MINNEAPOLIS — 3M's beleaguered executives are facing perhaps the most significant set of challenges in the company's 121-year history.
The Maplewood-based industrial giant, one of Minnesota's most storied companies, is hobbled by litigation, slowing sales and a stock price cut in half over the past five years. Thousands of jobs are being shed. The company's prized dividend payment may soon shrink, affecting not just Wall Street investors but 3M retirees and employees.
Its promised turnaround is taking too long for some investors who are losing patience with 3M and its leaders.
