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Re:My Emotions as a CEO by culi on Sunday October 10, 2021 @04:28PM (#28821679)
I'm not sure how much it applies to tech as an industry, but research shows that coops (or, "labor-managed firms") tend to last much longer and be more productive than non-coop companies as well.

https://www.uk.coop/resources/what-do-we-really-know-about-w...

Re:My Emotions as a CEO by DizzyDoo on Sunday October 10, 2021 @04:38PM (#28821765)
Thanks for the link, what an interesting pdf.

What I still don't quite understand about coops is how they practically come about? The pdf you linked to says that 84% come into being from scratch. If you need to buy some mechanical equipment and rent a factory, does everyone who joins the coop at the beginning pay into those start-up costs? Or is the investment in the coop usually entirely from the outside like bank loans? Is there ever a distinction between coop members who have invested money into the firm, and those who join later that haven't?

Re:My Emotions as a CEO by ipaddr on Sunday October 10, 2021 @08:07PM (#28823121)
I was part of an employee owned company but I had no ownership and was only a contractor.

At some point the company couldn't pay the employees and they took partial ownership. The employees were senior ex-sun types who could forgo money for stock.

It was a pleasant and the darkest (in terms of no lights on). Conversations were about high level technical and no meetings. Great place to work while it lastest.