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As I keep mentioning, I worked as a contractor inside Honeywell for 5+ years. My experience of my immediate team was mixed: some very good people, some total m
by fatbird 1y ago
As I keep mentioning, I worked as a contractor inside Honeywell for 5+ years. My experience of my immediate team was mixed: some very good people, some total morons. My experience of the organization was uniformly terrible. Absurd company-wide requirements for security checks, code quality verification, financial controls. Insane restrictions on product development to use X technology or integrate with Y unit's product. Billions wasted on their IIoT play that got rebooted after several years (and the billions I saw wasted wasn't its development, it was moving everyone in the company onto and off it again ["offboarding"]).
In that time, the stock price went up, and Honeywell went back on the Fortune 100. Just zero relationship between productivity or effectiveness within the company and the stock price.
- whatshisface 1y ago>Just zero relationship between productivity or effectiveness within the company and the stock price. Losing billions of dollars doesn't keep you off the Fortune 100, only losing billions of dollars more than the other companies people could invest in.
- lotsofpulp 1y agoNominal stock price going up does not mean anything (nor does Fortune 100), it could just be a function of the decreasing purchasing power of the currency. 5/10/15/20 year annual Honeywell returns are 9.74/10.29/14.03/11.78%. SP500 is 14.69/13.80/14.42/10.57%. I would characterize Honeywell as treading water until 2011, and since then they have been losing. https://dqydj.com/stock-return-calculator/?ticker=HON https://dqydj.com/stock-return-calculator/?ticker=HON https://dqydj.com/sp-500-return-calculator/ https://dqydj.com/sp-500-return-calculator/