Yes, but then it becomes weighted by how much financial stake you have in the company, rather than the worker’s contribution to their success (I’d argue that employees have just as much at stake as most investors, as working for a living is their primary means of earning income, and losing thay income due to a business failing can be just as ruinous). If an individual holds 51% of the public shares, the voting process is performative at best. That person will always have the power to change the board of directors who will then set policy that aligns with whatever their desires are.
Well, by my knowledge they sometimes vote and the amount of votes one has correlates to your share%. A CEO is appointed precisely to make decisions for them.
Assuming every employee has equal voting power I don’t see it being particularly effective. But it might, i guess.
Have you heard of democracy? Why is society so allergic to bringing it to the workplace? You damn well should get to vote on positions that are necessarily hierarchical.
The CEO should be appointed/fired either by a board that’s voted on by the workers (and recallable), or the workers should get to vote for a CEO directly (who should also be recallable).
Some may call this socialism, which yes, it’s a part of it.
I suggest we replace every CEO with a cat and a business buzzword soundboard.
It will result in increased revenue, profit, employee satisfaction, willingness to return to office work, work environment health, employee retention, and most importantly, amount of cats in the office. (After all, a CatEO needs a VPurr and a mewsistant…)
Actually working fine for Mondragon. A federation of worker coops in Spain, it’s 70 thousand people or so and seems to have worked for the past 70 years, even outlasting Francoism. Wage ratios (between minimum and the highest wage in the coop) are fixed and must be voted on to be changed, and I believe management positions can be voted out by their subordinates.
Let’s just get rid of the CEO part, and make the workers own and make decisions
Yeah that’ll work. 500 people making joint decisions.
Isn’t that already how it happens when the shareholders are involved?
Yes, but then it becomes weighted by how much financial stake you have in the company, rather than the worker’s contribution to their success (I’d argue that employees have just as much at stake as most investors, as working for a living is their primary means of earning income, and losing thay income due to a business failing can be just as ruinous). If an individual holds 51% of the public shares, the voting process is performative at best. That person will always have the power to change the board of directors who will then set policy that aligns with whatever their desires are.
Well, by my knowledge they sometimes vote and the amount of votes one has correlates to your share%. A CEO is appointed precisely to make decisions for them.
Assuming every employee has equal voting power I don’t see it being particularly effective. But it might, i guess.
i guess for a company something like elections for the ceo might work
Have you heard of democracy? Why is society so allergic to bringing it to the workplace? You damn well should get to vote on positions that are necessarily hierarchical.
The CEO should be appointed/fired either by a board that’s voted on by the workers (and recallable), or the workers should get to vote for a CEO directly (who should also be recallable).
Some may call this socialism, which yes, it’s a part of it.
I suggest we replace every CEO with a cat and a business buzzword soundboard.
It will result in increased revenue, profit, employee satisfaction, willingness to return to office work, work environment health, employee retention, and most importantly, amount of cats in the office. (After all, a CatEO needs a VPurr and a mewsistant…)
“Where are you going?” “oh I’m just going to pet the CEO and give her treats, brb”
Actually working fine for Mondragon. A federation of worker coops in Spain, it’s 70 thousand people or so and seems to have worked for the past 70 years, even outlasting Francoism. Wage ratios (between minimum and the highest wage in the coop) are fixed and must be voted on to be changed, and I believe management positions can be voted out by their subordinates.