Question
Anders led his company to generate $5 billion in cash in three years through two main strategies. First, he implemented a sharp tightening of operations. This involved bidding only on projects they had a high chance of winning, which led to a drastic decrease in the number of bids but a significant increase in the success rate. Second, he sold off non-core businesses. This, combined with the operational tightening, resulted in a 60% reduction in overall headcount and freed up $2.5 billion.
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In the three years Anders led the company, it generated a remarkable $5 billion in cash. This was from two sources: a sharp tightening of operations and selling off non-core businesses. Anders insisted that the company bid only on projects they had a good chance of winning, and the returns were compelling. The number of bids fell drastically, while the success rate shot up. The overall headcount was cut by 60%. As a result of this, $2.5 billion was freed up.
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