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This is an insane discussion, but I can't resist: By definition, "profit" is the share of revenue that is not needed for the existence and work of the company.
by matt4077 9y ago
This is an insane discussion, but I can't resist: By definition, "profit" is the share of revenue that is not needed for the existence and work of the company.
There's even a category of enterprises successfully working in such a framework. They're called–oh happy day–"non-profits".
- hueving 9y agoNon profits don't give extra leftover revenue to employees, so it's still a bullshit statement.
- kuschku 9y agoSome do, like most German grocery store chains, real estate corporations, etc. They are cooperatives, all employees and customers can vote on all decisions, and surplus profit is either reinvested or paid out to employees and customers.