Another quarter where Honeywell misses on revenue and makes their profit #!! Shareholders should be thrilled unless they realize that Honeywell continues to manipulate numbers and is delivering profit on the backs of their employees. This model can't continue long term, so I guess Cote is getting out at the right time and will leave Darius to figure it out.
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I'm basking in the wonderful realm of early retirement and have benefited from the higher Honeywell stock prices but am now divesting Honeywell stock...
Cote concluded, "We delivered outstanding returns again in 2016 with a total shareowner return of 15%, which exceeded the S&P's total shareowner return by 300 basis points. More importantly, we set the stage for a successful 2017. I am confident in our ability to continue to outperform under Darius Adamczyk. It has been an honor to lead Honeywell for the past 15 years, and I know that our best days are ahead of us."
Aerospace sales for the fourth quarter were down 5% on a core organic basis.
I knew things would fall apart when I left...hence all the desperate phone messages from former colleges needing help (that I never returned.) Quantum entanglement is a b--ch!