Friday, July 23, 2010

3M MMM Sharehoder Incentive Perk

3M (MMM aka Minnesota Mining and Manufacturing) annually during Christmas time mails out a box of free samples to their shareholders. The following is 3M's proactive policy of their employees: "Giving people room" to innovate is a 3M tradition, exemplified by the "15% rule" which encourages people to spend 15 percent of their time on projects of their own choosing and initiative. 3M releases on average 500 new products per year and produces over 60,000 products. It's premiere product, the Post-IT note is well known and beloved across the world helping the every day student study to the corporate world of document management. 3M is nearing it's 52 week lows which means a great time to buy for the beginning and long term investor to purchase this stock on the cheap.