How Philips CEO Roy Jakobs is turning the company around after major recall

How Philips CEO Roy Jakobs is turning the company around after major recall

Today, I’m talking with Roy Jakobs. He’s the CEO of Royal Philips, which makes medical devices ranging from MRI machines to ventilators. Philips has a long history —- the company began in the late 19th century as a lightbulb manufacturer, and over the past century it’s grown and shrunk in various ways. Basically, while every other company has been trying to get bigger, Philips has been paring itself down to a tight focus on healthcare, and Roy and I talked about why that market is worth the focus. Roy and I also talked about an ongoing controversy at Philips that he had a part in: In 2021, after years of consumer complaints, Philips was made to recall millions of its breathing machines. Those devices were eventually tied to more than 500 deaths. That’s a pretty big decision, with massive life-or-death consequences, and you’ll hear us talk about it in detail. Links: Problems reported with recalled Philips ventilators, BiPAP & CPAP machines | FDA FDA says 561 deaths tied to recalled Philips sleep apnea machines | CBS News Philips kept complaints about dangerous breathing machines secret | ProPublica Top Philips executive approved sale of defective breathing machines | ProPublica Philips reaches final pact with DOJ, FDA on ventilator recall | WSJ Philips suspends U.S. sales of breathing machines after recall | NYT CPAP maker reaches $479 million settlement on breathing device defects | NYT Philips exits shrinking home entertainment business | Reuters Original TSMC investor Philips sells off final shares | PC World Philips unveils new AI-powered cardiovascular ultrasound | Mass Device Transcript: https://www.theverge.com/e/24006874 Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Callie Wright. Our supervising producer is Liam James. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Recode Decode: Chelsea Handler

Recode Decode: Chelsea Handler

Chelsea Handler, the host of Netflix's new talk show "Chelsea," chats with Recode's Kara Swisher about going digital after seven years on the cable channel E! She runs "Chelsea" like a normal TV show, just not a late-night one, because her viewers might watch at any time, in any order. Handler says re-entering the public eye meant adjusting to changes in social media (hello, Snapchat!) and discusses what she thinks of transgender bathroom rights, Donald Trump and Tesla's Elon Musk. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Juni 201642min

Recode Decode: Kim Kardashian

Recode Decode: Kim Kardashian

Reality TV star and entrepreneur Kim Kardashian talks with Recode's Kara Swisher about why she doesn't use Facebook, but loves Snapchat. Kardashian credits her family's career success to social media and has successfully tapped digital partners at Whalerock to develop a paid-subscription app and the emoji app Kimojis, which has rocketed to the top of the charts on both iPhone and Android. Coming soon: Kimojis merch. She also chats about her penchant for naked selfies, being a parent and her husband Kanye West's yearning for a self-driving car. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Juni 201633min

Recode Decode: LeBron James's business manager, Maverick Carter

Recode Decode: LeBron James's business manager, Maverick Carter

Maverick Carter, the business manager for basketball superstar LeBron James of the Cleveland Cavaliers, talks to Recode's Kurt Wagner about how the internet has radically changed athletes' place in the media world. Athletes are no longer reliant on newspapers and TV networks to tell their stories, which means that they -- and the people they trust -- can hone and craft the narrative more than ever before. Carter also talks about what he learned working at Nike, the controversial live TV special "The Decision" and James's acting roles in "Trainwreck" and, maybe, "Space Jam 2." Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Maj 201641min

Recode Decode: JPMorgan Chase CEO Jamie Dimon

Recode Decode: JPMorgan Chase CEO Jamie Dimon

JPMorgan Chase president, chairman and CEO Jamie Dimon talks with Recode's Kara Swisher about how big banks are both competing against and collaborating with Silicon Valley. He explains why tech company IPOs have sharply declined in 2016 but says he's certain they will return. Dimon also reflects on the anger directed at banks throughout the 2016 election and what the next president needs to do to make things right. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Maj 201640min

Recode Decode: Rep. Nancy Pelosi

Recode Decode: Rep. Nancy Pelosi

U.S. Rep. and House Minority Leader Nancy Pelosi sits down with Recode's Kara Swisher to talk about the 2016 election, immigration reform and how Congress is trying to work with and learn from the tech industry. Pelosi says she's certain that Hillary Clinton will defeat Donald Trump in the presidential race and explains why she sides with Apple in its ongoing encryption battle against the FBI. Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Maj 201647min

Recode Decode: Walt Mossberg

Recode Decode: Walt Mossberg

On this special episode of "Recode Decode," we celebrate the relaunch of Recode.net with an extended interview between Recode co-founders Kara Swisher and Walt Mossberg. In 1991, Mossberg was laughed out of the Secretary of State's office for announcing that he would start writing about technology. Three media companies and 25 years later, he reflects on the changing landscape of tech journalism. Plus: Kara and Walt preview the upcoming Code Conference and look back on a decade of conference highlights and lowlights. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Maj 201648min

Recode Decode: Deeds Not Words' Wendy Davis

Recode Decode: Deeds Not Words' Wendy Davis

Former Texas State Senator Wendy Davis -- most famous for her filibuster to stop legislation that would severely restrict abortions in that state -- talks with Kara Swisher about her new digital initiative Deeds Not Words, which hopes to mobilize young women into political action. She discusses her history of confronting misogyny and discrimination, both in real life and online, and why progress in women's rights has been so slow. Davis thinks women must forcefully call out attempts to silence them and learn to put a human face on grim statistics. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Maj 201643min

Recode Decode: Keith Rabois says winter is coming for wasteful startups

Recode Decode: Keith Rabois says winter is coming for wasteful startups

Khosla Ventures investment partner Keith Rabois talks with Kara Swisher about building PayPal before the dot-com crash and the entrepreneurial lessons he applied from that company to later jobs at LinkedIn, Slide, Google and Square. Now, as a venture capitalist, he sees himself as a consulting psychologist for many companies in his portfolio. He also discusses why investors who once feared missing the next Uber are now rejecting startups with high burn rates. Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Apr 201651min

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