Re:Worker-owned businesses: 'We get paid the same regardless...
by fancyfish on Monday March 12, 2018 @12:34AM
(#16566234)
The workers decide the pay scale. As long as they're satisfied with the performance of the company then there is no need to push for greater and greater pay to the CEO. If they are not attracting talent, they raise the pay scale just as a normal publicly owned company.
I agree that those tech companies have greater name recognition.
Who should be in charge of how 'sensible' is defined? And how can you argue that it attracts the best talent? Most people outside Spain probably have never heard of Mondragón, but they've almost certainly heard of Google, Facebook, Amazon, AliBaba or Baidu.