Nouvelles sociales du monde 3M

 

Une page qui tend à montrer que tous les salariés du monde 3M

ne sont pas forcément logés à la même enseigne.

 

 

>>>>>>> IL FAUT QUE LES REMUNERATIONS SOIENT COMPETITIVES

                 PAR RAPPORT AU MARCHE

 

Les pauvres membres du conseil d'administration de 3M ont constaté à l'occasion du départ

de leur patron que leur rémunération n'était plus compétitive par rapport au marché.

Il ont donc réajusté  ... d'une petite moyenne de 18 % !!

 

Nous espérons que tous les salariés de 3M France, qui ont eu une augmentation inférieure

à l'inflation en 2005 (ils sont nombreux...) , comprennent bien que c'est justement parce qu'ils

ont une rémunération supérieure au marché qu'ils participent au rattrapages de rémunération

des membres du "board".

Il serait dommage que cette situation engendre des frustrations .

Nous espérons que cela permettra de moins recourir à l'intérim dont les coûts sont en forte

augmentation aux US ces temps ci .

 

 

Source: (extrait)

"12-Aug-2005

Entry into Material Agreement, Financial Statements and Exhibits

Description of Exhibits:

10.1 Description of Changes to Non-Employee Director Compensation

 

On August 8, 2005, the 3M Company (the "Company") Board of Directors, on the recommendation of the Nominating and Governance

Committee, approved changes in the non-employees directors' compensation effective July 1, 2005. The changes provide that the cash

portion of the annual retainer increases from $55,000 to $75,000 and the additional annual retainer paid to committee chairs increases

from $7,000 to 15,000. The portion of the annual retainer payable only in the Company's common stock remains at $95,000.

These changes are intended to keep the directors' compensation competitive.

Other elements of directors' compensation remain unchanged.

 

The following table shows compensation payable to non-employee directors before and after this increase:

  

                                                                                                Before              After

                                                                                              Increase            Increase

Portion of the Annual Retainer Payable in Cash             $         55,000    $         75,000

Portion of the Annual Retainer Payable Only in

Common Stock                                                            $         95,000    $          95,000

Total Annual Retainer                                                   $       150,000    $        170,000

 

Additional Annual Retainer for Committee Chairs          $           7,000    $          15,000

 

 

>>>>>>> LES SALAIRES DE L'INTERIM EN CONSTANTE

                 AUGMENTATION 

 

Mais c'est aux Etats Unis que ça se passe...

 

Source: (extrait)

 

"Interim 3M CEO gets $1.2M salary   Friday August 12,

 

Robert Morrison will receive a salary of $1.2 million, plus profit sharing and stock options, for serving as 3M Co.'s interim CEO,

according to a filing with the Securities and Exchange Commission on Friday.

 

Morrison, who took charge at 3M after James McNerney left to become CEO at Boeing Co., will receive profit sharing

designed to pay $1.4 million, depending on company performance.

 

Morrison, a director for the Maplewood-based company since 2002, was also granted stock options with an annual value of about $3.5 million,

according to the SEC filing. The options, which will be granted on a quarterly basis, are exercisable for a 10-year term and vest in annual installments

over a three-year period.

 

On Monday, Morrison received options to purchase 48,396 shares of 3M common stock at $72.65 per share -- his first options under the plan.

The company's stock (NYSE: MMM - News) was trading down slightly at $72.15 Friday afternoon.

 

Under the plan, Morrison will not participation in the company's pension plan and will be considered retired when a new CEO is named.

 

While serving as interim CEO, Morrison is also entitled to reimbursement of "reasonable" temporary housing costs, the use of company

aircraft and a company car with a driver. 3M will also cover any income taxes resulting from those perks.

 

Morrison's regular pay as a nonemployee director has been suspended while he serves as CEO.

Published August 12, 2005 by The Business Journal"

........." 

 

>>>>>>> DEPART SURPRISE

 

Jim Mc NERNEY quitte 3M ... par surprise ... et pour de bonnes raisons

(53 millions de bonnes raisons ).

Il est néanmoins triste de quitter 3M. Nous compatissons.

Nous sommes néanmoins heureux de ce départ: il est bon pour lui car

outre les 53 millions de bonnes raisons, il acquiert une nouvelle vision des relations

sociales et découvre que les syndicats, ça existe, les grèves aussi.

C'est aussi bon pour l'Europe. Pendant que Boeing est en grève, Airbus......

 

 

                                                      Encore merci Jim

 

Source: (extraits)

 

 

"New Boeing chief gets $53M pay package  Friday July 8 

The Boeing Co. put together a $53 million package to hire incoming Chairman and CEO James McNerney away from 3M Co.

The package includes an annual base salary of $1.75 million and $25.3 million in stock awards to replace what he would have

received as 3M's CEO.

 

The deal also includes a bonus of up to $4 million, according to a Securities and Exchange Commission filing.

                                                                          .........                                                                                    

 

McNerney: "I Couldn't Be Happier"

Leaving 3M is "very difficult," he says. But leading Boeing is the kind of job "I certainly view...as my last."

                                                                          .........

 

Many analysts said the selection of McNerney was a surprise only because he had publicly tamped down rumors in

April that he was a top prospect, saying he would stay at 3M.

  

"It was a difficult decision, a late change of heart," McNerney told analysts and reporters on a conference call

                                                                          .........

 

McNerney leaves 3M in a lurch

Analysts say insider likely to take over the top spot

By Shawn Langlois, MarketWatch Last Update: June 30, 2005  

 

SAN FRANCISCO (MarketWatch)

James McNerney's surprise jump to Boeing Thursday puts industrial conglomerate 3M in the tricky position

of finding a new chief executive to maintain the momentum built up during his brief watch.

                                                                          .........

 

 

UBS analyst Jeffrey Cianci: "  McNerney has clearly earned an 'A' grade on his report card so far," he said,

adding that he expected him to stay on and "push the new pricing button to produce higher end growth this year."

 

Cianci had plenty reason to believe McNerney would keep his hold on 3M's top spot. After all, McNerney

himself recently dispelled rumors that had been swirling for weeks about his imminent exit.

 

But the scuttlebutt turned out to be true and now 3M is left with some pretty big shoes to fill.

 

.........." 

 

 

 

 

 

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