Re:Every company should be owned by its employees
by shkkmo on Thursday July 25, 2024 @09:37AM
(#41068547)
People like doing meaningful work that benefits their customers. I think that employee owned businesses tens to treat their customers better than companies that are owned by private equity, pension funds or other investors who never touch the product or interact with the customers.
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Re:Every company should be owned by its employees
by nradov on Thursday July 25, 2024 @09:44AM
(#41068614)
When United Airlines was employee owned they didn't treat their customers better than competitors.
https://www.forbes.com/sites/fotschcase/2017/04/17/uniteds-t...
Re:Every company should be owned by its employees
by shkkmo on Thursday July 25, 2024 @12:54PM
(#41070795)
The article you linked doesn't say anything to backup your claim. United was employee owned for a total of only 6 years. Employee ownership was institued over some employee objections and wasn't fully supported by management. The labor relation issues that caused the pilot strike and slowdown duering that period predated the employee ownership initiative.
Nobody is saying that employee ownership is a magic bullet that fixes organization disfunction but data from that first year does show that it can have a positive impact of performance and customer satisfaction.