Eugene David
...The One-Minute Pundit

Saturday, August 30, 2003


I see from the latest exercise in business puffery called Barron's that one of LEGENDARY WELCH's pupils is "thriving" at 3M. How do they know? Well, he gave it a dose of Six Sigma, fired people, lots of people, changed the corporate name from Minnesota Mining and Manufacturing (somewhat obsolete and long-winded, I'll admit) to yell, I RUN THIS COMPANY!!!!!, and ran up the stock. Only the sales -- er analysts think it's run up too much. Unfortunately, with Barron's, when it predicts A, what usually happens is 3M to Z.

Oh Little Jeffrey! There's something wrong with your Six Sigma page. Think we should fire some people?

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