Are you talking about an employee owned cooperative? Employee stock ownership plan? Something else? It really depends on their governance structure, not just f

Are you talking about an employee owned cooperative? Employee stock ownership plan? Something else? It really depends on their governance structure, not just financial ownership. If each employee owns some tiny percentage of shares, it doesn't really affect the governance much. If it's a one member one vote coop though, employees have power to elect the board who can then appoint the kind of managers they like. In theory. In practice I think most employees don't really care about all that and just want to collect a paycheck and go home and a small core group ends up running the show unless something goes terribly wrong.