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Screen Shot 2023 03 16 at 1.36.32 PMMighty 3M mired in 
mounting mgt mess

Earplug/PFAS legal issues;
& Health Care div. spinoff
distract from core focus

3M's cfo Monish Patolawala spoke with JPMorgan's Steve Tusa at its Industrials Conference yesterday. 3M's market cap is down -30% over past year, reflecting legal issues with defective miltary earplugs and PFAS chemicals. Meanwhile, it's spinning off the Health Care (25% mix) division and struggling with volume decline in its main businesses. Analysis here...

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