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3M's Key Manager Dismissal: Unveiling the Impact and Implications

3M's Key Manager Dismissal: Unveiling the Impact and Implications

Last week, beleaguered industrial conglomerate 3M (NYSE: MMM) dismissed recently installed Group President and Chief Business and Country Officer Michael Vale due to "inappropriate personal conduct and violation of company policy." Vale was arguably the second-most-important executive at the company, but does his departure significantly impact the investment case for the company? Who is Michael Vale?