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3M CEO 2012 Compensation More Than Doubles

3M Co. (MMM) said Chairman and Chief Executive Inge Thulin's 2012 compensation more than doubled after his promotion last year from chief operating officer.Mr. Thulin's salary, performance bonus, stock and options awards and executive perks totaled $14.8 million, compared with $5.36 million in 2011, according to 3M's annual proxy filed Wednesday with the U.S. Securities and Exchange Commission. George Buckley, who retired from the St. Paul, Minn., company June 1, received $7.92 million last year.Mr. Thulin, 59 years old, recorded big increases across all compensation categories, reflecting his elevation to CEO in February 2012. His base salary rose 63% to $1.22 million. His non-equity bonuses based on the performance of the industrial conglomerate rose to $1.99 million from $690,084 in 2011. He also received restricted stock shares and stock options worth $7 million on the day they were granted, compared with stock and options awards worth $2.4 million the year before.Executive perquis...

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  1. 3M, U.S. manufacturers sound warning on Europe

    By Scott Malone and John D. StollDiversified manufacturer 3M Co <MMM.N> sounded a warning on Tuesday, telling Wall Street that Europe's brewing debt crisis and weake...

  2. 3M Shares Dive on 3Q Earnings Dud, Lowered Guidance

    Diversified manufacturer 3M (NYSE:MMM) disclosed on Tuesday an unexpected 1.6% decline in third-quarter profits amid the slowing European economy, triggering a 6% di...

  3. 3M Shares Dive on 3Q Earnings Dud, Lowered Guidance

    Diversified manufacturer 3M (NYSE:MMM) disclosed on Tuesday an unexpected 1.6% decline in third-quarter profits amid the slowing European economy, triggering a 6% di...

  4. Consumer markets hurt some industrial earnings

    By Nick Zieminski and Scott MaloneNEW YORK/BOSTON (Reuters) - Disappointed investors dumped shares of several large U.S. industrial and transport companies after the...

  5. 3M Slips as 2Q Earnings Fail to Impress

    3M (NYSE:MMM) reported in-line second-quarter profits and upped the low end of its earnings forecast on Tuesday, but the maker of Post-Its and dozens of other produc...

  6. Two more top executives retire as 3M mulls CEO's future

    By Scott MaloneBOSTON (Reuters) - Cross two more names off the list of 3M Co <MMM.N> insiders who could succeed George Buckley as chief executive if he steps down wh...

  7. Is This New Fund Profiting at Taxpayers' Expense?

    Washington Examiner's Tim Carney and Acacia Research CEO Paul Ryan on the conflicts of interest regarding some of the Department of Energy’s subsidies of green energy companies.

  8. 3M's 4Q Profit Tops Wall Street Expectations2

    3M (NYSE:MMM) revealed fourth-quarter results on Tuesday that narrowly beat Wall Street ’s expectations, but the diversified manufacturer’s stock slipped on concerns...

  9. 3M Looking for CEO Replacement: Report

    Industrial conglomerate 3M (NYSE:MMM) is considering replacing its CEO George Buckley earlier than expected and is currently looking at internal candidates for the p...

  10. BoE Keeps Rates Steady, Makes no Change to QE

    The Bank of England voted to make no change to its monetary policy this month, in a widely expected decision as it waits to see how much growth next year suffers fro...

  11. UK Aug services PMI falls to 16-month low

    * Sterling weakens, analysts see double-dip recession risk (Adds analyst and market reaction)By David MillikenLONDON, Sept 3 (Reuters) - British service sector activ...

  12. 3M to pay $230 mln for Israel's Attenti

    NEW YORK (Reuters) - Diversified U.S. manufacturer 3M Co said it would pay $230 million in cash to buy Israel's Attenti Holdings SA, which makes technology used to r...

  1. 3M, Honeywell set takeovers to expand product lines

    3M Co and Honeywell International Inc signed separate takeover deals to expand their broad lineups of industrial goods at a time of uncertainty for the U.S. economy,...

  2. Hitachi Gives Outside Directors Majority On Board

    In a rare move for a Japanese company, Hitachi Ltd. said Tuesday it is making outside directors a majority of its board members. The new 13-member board will have se...

  3. 3M Reveals Buckley Successor

    Diversified manufacturer 3M (NYSE:MMM) announced Wednesday the selection of Inge Thulin, the company's chief operating officer, to take over for retiring longtime CE...

  4. Stocks Edge Higher as Traders Eye Greek Developments

    FOX Business: The Power to ProsperWall Street ended the day only slightly higher as traders remained wary of taking big bets with debt talks in Greece dragging on fo...

  5. Greek Hopes, Earnings Lift Stock Futures

    FOX Business: The Power to ProsperA report that the European Central Bank may take steps to ease Greece's debt load, coupled with several strong corporate earnings r...

  6. 3M Shares Higher on 4Q Profit

    3M (NYSE:MMM) reported stronger-than-expected fourth-quarter profit on industrial and transportation growth and reaffirmed its fiscal view, sending its shares higher...

  7. 3M Affirms Outlook, Predicts Stronger 2012

    3M (NYSE:MMM) affirmed its full-year earnings view on Tuesday and revealed an outlook for the upcoming year that generally surpasses Wall Street expectations.  The S...

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