Very few large corporations are majority employee owned, at least outside China. Only ones I can think of in the US are WinCo (grocery stores) and Valve Corp (steam, halflife, gabe). I guess there is also Bob's Redmill but they aren't that big. In China a sizeable chunk of the private sector is structured like that with Huawei probably being the most famous example. It's not a perfect structure and there are downsides but it's something.
I find it interesting that large corporations structured like that have a stability and long term outlook similar to well managed state owned enterprises. None of the mergers, reorganizations, and fire sales of assets you see so often with other large private sector enterprises. Then again, it's probably harder to get the board to approve mass layoffs or downsizing to juice next quarters profits when most of the board seats represent rank and file employees.
Very few large corporations are majority employee owned, at least outside China. Only ones I can think of in the US are WinCo (grocery stores) and Valve Corp (steam, halflife, gabe). I guess there is also Bob's Redmill but they aren't that big. In China a sizeable chunk of the private sector is structured like that with Huawei probably being the most famous example. It's not a perfect structure and there are downsides but it's something.
I find it interesting that large corporations structured like that have a stability and long term outlook similar to well managed state owned enterprises. None of the mergers, reorganizations, and fire sales of assets you see so often with other large private sector enterprises. Then again, it's probably harder to get the board to approve mass layoffs or downsizing to juice next quarters profits when most of the board seats represent rank and file employees.