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Fortune
Fortune
Ryan Hogg

REVEALED: Bayer ceo says attrition has fallen after getting rid of bosses - The Real Truth

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.

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