Pharmaceutical giant is getting rid of bosses and asking staff to self organize to claw back $2.15 billion
Favicon 
www.allsides.com

Pharmaceutical giant is getting rid of bosses and asking staff to self organize to claw back $2.15 billion

In a bid to claw back $2.15 billion‚ the struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the companys 1‚362-page corporate handbook‚ allowing nearly 100‚000 employees to self-manage. Bayer‚ the 160-year-old German company known for inventing aspirin‚ has been stuck in a rut; Its market cap has plunged to two-decade lowsspurred by its so-far disastrous acquisition of Monsantoand its CEO Bill Anderson believes that flatting hierarchy and slashing...