold a few cups of coffee and a few tyres extra,now he is getting millions for himself as... — read more
3M employee health decline
Ever since the last round of cuts, I have seen emails at all hours of the day (and night); additionally, I keep hearing employees from plants and from corporate suddenly talking about their declining health. This doesn't seem like just normal... — read more
Middle Management
What do they actually do all day? I thought 3M was restructuring yet they're all still lingering? I laughed when a coworker said 3M meant Micro-Manage and Meetings. Funny but true. Can we clean house on some wasteful jobs in the plants already? Buy... — read more
3M shares retreat to below $100
Despite beating Quarter results, its share price is retreating back below $100. Get out while you can.
Does anyone not use Everyday Wins?
Does anyone not use their Everyday Wins points? It appears it gets added as part of gross income, with offsetting Journal entries on your paycheck stubs, but also expires. The Dept of Labor & Industry has indicated this is a form of wage theft.
GSC changes to report into US
I am seeing and hearing more and more scenarios where GSC employees are now reporting directly into US businesses and dotted line into GSC management. Has anyone else been noticing this?
LinkedIn Propaganda
Is 3M paying people to post 3M propaganda articles on LinkedIn? It seems that various people I am connected with are sharing all sorts of positive 3M content on their page everyday. Based on the text shared, it seems scripted and not written by the... — read more
NEW LAWSUIT - South Carolina attorney general files lawsuit against companies over toxic ‘forever chemicals’
South Carolina Attorney General Alan Wilson filed a lawsuit against several companies, including 3M and DuPont, over toxic “forever chemicals” known as PFAS. According to a press release from Wilson’s office, PFAS are unnatural, synthetic chemical... — read more
the dying embers are going out
When 3M splits into two via th spin-off, there are several factors that can influence the share prices of the new companies (the "RemainCo" and the "SpinCo"): Initial Reaction: Initially, when the spin-off is announced, there could be uncertainty... — read more