5 ms·

Is the author's point that every business should be an employee-owned cooperative? How do we get there?

• wildrhythms 11mo ago
  Unionize
• gguunhcyyd 11mo ago
  [dead]
• xhkkffbf 11mo ago
  Aren't many or even most of the startups essentially "employee owned"? I've heard that the average employee at NVidia is worth $25m.
  • yunwal 11mo ago
    So 900b total among its 36000 employees for a total of 900b/4.3 trillion market cap. Or roughly 20% employee owned (if that 25m number is correct). This article (warning: obnoxious ads) is the only one I can find that claims to know who nvidea’s shareholders are and puts the number at 4.3% https://capital.com/en-int/analysis/nvidia-shareholder-who-owns-most-nvda-stock https://capital.com/en-int/analysis/nvidia-shareholder-who-o... I would not consider that to be employee owned (although I certainly wouldn’t mind the 25m)
    • xhkkffbf 11mo ago
      I think the phrase "employee owned" means that employees own some of the company. Do you feel that outside shareholders invalidate the claim?
      • yunwal 11mo ago
        Yes, my definition of employee owned would be “employees own a controlling share of the company”
• pabs3 11mo ago
  Quit your job and start a co-op I guess.