Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Ryan Hogg

Bayer CEO says attrition has fallen after getting rid of bosses

Photo of Bill Anderson (Credit: Krisztian Bocsi—Bloomberg via Getty Images)

Faced with huge debt, the impending expiry of a crucial patent, and ongoing litigation over a horror acquisition, Bayer CEO Bill Anderson made a bold move a year ago to get his damaged company back on track: do away with managers and have employees self-organize.

Nearly 12 months later, green shoots may finally be appearing following a desperately dark time for the German group that invented aspirin.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.