Full Confidence In Honeywell's Managers
In my interview with your reporter for your recent story "Not so sweet times at Honeywell" (The Corporation, Feb. 20), I stated the board's consensus view that Honeywell Inc. management has performed well in a very tough environment. I confirmed our confidence in their leadership and their ability to expand the company, improve margins, and increase shareholder value.
I would have thought an on-the-record statement from the director who oversees the board's evaluation of top management would discredit a comment from an unnamed source saying that directors have put senior management "on notice." Since you chose to use it anyway, let me say again that it simply isn't true.
James J. Howard III
Chairman and CEO
Northern States Power Co.
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