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To expand on this: John Lewis is a chain of department stores and supermarkets (Waitrose), which is owned by its employees. Each year, a sizable fraction of its
by takluyver 13y ago
To expand on this: John Lewis is a chain of department stores and supermarkets (Waitrose), which is owned by its employees. Each year, a sizable fraction of its profits go to a bonus distributed in proportion to salary (17% on top of each salary last year, according to Wikipedia).
- walshemj 13y agoSorry I was being a bit UK centric there John Lewis is a effectively a worker coop - even though they dont use the term and there are a few issues with how the internal democracy works.