Thread regarding Honeywell International Inc. layoffs

Barron's article on new CEO

Honeywell Is Getting a New CEO. What He Has Planned for the Industrial Giant.

https://www.barrons.com/articles/honeywell-stock-price-investor-day-adb5b953?siteid=yhoof2

Doesn't seem he has a vision when he was asked the question why he got the job. Reply - “The biggest contributing factor has been my experience and delivering results.”

He then committed to doing 1-5B sized deals. Based on HON's track records (Intelligrated, for example), those targets (i.e., victims) would be torn apart and ruined.

What has VK done in the 34 years really? Linkedin has his profile, not that impressive. He was on a rocket the last few years very much aligned to DA's rise. My conclusion is more of the same DA in coming years under VK, or worse.

If you know more please share.

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Post ID: @OP+1mAzXJTc

9 replies (most recent on top)

VK has to feed his Indian brethren who are willing to work for $30 dollars an hour.

His yearly bonus is tied to margin increase.

Developing technology take years, and then you have to sell it.

Thus the easiest thing to do, is to REDUCE COST: => Offshore jobs to India

All Indian leaders across the US industry have one strategy: Offshore to India, get bonus, cash stock option and get out.

Have seen any Indian CEO who has created new technology, like Jeff Bezo or Elan Musk.

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Post ID: @ngzr+1mAzXJTc

The answer lies in just changing one letter of his name. Do that and what do you get? Kaput!

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Post ID: @3wep+1mAzXJTc

Here's what I expect to see from our new CEO. High cost plants will be relocated to low-cost regions. So the right to work states, states that have really low taxes, and really cheap labor. These will be the places are military contracts will be built in.
The aerospace commercial business. They'll probably move that to Mexico. They'll get a free lunch and work for about three bucks an hour.
I can't wait for the fun to begin!

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Post ID: @2jxk+1mAzXJTc

Remember that Barons is not a real journalism outlet. They do articles for hire. Companies pay them to create positive press.

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Post ID: @2dcy+1mAzXJTc

He has a plan alright. Maximum Bonuses
Money Money Money...for himself of course. Building that golden parachute.

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Post ID: @1kii+1mAzXJTc

Honeywell will be half the size or less within 5 years.

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Post ID: @1zyw+1mAzXJTc

VK has neither the capability or inclination to turn the ship around.
He will follow the same path as DA stripping the business to short term maintain stock price. He is already guaranteed a very comfortable retirement, the rest is irrelevant.

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Post ID: @ysm+1mAzXJTc

Offshoring and removal of the worker's livelihood is the path.

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Post ID: @iwj+1mAzXJTc

100% guaranteed worse for the employees.

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Post ID: @ouf+1mAzXJTc

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