A small dip for 3Ms first quarter earnings

Programs & Series | MPR News Feature | Topics | Business & Industry | Health & Health Care |
April 22, 2002
Andrew Haeg - Reporter
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Maplewood-based 3M today reported its first quarter earnings dropped slightly, but they still surpassed Wall Street's estimates. Analysts say deep cost-cutting and a new management program implemented by CEO James McNerney have made the company a leaner, more efficient company. A little more than a year ago, McNerney became the first outsider ever to run the company. Now he's leading a transformation that's prompting cheers from investors but jitters from employees. Minnesota Public Radio's Andrew Haeg reports.

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