Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
3M, an American conglomerate company, announced on Monday, May 15, that it's group president and chief business and country officer is leaving. The Saint Paul, Minnesota-headquartered healthcare and consumer goods manufacturing firm confirmed that Michael Vale has been fired.
Vale is a long-time top executive at 3M, but he would be let go due to violations of the company’s policy. The manufacturer added that he also has a case of inappropriate conduct at the workplace.
According to CNN Business, Vale is vacating his office just a month after being promoted to group president and chief business and country officer roles at 3M. Before his departure, he has been directly reporting to the firm’s chief executive officer Mike Roman.
Some of his tasks include overseeing the safety, consumer, industrial, electronics, and transportation businesses of the company. Prior to his promotion, Vale was the president of 3M’s safety and industrial business.
In the most recent shareholder report of 3M, it was indicated that the fired executive was paid more than $1.6 million in cash per year as of April 1, 2022. He has been working at the company for over 30 years now thus, the termination and the reasons behind it were disappointing in some ways.
“3M today announced that Michael Vale has been terminated for cause from the company, effective May 12, 2023,” the company said in a press release. “His dismissal is due to inappropriate personal conduct and violation of company policy, unrelated to the company's operations and financial performance. When 3M learned of and verified the violation, it took immediate action.”
3M added, “The company has initiated a search for Mr. Vale's successor. Effective immediately, the leaders of 3M's Safety and Industrial Business, Consumer Business, and Transportation and Electronics Business report to 3M chairman and chief executive officer Mike Roman.”
Photo by cetteup/Unsplash
