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Robert S. Morrison is the former interim CEO of 3M Company and has had a notable career in the consumer goods sector. Before stepping in as CEO in 2005, he served as Vice Chairman at PepsiCo and as CEO of...

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Robert S. Morrison

Ex-CEO of 3M

Education

B.S. in Business Administration from the University of Michigan

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

June 7, 1941 - 83 years ago

CEO of 3M for

0 years 6 months (Jun 2005 - Jan 2006)

Previous Experience

Retired Vice Chairman of PepsiCo

Holdings

See how much did Robert S. Morrison make over time.

During his time at 3M, Robert S. Morrison held stock options amounting to about 92,632 shares. At his peak in 2005, his holdings were valued significantly, driven by his performance-linked compensation strategy. Over the years, his stock options were designed...

Mar 17, 2025

Insider Trading

See recent insider trades of Robert S. Morrison.

AON

1,209 shares

AON

Jun 23, 2017

Received

ITW

$17.17K

ITW at $139.60/share

May 5, 2017

Received

ITW

$44.91K

ITW at $127.21/share

Feb 3, 2017

Received

ITW

$45.04K

ITW at $114.02/share

Nov 4, 2016

Received

ITW

$44.98K

ITW at $116.84/share

Aug 5, 2016

Received

AON

1,539 shares

AON

Jun 24, 2016

Received

ITW

$179.83K

ITW at $104.19/share

May 6, 2016

Received

ITW

$44.93K

ITW at $90.41/share

Feb 5, 2016

Received

ITW

$45.11K

ITW at $92.62/share

Nov 6, 2015

Received

ITW

$44.92K

ITW at $89.30/share

Aug 7, 2015

Received

Compensation History

See how much did Robert S. Morrison make over time.

In 2005, during his time as interim CEO of 3M, Robert S. Morrison reported total compensation of $2.88 million. This comprised a salary of $1.2 million, alongside a performance-based bonus of $1.44 million. Additionally, he received a significant one-time payment of about $4.1 million, compensating him for the bonuses and long-term incentives he lost from PepsiCo. His compensation package included stock options allowing him to purchase shares of 3M, showing a strategy aimed at incentivizing performance. However, in 2006, after his interim role, his compensation dwindled to just $170,000 for that year, with no stock grants or options reported, highlighting the volatility that can come with interim positions.

Year

2006

Total Compensation

$170.00K

Salary

$170.00K

Board Justification

3M's compensation philosophy emphasizes competitive compensation tied to performance and growth, aligning executive interests with those of shareholders.

Bonus

$0.00

Board Justification

No specific bonus was mentioned for Mr. Morrison in 2006; however, he received a cash payment of $4,117,500 to replace the annual bonus and long-term incentive compensation forfeited from his previous employer.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Morrison in 2006.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were reported as vested for Mr. Morrison in 2006.

Performance Metrics

Performance metrics for Mr. Morrison's compensation were not specified in the proxy statement.