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Neil I. Patel

๐Ÿ‘ค Speaker
504 total appearances

Appearances Over Time

Podcast Appearances

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

It's also, I just would come back around to, I talked to a lot of Silicon Valley CEOs on the show, and they're all in functional structures. Everything rolls up to them and they operate Apple, famously the most functionally organized company in the world. What are the benefits to you of being in that divisional structure? That is the big change.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

It's also, I just would come back around to, I talked to a lot of Silicon Valley CEOs on the show, and they're all in functional structures. Everything rolls up to them and they operate Apple, famously the most functionally organized company in the world. What are the benefits to you of being in that divisional structure? That is the big change.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

I'm not sure it's the same kind of structure that everyone else is in, but it seems like it's working for you.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

I'm not sure it's the same kind of structure that everyone else is in, but it seems like it's working for you.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

I'm not sure it's the same kind of structure that everyone else is in, but it seems like it's working for you.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Even at Philips for a long time, you obviously worked inside of that complicated matrix structure. Was it just like a huge relief when you got to say, look, we just need to be divisions?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Even at Philips for a long time, you obviously worked inside of that complicated matrix structure. Was it just like a huge relief when you got to say, look, we just need to be divisions?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Even at Philips for a long time, you obviously worked inside of that complicated matrix structure. Was it just like a huge relief when you got to say, look, we just need to be divisions?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

These are all big decisions. This is the other big decoder question. How do you make decisions? What's your framework?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

These are all big decisions. This is the other big decoder question. How do you make decisions? What's your framework?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

These are all big decisions. This is the other big decoder question. How do you make decisions? What's your framework?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Let's put this into practice. Philips is currently in litigation over 15 million defective sleep apnea machines and ventilators. The FDA says that led to over 500 deaths. You're under a consent decree in the United States. You have to stop selling those products. You have to give up some of your revenue on the products you are allowed to keep selling.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Let's put this into practice. Philips is currently in litigation over 15 million defective sleep apnea machines and ventilators. The FDA says that led to over 500 deaths. You're under a consent decree in the United States. You have to stop selling those products. You have to give up some of your revenue on the products you are allowed to keep selling.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

Let's put this into practice. Philips is currently in litigation over 15 million defective sleep apnea machines and ventilators. The FDA says that led to over 500 deaths. You're under a consent decree in the United States. You have to stop selling those products. You have to give up some of your revenue on the products you are allowed to keep selling.

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

There's compliance for five years with inspectors and regulators. There's evidence presented in court as part of this litigation that says even as questions arose about these products, you said Philips could keep selling them. How did you make that decision?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

There's compliance for five years with inspectors and regulators. There's evidence presented in court as part of this litigation that says even as questions arose about these products, you said Philips could keep selling them. How did you make that decision?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

There's compliance for five years with inspectors and regulators. There's evidence presented in court as part of this litigation that says even as questions arose about these products, you said Philips could keep selling them. How did you make that decision?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

So here, the decision was to keep selling the machines. Was that the right decision?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

So here, the decision was to keep selling the machines. Was that the right decision?

Decoder with Nilay Patel
How Philips CEO Roy Jakobs is turning the company around after major recall

So here, the decision was to keep selling the machines. Was that the right decision?