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Fortune

Orianna Rosa Royle

Here's why bosses aren’t allowed to promote their direct reports at Yum China

YUM Yum China Joey Wat China Fortune Fortune Global Forum

(Credit: Rebecca Greenfield for Fortune)

At Yum China, cozying up to your boss in the hopes of winning affection and landing a promotion is futile—because even if they wanted to get you that step up the ladder, they can’t.

Managers aren’t allowed to promote direct reports at the $17.9 billion company behind KFC, Taco Bell, and Pizza Hut in China, CEO Joey Wat revealed in an interview at Fortune’s Global Forum conference in New York.

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