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.”
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."