Bayer CEO: Corporate bureaucracy belongs in the 19th century. Here's how we're fighting it [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
There's the ongoing–and unjustified–litigation around glyphosate, an essential herbicide that environmental regulators in every major country have assessed as safe. We have a high debt, and we are experiencing the loss of patents on some of our most important medicines. We're at a crossroads in our 160-year history. Bayer has a portfolio of strong and meaningful businesses in health and nutrition–but the problems outlined above are real. They've come to a head in my first year with the company. Adverse jury decisions and a pipeline setback have sent the share price to a nearly 20-year low. It's clear we need to get back to value creation. That means resolving the litigation, addressing the debt, and rebuilding the pipeline. Those are essential to-dos for my management team and me. However, there's another sinister force weighing on the company's strategic options. Bureaucracy has put Bayer in a stranglehold. Our internal rules for employees span 1,362 pages. We have excellent pe
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