Greedy F*%$, 3M CEO, Michael F Roman

[boracayjohnny]

So, the news broke on Tucker at 5pm. Evidently, 3M was selling N95 masks to the highest bidder. That means plenty of foreign countries had suitcases full of cash. That also means 3M put greed in front of America and the health of Americans. The solution and rightfully so, Trump enforced the "P Act".

Twitter

[MadInNc]

Hope not to little to late.....

[Broken Wind]

Socialism and communism are horrible, but unbridled capitalism has its issues too.

[boracayjohnny]

Originally Posted by Broken Wind

Socialism and communism are horrible, but unbridled capitalism has its issues too.

I fully agree, yet, of the three, I'll take capitalism all fukking day long.

Also, I have a feeling there just might be a high level meeting or two at 3M this morning. The main topic; how the fukk do we cover our ass on this.

[Steve_R]

Long thread about this over there. It's not true.

[Aerovette]

I think it is reasonable that the quantity of exported masks since January 1st 2020, be provided domestically at no charge.

[boracayjohnny]

Originally Posted by Steve_R

Long thread about this over there. It's not true.

After reading his response, the guy is either greedy or stupid. His response was “The demand we have exceeds our production capacity”.

https://www.bizpacreview.com/2020/04...-bidder-904401

Also, I'll await another non-sourced reply.

[tjfontaine]

Former 3M guy here and still connected. Total BS. We did not raise prices on masks once damn cent. Unfortunately, we are bound by contracts to sell to DISTRIBUTORS and many of them jacked up prices. With the DPA declaration, 3M can and will sell directly to the government - AT EXISTING PRICES. Mike Roman did a press release dicussing some of the challenges of the presidents directives including cutting off sales of masks to Latin America where we are their major sources of N95 masks.

[boracayjohnny]

Originally Posted by tjfontaine

Former 3M guy here and still connected. Total BS. We did not raise prices on masks once damn cent. Unfortunately, we are bound by contracts to sell to DISTRIBUTORS and many of them jacked up prices. With the DPA declaration, 3M can and will sell directly to the government - AT EXISTING PRICES. Mike Roman did a press release dicussing some of the challenges of the presidents directives including cutting off sales of masks to Latin America where we are their major sources of N95 masks.

Did you see/hear Roman's reply?

[tjfontaine]

Originally Posted by boracayjohnny

Did you see/hear Roman's reply?

Yes - my take - he should have kept his mouth shut. No win situation to get in a pissing contest with the president.

[boracayjohnny]

Originally Posted by tjfontaine

Yes - my take - he should have kept his mouth shut. No win situation to get in a pissing contest with the president.

And Trump has been playing with sharks and cut throats in NY for a long time. This guy, Roman, may get punked all day long. Also, I'm sure there are fine folks at 3M, yet, I'm not so sure about this guy Roman. He seems to want to follow the globalists agenda. If not, he's dumb as a post by using a company originated in the US, made wealthy in the US, and putting foreign countries equal to or ahead of Americans during a pandemic. Just my .02 from some douche with an opinion looking from the outside.

[tjfontaine]

Originally Posted by boracayjohnny

And Trump has been playing with sharks and cut throats in NY for a long time. This guy, Roman, may get punked all day long. Also, I'm sure there are fine folks at 3M, yet, I'm not so sure about this guy Roman. He seems to want to follow the globalists agenda. If not, he's dumb as a post by using a company originated in the US, made wealthy in the US, and putting foreign countries equal to or ahead of Americans during a pandemic. Just my .02 from some douche with an opinion looking from the outside.

I know Mike - he's a good guy. He does not have any sort of agenda other than trying to honor contracts and do the right thing. That said, I do kind of agree with your assessement .... he'd have been WAY better off just telling the president "ok, we're on it!" .... and not making public all the reasons we CAN'T do something. Just no win in doing that ...

I can say that my fellow 3M'ers are doing EVERYTHING in their power to ramp up production of face masks and respirators. A couple years ago we got money to build out excess capacity on the face mask lines for just such an event even though company mgmt is very conservative on capital spending. Once we can get the distribution going we should have the N95 thing covered. Without the DPA, there is a good chance our distributors would have sued 3M for breach of contract selling direct to governments.

[JRD77VET]

Originally Posted by tjfontaine

I know Mike - he's a good guy. He does not have any sort of agenda other than trying to honor contracts and do the right thing. That said, I do kind of agree with your assessement .... he'd have been WAY better off just telling the president "ok, we're on it!" .... and not making public all the reasons we CAN'T do something. Just no win in doing that ...

