Pharmaceutical giant Bayer is getting rid of bosses and asking staff to ‘self-organize’ to save $2.15 billion
CEO Bill Anderson says he doesn’t want it to be a “lame” company, but its stock has still tanked 50%.
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- Thread starter pete
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I'm not sure how he's defining bosses, but if you took the MBAs out of my place I'm not sure that would be a bad thing.Pharmaceutical giant Bayer is getting rid of bosses and asking staff to ‘self-organize’ to save $2.15 billion
CEO Bill Anderson says he doesn’t want it to be a “lame” company, but its stock has still tanked 50%.fortune.com
It might be the Mondragon Corporation - Wikipedia but there's places that rotate rank and file workers through management positions on a 18 month cycle or something. Meaning management actually understands what the engineers are doing, and therefore what's going on, which I don't think is a bad idea.
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GARYXKNIFEDX
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So Bayer made Zyklon B, invests in Israel, their Round Up weed killer is subject of cancer litigation, Bayer owns Monsanto (didn't know that), their stock value has tanked since last year and Bayer's CEO uses the word "lame" in an inappropriate dated way.Pharmaceutical giant Bayer is getting rid of bosses and asking staff to ‘self-organize’ to save $2.15 billion
CEO Bill Anderson says he doesn’t want it to be a “lame” company, but its stock has still tanked 50%.
But they own Xabi Alonso's fussball team who just won their first Bundesliga and they are restructuring and firing thousands of unnecessary corporate lackey managers. So even Bayer has some good points.
What boggles my mind is that following the first point, not only did Bayer have the audacity to buy their way out of their guilt but Israel took their money.
I knew the IG Farben story but the Israeli connection was new to me. There is a good book about the history of aspirin that covers Bayer in the early 20th century, as they are the first modern pharma company as they developed aspirin and built their empire from there.Bayer in Israel is a 21st Century development.
Along with Bayer other huge Rhineland multinationals involved in IG Farben manufacturing Zyklon B and Nazi slave labour included BASF, whose blank tapes were highly favoured back in the day, before BASF being refounded in early 1950's
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