BUSN 115 What are the responsibilities of Dave Cote
After reviewing the background section on Honeywell’s history and the turnaround led by Dave Cote from 2002-2008, what do you think went wrong with the way the management team handled the 2001 recession?
How was Cote able to achieve Honeywell’s turnaround?
What was at stake for Honeywell during the Great Recession?
What do you think Cote was most concerned could go wrong?
What are the responsibilities of Dave Cote and Honeywell to investors and employees during the recession?
Which should Honeywell use – layoffs or furloughs – if it needs to make employee reductions as part of its recession response?
Which, if any, of the additional employee hiring, compensation and benefit adjustments should Honeywell NOT make to reduce workforce-related costs? Why those and not the others?
If you were the CEO of Honeywell, would you accept a bonus for 2009?