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Suppose I own 0.01% of the company I work at. If that company is publicly traded, I can sell those shares to anyone. If that company is a co-op in which only e
by sokoloff 3y ago
Suppose I own 0.01% of the company I work at. If that company is publicly traded, I can sell those shares to anyone.
If that company is a co-op in which only employees are allowed to own shares, the only people I can sell my shares to are other employees.
In general, more willing buyers (who in turn know they can they sell those shares unrestricted in the future to any buyer), increases the people willing to bid on those shares at any given moment in time. (It’s the same basic reason that you’d rather have $100 in cash than $100 gift card for Starbucks.)
- lsaferite 3y agoAre you even allowed to buy/sell shares in an employee owned co-op? I understood that share ownership was part of employment with the company. It entitles you to a share in the profits and a share in the decision making, but I didn't think it was a tradable instrument itself.
- pineaux 3y agoThis is the answer to all the above. These shares give you a right to part of the profit, but cannot be sold.
- sokoloff 3y agoWhat does it mean to own something that you cannot sell/assign? That sounds like plain old profit sharing, not ownership.
- dbingham 3y agoOwnership in the sense of governance, not of property. Worker cooperatives are organizations that are governed by their workers for their workers, not owned as property to be traded or sold.