In a bid to claw back $2.15 billion, the struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company’s 1,362-page corporate handbook, allowing nearly 100,000 employees to self-manage.
the company is going boss-less, or as he calls it, moving to “dynamic shared ownership.”
wtf is dynamic shared ownership do the workers own the company or not?
This isn't ownership of capital. Creating value for someone else is unchanged.
This is all corporate speak, the words don't actually mean what he's saying. "Dynamic" is corporate speak for "undefined shit", and "shared" means "it's your problem," and "ownership" means "your responsibility." So, "dynamic shared ownership" is "undefined shit is your problem and responsibility."
i'm seriously confused by the framing here. Bayer is a publicly traded company. removing some levels of the hierarchy isn't worker-management. unless the workers can, for example, vote to remove Anderson, this is just power consolidation by the top execs and the board of directors.
It's the typical 'Privatization and concentration of profits, socialization of costs and responsibilities.'
Yeah but corpo speak doesn't need to concern itself with actual meanings of words. So long as they confuse you enough to let them slide their hand in your pocket they are happy to be scolded on using language incorrectly.
I hope this means we get like entire divisions that the company forgets it has and so people can do nothing and get paid their salary because nobody higher up remembers they exist and the bookkeeper who would notice the pay going somewhere was also let go.