The CEO behind KFC and Taco Bell in China explains why bosses aren't allowed to promote their direct reports [Fortune]
Yum China Holdings, Inc. (YUMC)
Last yum china holdings, inc. earnings: 4/28 04:30 pm
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Source: Fortune
Managers aren't allowed to promote direct reports at the $17.9 trillion company behind KFC , Taco Bell, and Pizza Hut in China, CEO Joey Wat revealed in an interview at Fortune's Global Forum conference in New York. “The boss sponsors someone to be promoted and we have a committee with very senior people, including myself, to sift through every single promotion,” Wat, who is ranked 63 on Fortune's Most Powerful Women 2024 list, said. Why is this CEO making time in her busy schedule to personally sign off on title changes and raises for her 400,000-strong workforce? To ensure that the best people in the company climb the ladder—not one manager's favorite employee. “For our company's meritocracy—and when it comes to selecting talent and also training—our focus is on being fair and open, but tough,” Wat explained. “We believe for talented people, the most important thing they're looking for is to be seen and to be recognized and we like to create that platform for talent to be s
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YUMC
News
- Baidu (BIDU) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- If EPS Growth Is Important To You, Yum China Holdings (NYSE:YUMC) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
- Yum China CEO: Innovating to offer customers ‘emotional value' [CNBC]CNBC
- KFC China celebrates 1000th store in Guangzhou market Area [Yahoo! Finance]Yahoo! Finance
- KFC China celebrates 1000th store in Guangzhou market AreaPR Newswire
YUMC
Earnings
- 11/4/24 - Beat
YUMC
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 4
- 11/12/24 - Form 4
- YUMC's page on the SEC website