Why This Powerhouse Shouldn't Have Booted Its CEO

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The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Brendan Byrnes and technology editor and analyst Andrew Tonner discuss topics across the investing world.

In today's edition, Brendan and Andrew discuss 3M and its change in leadership. CEO George Buckley, despite not wanting to leave, will retire and be replaced by current COO Inge Thulin on June 1. While this doesn't materially change Brendan's opinion of the company -- Thulin is expected to lead the company much the same way Buckley did -- he does think that Buckley deserved to stay on after admirably leading the company through the recession. Where does 3M now rank on Brendan's list of best conglomerates for your portfolio?

We still think 3M is a solid long-term play for the future, but our chief investment officer has found a stock that has us even more excited. This stock has so much promise that we've dubbed it: "The Motley Fool's Top Stock for 2012." We've created a special free report for investors to uncover this soon-to-be rock star. You can get instant access to the name of this company by clicking here to download it now.

At the time this article was published Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above.Motley Fool newsletter services recommend3M Company. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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