Bayer's CEO overhauled his corporate budget system with 90-day cycles to try to reduce bureaucracy. Bill Anderson said the inspiration came from a "radical experiment" at Genentech to kill budgets.

Bayer's CEO overhauled his corporate budget system with 90-day cycles to try to reduce bureaucracy. Bill Anderson said the inspiration came from a "radical experiment" at Genentech to kill budgets.

The annual budget process can be a parade of lengthy meetings and red tape — so one CEO decided to try something different. Since becoming Bayer's CEO, Bill Anderson has introduced striking changes to ...