Latest / Boardroom Conversations with Fexingo: CEOs, Strategy, and Corporate Leadership Explained
How a Family Board Saved LEGO From the Brick of Bankruptcy
In 2003, LEGO was bleeding $800,000 a day. Sales had collapsed, the brand had drifted into theme parks and action figures, and the company was hours from bankruptcy. This episode goes inside the LEGO boardroom to see how a family-controlled board — led by owner Kjeld Kirk Kristiansen and new CEO Jørgen Vig Knudstorp — pulled the company back from the brink. We track the brutal portfolio cuts, the return to core bricks, and the famous 'shareholder loan' that bought time. And we look at what makes a family board different when crisis hits: patience, long-term thinking, and a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.