I can say that my fellow 3M'ers are doing EVERYTHING in their power to ramp up production of face masks and respirators. A couple years ago we got money to build out excess capacity on the face mask lines for just such an event even though company mgmt is very conservative on capital spending. Once we can get the distribution going we should have the N95 thing covered. Without the DPA, there is a good chance our distributors would have sued 3M for breach of contract selling direct to governments.

Distributors should have America's interest FIRST instead of being a whore to the dollar.

[Aerovette]

If my company found out that foreign customers were getting product needed in the US, we would NOT ship to those distributors and would sell direct domestically. All of our Reseller Agreements have a clause in them that allows us to sell direct if necessary.

[tjfontaine]

New press release jointly from 3M and White house - apparently our CEO learned how to be a little more of a politician.

ST. PAUL, Minn.--(BUSINESS WIRE)--Today 3M and the Trump Administration are announcing a plan to import 166.5 million respirators over the next three months to support healthcare workers in the United States. 3M and the Administration worked together to ensure that this plan does not create further humanitarian implications for countries currently fighting the COVID-19 outbreak, and committed to further collaborate to fight price gouging and counterfeiting.

“I want to thank President Trump and the Administration for their leadership and collaboration,” said 3M chairman and CEO Mike Roman. “We share the same goals of providing much-needed respirators to Americans across our country and combating criminals who seek to take advantage of the current crisis. These imports will supplement the 35 million N95 respirators we currently produce per month in the United States.”

“Given the reality that demand for respirators outpaces supply, we are working around the clock to further expand our capacity, while prioritizing and redirecting our supplies to serve the most critical areas,” Roman continued. “We’ll continue to do all we can to protect our heroic healthcare workers and first responders, and I want to thank our 96,000 3Mers for your tireless efforts – including those in our plants and distribution centers around the world.”

3M will import 166.5 million respirators over the next three months primarily from its manufacturing facility in China, starting in April. The Administration is committed to working to address and remove export and regulatory restrictions to enable this plan. The plan will also enable 3M to continue sending U.S. produced respirators to Canada and Latin America, where 3M is the primary source of supply.

As a global company, 3M has manufacturing operations around the world to serve local and regional markets. As the pandemic unfolds in different stages around the world, 3M will continue to work with governments to direct respirators and other supplies to serve areas most in need.

Beginning in January, 3M ramped up production of N95 respirators and doubled its global output to 1.1 billion per year – including the 35 million a month in the United States. 3M has already put into motion additional investments and actions that will enable it to double its capacity again to 2 billion globally within 12 months, with additional capacity to begin coming online in the next 60 to 90 days. In the United States, for example, 3M expects to be producing N95 respirators at a rate of 50 million per month in June, a 40 percent increase from current levels.

Last week 3M announced additional actions to address price gouging and counterfeit activity related to its respirators. 3M has not changed the prices it charges for respirators, and will take decisive action against those seeking to take illegal and unethical advantage of the COVID-19 outbreak.

[tjfontaine]

A little more on the 3M situation for those willing to take the time to understand some of the complexities.

https://www.americanthinker.com/blog...fjorg1ip-RShSI

[dvarapala]

Originally Posted by tjfontaine

As a global company, 3M has manufacturing operations around the world to serve local and regional markets.

How many of them are in the US?

[Aerovette]

Originally Posted by dvarapala

How many of them are in the US?

Great. Let's bring in MORE shit from China. As a nation, are we full on FKN A#1 certifiable MORONS?

I made a meme to be funny, but it isn't really.

Buying ventilators or masks from China is like buying a fire extinguisher from the guy that just burned down your house.

g'damn IDIOTS. The Chinese are dying too....from LAUGHTER.

[tjfontaine]

The masks are made by 3M ... in China - for the china market.

[boracayjohnny]

Originally Posted by tjfontaine

A little more on the 3M situation for those willing to take the time to understand some of the complexities.

https://www.americanthinker.com/blog...fjorg1ip-RShSI

Okay, the FEMA Director for the State of Florida is trying to provide for his state. So what does 3M do? They give a song and dance. Misunderstanding? Don't give a fukk? Incompetence? All are wrong and needed a fix.

No matter the ass covering taking place which we all know companies are quick to do now, and I'd bet a new five dollar bill 3M has a P-R dept, the fact remains the handling of The FEMA Director for the State of Florida was bungled. Look, I know people at 3M are/were in a difficult spot yet don't lose sight of what's important, helping folks, read State FEMA Directors, understand why they can't get life saving PPE.