| | Business Summary | | Minnesota
Mining
&
Manufacturing
(3M),
an
integrated
enterprise,
is
engaged
in
the
research,
manufacturing
and
marketing
of
products
related
to
its
technology
in
coating
and
bonding
for
coated
abrasives.
Characterized
by
substantial
inter-company
cooperation,
3M's
business
has
developed
upon
the
research
and
technology
of
its
original
product,
coating
and
bonding.
This
process
consists
of
applying
one
material
to
another,
such
as
abrasive
granules
to
paper
or
cloth
(coated
abrasives),
adhesives
to
a
backing
(pressure-sensitive
tapes),
ceramic
coating
to
granular
mineral
(roofing
granules),
glass
beads
to
plastic
backing
(reflective
sheeting)
and
low-tack
adhesives
to
paper
(repositionable
notes). | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MMM
manufactures
and
markets
pressure-sensitive
adhesive
tapes,
abrasives,
and
specialty
chemicals.
MMM
also
markets
electrical
and
telecommunication
products,
medical
devices,
office
supplies
and
major
automotive
parts.
For
the
six
months
ended
6/30/01,
revenues
decreased
1%
to
$8.25
billion.
Net
income
decreased
32%
to
$655
million.
Revenues
reflect
unfavorable
effects
of
a
strong
U.S.
dollar.
Earnings
also
reflect
increased
material
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| W. James McNerney, Jr., 51
Chairman,
CEO | -- | -- | Ronald Baukol, 63
Exec.
VP - International Operations | $1.9M | $2.2K | Harry Andrews, 57
Exec.
VP, Electro and Communications Markets | -- | -- | John Benson, 56
Exec.
VP - Health Care Markets | 1.4M | 224.2K | Moe Nozari, 58
Exec.
VP, Consumer and Office Markets | -- | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mmm.gif)