4 ms·

I'm generally a libertarian but I think current corporate law is insane. This seems like a reasonable starting point, maybe along with a policy requiring giving

• opinion-is-bad 5y ago
  Does the employee have to buy into that stake? Do they surrender it, or sell it, or keep it when they leave? Do they get more over time? Why should minimum wage field hands that will work for a month own part of my farm? We have had negative cash flow for the last decade, should our employees have made under minimum wage due to capital calls that were made by the business? How does a bank do proper due diligence on a loan for a business with 47,000 owners, but isn’t publicly traded? What about the administrative overhead around decision making needing a timely signature from every owner? It’s really simple to say employees should have equity, but get into the details and the idea falls apart.