4 ms·
Right. Let me know when Tesla employees can vote for a new CEO.
by linksnapzz 6y ago
Right. Let me know when Tesla employees can vote for a new CEO.
- sjwright 6y agoLet me know when a vote of employees of any publicly traded company can overrule a vote of shareholders on anything half as consequential as the appointment of a CEO.
- ericmay 6y agoI mean... they don't exactly have a vote unless they own shares of the company. They could unionize, etc. deride the culture of the company, or quit though,
- sandworm101 6y agoThat is a thing. Some employees do have imediate and direct representation on boards, boards who could hire/fire leaders like Musk. Any US corporation could choose to adopt these practices, although not once it has gone public. https://en.wikipedia.org/wiki/Codetermination_in_Germany https://en.wikipedia.org/wiki/Codetermination_in_Germany >> Known as Mitbestimmung, the modern law on codetermination is found principally in the Mitbestimmungsgesetz of 1976. The law allows workers to elect representatives ... for almost half of the supervisory board of directors. [...] It applies to public and private companies, so long as there are over 2,000 employees. For companies with 500–2,000 employees, one third of the supervisory board must be elected. >> The Prussian state aimed for a conciliatory policy between capital and labour, and worker committees were one way to involve and bind workers into a system, and avoid conflict. In return unions conceded objectives on the establishment of a socialist state.