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It looks like I got confused because whoever edited the wikipedia article came from a country that uses '.' as a thousands separator. Looking more closely, the
by kwis 16y ago
It looks like I got confused because whoever edited the wikipedia article came from a country that uses '.' as a thousands separator.
Looking more closely, they're a strange sort of conglomerate. At a glance, I see two banks, two insurance companies, roughly two hundred industrial companies, a dozen retail shops, a dozen food-related businesses, a dozen research firms, and ten education companies.
In a way, it reminds me of Idealab, in that each new company is a new pool of equity (with the associated incentives that result from ownership), and that failures are not punished, but rather result in retraining or placement in a different firm. (for full co-op members).
It's also interesting to see that the founder was a priest who started off with a co-operative polytechnic school and bootstrapped everything from that base.