WSJ Careers & Leadership The latest news and trends on work life and getting ahead in your career

Good morning. Today we're exploring one CEO's radical idea to fix work and the pay dilemma facing one of America's most popular professions

What If There Were Fewer Managers at Work?

Bayer employees participate in training. ZACK DEZON FOR THE WALL STREET JOURNAL

One CEO’s radical fix for corporate troubles: Thin the ranks of bosses.

Ever since Henry Ford roamed factory floors to improve industrial efficiency a century ago, CEOs have concocted their own schemes to remake the modern company. Bayer Chief Executive Bill Anderson is next in line. His idea:

Fewer bosses, fewer rules.

• Deeming Mass Layoffs a ‘Failure of Leadership,’ One Company Fine-Tunes a Strategy to Avoid Them (Read)

Careers & Pay

SAM KELLY/THE WALL STREET JOURNAL, iSTOCK (8)

There's risk and reward for taking the unsexiest job at a sex company. Adult-entertainment companies need white-collar professionals, but pivoting to a "normal" job later can be a challenge when your résumé is risqué.

• Realtors Reckon With a Seismic Shift to How They Get Paid (Read)
• State of the Workforce
  
• ILLUSTRATION: ELENA SCOTTI/THE WALL STREET JOURNAL, PIXELSQUID, ISTOCK
• U.S. no longer ranks among world’s 20 happiest countries. A new study shows a drop in Americans’ happiness, especially among younger people. Researchers suspect part of the decline reflects their spending less time interacting with people in person than on social media. Other experts and some young Americans themselves blame worries about money, loneliness and anxiety about their own futures.
• This is a condensed version of WSJ’s Careers & Leadership newsletter. 
  This newsletter was curated by Lynn Cook, WSJ's Careers and Leadership Bureau Chief. Reach her at lynn.cook@wsj.com