Bayer’s new chief executive Bill Anderson has launched a “re-design” of Bayer that will see layers of management stripped out by the end of next year, with “95% of the decision-making [shifting] from managers to the people doing the work.”
In a frank assessment of the group during its third-quarter results update, Anderson said Bayer is “not happy with this year’s performance,” adding that “nearly 50 billion euros in revenue but zero cash flow is simply not acceptable.
