Excerpt from The Street interview with Dave Cote. Link for full article is at end of excerpt. Interesting how far away from his 'legacy' he has slid.
TheStreet: What would you like your legacy to be after serving as CEO of Honeywell for so long?
Cote: "Well, I will go back to 14 years ago when believe it or not, I was asked that same question. I said then three things that I would like to be remembered for, which still hold true today.
First, I would like anyone who was associated with me to say you know, I made a lot of money when that guy was running the place -- whether I was a supplier, customer, an employee, an investor, someone on the management team.
Second, I want Honeywell to be perceived as a place where other companies tried to get our guys because we were recognized as having good leaders. But by the same token, it was tough to get our guys because they really liked it here, not just because they made a lot of money but because of the career path and growth in personal characteristics they would get.
And finally, I would like to own a bunch of my shares 10 years after I leave and have them worth significantly more than when I left, because I set up the people and process in a way that allowed for things to just keep going well. I didn't want it to ever be something where people looked and said they did well when I was leading Honeywell, but it doesn't seem like anyone else could run the place. I want it be where they continue to make money because whoever my successor is, they end up learning how to do it the same way, so in effect Honeywell just becomes this machine and the team stays hungry"
How far has he fallen...
https://www.google.com/amp/s/www.thestreet.com/amp/story/13533183/1/honeywell-ceo-here-s-what-i-want-my-legacy-to-be.html?client=safari