Companies are now "quiet cutting" workers. Here's what that means. Some companies are reassigning workers in a way that's sending them mixed messages. Emails informing employees that their current job role has been eliminated, but they have not been... — read more 

Experts around the world estimated this defective ear plug product was a $8 to 25 billion liability. Vets now cheated with settlement of about 30 cents on the dollar. After legal fees each vet gets only 11k for hearing loss. How did this happen... — read more 

Curious to know how much faith they have in us.

I've had more than enough of feeling like no matter how much effort I put in, it's never good enough for this place. I've finally realized it's not about the quality of my work but rather it's about favoritism from the managers. I can't change that... — read more 

$5.5B for earplugs and $12.5B for PFAS. SpinCo will give ParentCo about $7B in one time dividend/payment and the 19.9% ownership of SpinCo should be worth about $6B. That'll be about $5B short, and the smaller RemainCo won't have as much income to... — read more 

The ELT only cares about profits. They'll do whatever they can to achieve it, including making stupid decisions that will cost the company in the long run but will make them look good right now. The sad thing is, this is not 3M exclusive. Wherever... — read more 

See: https://www.wsj.com/articles/3m-earplugs-fight-stems-from-self-made-legal-battle-11658156756 So first you create this mess, then promise to settle for $1B, now it is $5.5b. How do you sleep at night?

https://www.yahoo.com/news/monkey-manufacturing-plant-3m-sued-170316366.html

3M Co. (NYSE:MMM) tentatively agreed to a more than $5.5 billion in a settlement to resolve over 300,000 lawsuits claiming the company sold the US military defective combat earplugs. Under the settlement, 3M is expected to pay out the money over 5... — read more 

https://www.fool.com/investing/2023/08/26/is-trouble-brewing-for-3m-investors/

August 24, 2023: We have not mentioned the possible 3M earplug settlement in a while, so here is our latest thoughts. The conventional wisdom is that these claims will settle sooner rather than later. We have had high hopes of a resolution before... — read more 

SEC Charges 3M with Foreign Corrupt Practices Act Violations Relating to China Subsidiary Washington, D.C.--(Newsfile Corp. - August 25, 2023) - The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5... — read more 

I know expectations are low for AIP, but what’s the current payout estimate based on performance through Q2? I thought those numbers are updated quarterly and posted internally for everyone to see.

Please be sure to join the exciting ethics conference on sept 13 that was just sent out with people I can tell as ethical as Mike Vale!

Let's just say that Mike ran the GE playbook to name his up and coming successor. He didn't have any business leaders worthy, so he ran his finance guy versus his supply chain guy. Finance guy won out, setting up potential major clashes between... — read more 

The track record for former GE leaders is that they have trouble replicating the cook-the-books-1990s-Jack-Welsh "results" anywhere else in another place and another time. At BEST you will get moderately down results like Nardelli at Home Depot in... — read more 

Well folks, it is that time - the endgame has begun. To quote Nine Inch Nails: "We think we climb so high, All up the backs we've condemned, We face our consequence, This is the beginning of the end" Just purely from his resume, Bryan looks like a... — read more 

Today’s announcement…. You all are in for more trouble ahead.

Was close to 150 this time last year. Next stop 85

3M was a phenomenally successful company for more than 100 years. Our company grew consistently and increased dividends for 66 years. People hoped and wished to join the company - many applied and only a small percent were accepted. Sales... — read more 

With the severe slowdown especially in China demand, it looks like 3M will be having another round of job cuts. Any guess of the numbers to be announced in the next earning call - i.e. on top of the 2,500 + 6,000 announced this year??

They Are watching us. Terrible Company. Glad i left🫠

All the good employees, the ones who really mattered, left a long time ago. The ones who are still hanging around are just going through the motions (that's what I've been doing, waiting for retirement) or are basically unemployable anywhere else... — read more 

Stock under 100. No more dead cat bounces. Peter will get the Healthcare spin done and over with Pronto. Lavwrs will be a Saver of the new company (need to cut another 20 percent to make it bloom). And finally GESPP may have a prayer to get back in... — read more 

At this time, scientists are still learning about the health effects of exposures to mixtures of different PFAS. One way to learn about whether PFAS will harm people is to do studies on lab animals. Most animal studies have tested doses of PFAS... — read more 

Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more 

Haven't heard anything since May. Are Peter and Dom going to have Kearney do a 100 page analysis for possible marketing strategies? Maybe by then the two will have enough pocket change to buy it at fire sale prices.

August 16, 2023 The latest case count in the MDL is 259,385. New cases are still being filed, and cases are being dismissed, keeping the total number of cases relatively steady. Judge Rodgers dismissed more cases yesterday, so the actual number is... — read more 

Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more 

Just listened to Gibbons town hall. Just yuck.. please leave and take all your new hires.

Share price under Mike has dropped to 100 again. Only Gibbons has the guts and vision to cut out the fat (overpaid and co--y MTE roles needed to be cut by 50 percent or more). Kearney has clearly helped this company realign and energize the mess Pete... — read more 

Curious why folks still work here? Why not go somewhere else? Thanks!

Haven't heard much on the legal front since the bombshell revelation and termination in May. I'm beginning to wonder if the cops used entrapment style tactics and are now in hot water with the judge. Vale getting off without a trial would boost his... — read more 

Does anyone know the salary range for directors, vp‘s and svp‘s? We have so many of them…

Our company said this stuff was harmless. A whole new wave of litigation is now expected. The link between PFAS and testicular cancer among service members was never directly proven — until now. A new federal study for the first time shows a direct... — read more 

There has been many a topic devoted to our beloved CFO....MoPo, Money Potti, Moneyish...or whatever you might prefer to call him. Consensus is that he is not a popular figure in 3M and his decisions have led to lot of angst in the last few years... — read more 

It's obviously Monish didn't wow the board during his finest hour of cutbacks. Lavers is clearly Healthcare CEO. With Vale gone, time for the board to hire the most decisive guy left: peter. Like Gibbons or not, he is passionate and decisive and... — read more 

How about a little honesty and just tell us that there needs to be cost cuts. I have never heard so much Bullsh-t made up. Karina is amateur hour on stage. Nothing has changed even with different leaders and different division names. Having us... — read more 

after 10 years of low pathetic pay rises and successive managers saying employees are well paid, the worker bees of Bangor, UK will be going on strike in August. Management have been ignorant and tone deaf to the plight of just how badly paid... — read more