Rolls-Royce CEO Fired Managers and Held Staff Brainstorms, Leading to 600% Share Price Jump

Rolls-Royce CEO fired managers and held staff brainstorms, leading to 600% share price jump

Just two years ago, Tufan Erginbilgiç, then newly installed as CEO of Rolls-Royce, gave a grim warning to the engine maker’s employees, describing the company as a “burning platform” facing its “last chance” at survival, as he lamented its track record of destroying value with each of its investments.  With that considered, Rolls-Royce’s turnaround since—including a 600% share price jump and hitting profit targets two years ahead of schedule—is …

Rolls-Royce CEO fired managers and held staff brainstorms as part of a ‘4 pillar’ turnaround plan that led to 600% share price jump

Just two years ago, Tufan Erginbilgiç, then newly installed as CEO of Rolls-Royce, gave a grim warning to the engine maker’s employees, describing the company as a “burning platform” facing its “last chance” at survival, as he lamented its track record of destroying value with each of its investments.  With that considered, Rolls-Royce’s turnaround since—including a 600% share price jump and hitting profit targets two years ahead of schedule—is …