From yahoo finance message board :
What kind of mess is 3M in now with their legacy leadership? The last guy did nothing to grow the company and this guy doesn’t seem like he knows what to do either. They just keep managing it as they have which isn’t working!
Another comment :
Time for new leadership? This company seems to be going nowhere fast. Bring in someone with a fresh and honest prospective of what this company needs. Its not more of the same, that’s for sure
From yahoo finance. Nice summary of current crisis in 3M.
This company doesn’t seem to be able to figure out their top line sales growth woes. I am not close enough to understand it but can’t recall where MMM has announced anything new, significant or game changing in terms of new product introductions? They invest a lot into R & D so what’s missing? Eventually it has to deliver a return, right? I just don’t think their model of the past is working today? They used to be very close to their customers understanding what they want and need. I wonder if that is still the case and could be the reason for the lack of innovative products?
Will creating more VP level positions return this company to growth
the stock has plunge from its peak of ~$258 to right now ~$155
All the experienced executives have been let go with lucrative golden packages. Those remaining are picking up the mess.