4 ms·
Depends on how much say they have. If employees have no say in how the company is run, CEO & board could easily run it into the ground (but jump ship with a go
by RetroTechie 2y ago
Depends on how much say they have.
If employees have no say in how the company is run, CEO & board could easily run it into the ground (but jump ship with a gold parachute), then: yeah, most people will prefer a fixed paycheck.
But if regular employees are at the helm, company is more likely to do what's in the (long-term!) interest of employees.
Surely that'll make employees more willing to share in financial risks (+rewards!) of the organization. They're more personally invested in it - literally.
Let's hope this model gains more traction.