Re:Every company should be owned by its employees
by pjc50 on Thursday July 25, 2024 @05:32AM
(#41066630)
The big survivor is actually John Lewis.
The history of the mutual/building societies is interesting - customer owned financial institutions. The stock market offered them a huge amount of money to sell up in the 90s, which almost all of the customers took (after all, free money). Then 2008 hit and a lot of them had to be bailed out by taxpayer loans.
The history of the mutual/building societies is interesting - customer owned financial institutions. The stock market offered them a huge amount of money to sell up in the 90s, which almost all of the customers took (after all, free money). Then 2008 hit and a lot of them had to be bailed out by taxpayer loans.