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A comment on Many Companies Aren’t Prepared to Replace Underperforming CEOs. Parent comment

Re:Many Companies Aren’t Prepared to Replace Underperforming... by User23 on Friday November 04, 2022 @04:48PM (#33473522)
A fun example along those lines is the Green Bay Packers[1]. They are a public non-profit whose shares are largely owned by members of the Green Bay community. Shareholding is mostly a matter of community pride, as it confers very few rights[2].

It's actually a pretty good model, and I wonder why it isn't used for other municipal assets.

[1] https://en.wikipedia.org/wiki/Green_Bay_Packers,_Inc.

[2] https://www.wsj.com/articles/BL-TOTALB-269

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Re:Many Companies Aren’t Prepared to Replace Underperforming... by kibwen on Friday November 04, 2022 @06:11PM (#33474602)
Legally speaking I think that might be in a different category than what I was referring to (nonprofit vs corporation). And there are other legal structures, like co-operatives (and credit unions?), with similar ideas.
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Re:Many Companies Aren’t Prepared to Replace Underperforming... by deberon on Friday November 04, 2022 @06:25PM (#33474781)
I agree it’s a great model! Unfortunately the NFL has banned it (last I heard) - https://web.archive.org/web/20110813051753/http://www.sports...
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