4 ms·

Are there any businesses that both have unions and grant employees equity? If so, can the employees transfer their equity to the union, perhaps in lieu of payin

Are there any businesses that both have unions and grant employees equity? If so, can the employees transfer their equity to the union, perhaps in lieu of paying dues? I feel like it could be a good way to align incentives, but I'm not sure it's actually feasible in the US. I suppose unions at public companies could always just buy the stock regardless of employee equity grants.

Therenas 2y ago
Wouldn‘t that be the opposite of aligning incentives? Unions want the workers to do well, stockholders want the company to do well. The company paying people less is better for stockholders, worse for employees obviously. So that seems like an awful idea.
- DylanDmitri 2y ago
  The union could hold shares in a trust, pledging not to sell. Then vote with the shares, and distribute any dividends through to the workers.
  - gruez 2y ago
    How does that fix the issue? For every marginal dollar the workers would rather receive the entirety of that (through wages) than for that same dollar to be paid out as profit to shareholders, of which they'd only get a fraction.
  - nocoiner 2y ago
    I think you’ve just invented the ESOP.
- rank0 2y ago
  I encourage you to read up on the history on unions. People on this site have this insane idea that $CORP=bad and $UNION=good. The truth is that neither party is inherent good/bad. Unions can and have done plenty of shady things. Union leadership can be primarily self-interested (just like any other individuals). Employees with equity shouldn’t be seen as a bad thing!