Meanwhile the workers are being layoff due to poor leadership decisions
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A state of shock - to worsen as slide accelerates
I'm so thankful that I dumped all of my 3M stock in the past three years.
I've talked to many 3M people who are depending on their stocks for retirement
All are in the state of shock
Means that their past 10years of GESPP stock plan are in a loss. Even with 15% discount.
And no recovery in sight
These losers don't get the millions in comp if the stock tanks like this. Roman 'only' makes about 3 million a year with worthless options.
Mike is a figurehead. and a bad one at that. Monish and the board run this company on its way to oblivion. That man behind the curtain is monish, not invisible mike
No b.a.l.l.s to announce how many laid off
Upcoming earning call will be brutal
MR has no ba--s to say how many laid off this round
He left it to BG led decision
How many heads let go this round ?
Proverbs 4:16 …
For they cannot rest unless they have done evil; if they do not trip anyone they lose sleep.
MR received $18,000,000 in compensation last year
Despite all the disastrous decision he made to launch A3M
What a t.w.a.t.
Part of advancing beyond a certain labor grade at 3m is being able to desensitize oneself against the negative and personal effects of bad decisions, layoffs of people just years before their full pension is realized, and general malaise they created as they moved from job to job before the cr-p hit the fan. It's their core competency