Companies Find Benefits in Streamlining Authority

Many companies, including Whole Foods and Samsung Electronics, have decided to simplify operations with fewer bosses. For example, this year Samsung has taken steps to reduce how much sway its Lee family founders have over the company, reports the Wall Street Journal . Meanwhile, human-resources technology company Peakon shifted from making business decisions as an executive group of six to a pair of co-CEOs, to finally a solo chief executive in January 2017. "As we grew we needed clearer division of responsibility," said James Young, Peakon's head of content.