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I think this is a thing. Registered as cooperatives. Even more liberal as customer owned like REI? Of course it could be they are just really good at selling th
by daveguy 10y ago
I think this is a thing. Registered as cooperatives. Even more liberal as customer owned like REI? Of course it could be they are just really good at selling that 10% stake.
I do agree that is a potentially exciting organization. I think there are some market analysis companies that have significant employee ownership and most profits are returned as dividends to make for a very cooperative atmosphere.
- alexose 10y agoREI is an interesting example. It's a co-op in name, but the employees don't have much representation at the top. (See: http://www.thestranger.com/slog/2016/07/11/24328725/rei-workers-call-for-better-pay-and-working-conditions-consider-unionization http://www.thestranger.com/slog/2016/07/11/24328725/rei-work...). There are lots of great companies that are employee-owned (the Winco chain of grocery stores comes to mind), but I'm not aware of any in the tech startup world. I'd love to know about market research companies with an employee-owned model! If you know of any specifically, let me know. Google doesn't seem to be of much help.
- substack 10y agoWinco is a privately-held company with an ESOP (employee stock ownership plan). Employees do not have voting rights. This is better than most private companies, but cooperatives provide voting rights in how the company is run which I think is more important.