Asklemmy

44612 readers

843 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

136

What's up with employee-owned companies/co-ops? How does it compare to a strong union? (lemmy.ml)

submitted 3 days ago by [email protected] to c/[email protected]

22 comments fedilink hide all child comments

I'm interested in leftist opinions of employee-owned companies. If that's still too broad, could you give some examples of employees buying their employer out? Or are there other ways, like with a union?

Also, what's up with King Arthur's and Bob's Red Mill?

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 2 points 3 days ago

One advantage as I understand it between a worker cooperative and an ESOP is that the worker cooperative has a one person one vote system. It avoids the issue you mention about not having voting shares. I worked at a place with an ESOP and just the managers had shares. And even there they didn't prevent the business being sold to private equity. Sure they got paid out but now that previously family owned business is part of a monopoly in our industry.