Lots of companies have done it. The largest is Mondragon in Spain, ~81k+ employees across its federation of worker cooperatives. https://web.archive.org/web/20

Lots of companies have done it. The largest is Mondragon in Spain, ~81k+ employees across its federation of worker cooperatives. https://web.archive.org/web/20220720120426/https://www.bloomberg.com/news/features/2022-06-30/worker-owned-business-model-in-spain-is-keeping-inequality-in-check https://web.archive.org/web/20220720120426/https://www.bloom... A newer game development company, Motion Twin (France), is doing something similar: https://en.wikipedia.org/wiki/Motion_Twin https://en.wikipedia.org/wiki/Motion_Twin You can still have a management structure, but many of these types of enterprises rotate their management, by vote and with term limits, from the ranks of the employees. It makes everyone more aligned with the larger goals of the organization and helps mitigate long term favoritism.