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How the Lego Board Rebuilt the Brick Empire
In the early 2000s, Lego was bleeding cash — nearly bankrupt. This episode drills into one specific board decision: the 2003 choice to stop chasing digital fads and refocus on the physical brick. We trace how the board restructured the company, divested non-core assets like theme parks, and brought in a new CEO who slashed product complexity by 50%. The result? From $200 million in debt to becoming the world's largest toy company. Lucas and Luna discuss the governance mechanics: how a family-controlled board can pivot under crisis, the role of the Kirk Kristiansen family, and why the…
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