It is a C Corp. Ownership is split between the senior staff, and I am not a majority holder and I am nowhere near the highest paid employee. Every senior staff hire gets ownership.
CEO doesn’t mean owner. In my case I am more of club coach managing a bunch of star athletes.
Thank you but I need to reiterate that I do not own or start the company. I am an employee serving the role of Chief Executive Officer. The ownership scheme was discussed and voted on by the then shareholders (myself included).
This strategy makes business sense. We are a small, boutique firm that competes directly with some of the biggest companies in the world. By offering a stake in the company we are able to hire top talent away from the big guys and we can protect ourselves from poachers.
Thank you! I genuinely appreciate the gesture, but we are not a consumer products company. We offer highly specialized optimization services to companies that are dependent on enterprise spanning applications. The example I like to use is the Amazon shopping cart. If Amazon’s shopping cart becomes sluggish or starts dropping items, the company stands to lose millions of dollars per hour. We make sure that the cart, and everything the cart depends on, is working at peak efficiency.
EDIT: If you consume electricity in a major American metropolitan city, odds are pretty good that you are interfacing with our work.
Nah, I was not being sarcastic. It seems you have thought about the well being of your employees. I understand that theres nothing you can do personally to improve their lives any further, but the fact that you have entertained the idea long enough to come to the conclusion that you cant help puts you a cut above the rest. My boss effectively tried to kill me and two other employees two days ago, i was directly responsible for all three of us not dying. My boss then screamed at me for allowing the situation to occur in the first place(it was mostly their fault, but also partially our drivers fault.) They then attempted to call me in the next day because they failed to properly schedule employees. I make 10/h with no benefits.
Maybe look into seeing if everyone else would be ok with that as an exit strategy? It’s being tried in a few places and there’s a firm(s?) that guide ownership who wants to sell to the employees.
He doesn’t contribute to your car. Your employees contribute to your company. “That man who is walking” makes no contribution to your life. Your employees do.
I see what you’re saying, but the point I’m trying to make is that neither of them own the company or the car, so why should they receive that sort of benefit? If I pick trash up from the side of the road, should that land become mine? If I’m a handyman and I’ve been paid to work on someone’s fence, do I deserve a share of that fence? No.
See my response to the other comments. I what I’m getting at is that the premise of the original comment was ridiculous and nobody will ever get on board with it, much less politicians. Instead of offering ridiculous, impossible solutions that make us look like idiots, why don’t we just go for something reasonable like a better minimum wage? Then people will be prosperous enough to start their own companies, if they desire. Not everyone wants to own their own company or share the responsibility of such a thing.
Okay, but if that was your point, you should use an analogy that drives your point home. What you’re saying now is nothing like your original comment lol.
Not true. The original poster was suggesting that someone just randomly give away something to somebody else. Analogies are always imperfect, and I’m surprised that I have to explain that to you.
Neither of them own the original thing. Just because you contribute to something, doesn’t mean you deserve part of it. Contribution was optional in the first place, and in the case of the employee, they are paid.
Instead of posing ridiculous arguments like trying to distribute companies among “the workers”, most of which probably don’t even care in the first place, why not just fight for a better minimum wage so its a non-issue?
Consider giving your company to your employees.
It is a C Corp. Ownership is split between the senior staff, and I am not a majority holder and I am nowhere near the highest paid employee. Every senior staff hire gets ownership.
CEO doesn’t mean owner. In my case I am more of club coach managing a bunch of star athletes.
Sounds like you did consider it, youre definitely one the good ones.
Thank you but I need to reiterate that I do not own or start the company. I am an employee serving the role of Chief Executive Officer. The ownership scheme was discussed and voted on by the then shareholders (myself included).
This strategy makes business sense. We are a small, boutique firm that competes directly with some of the biggest companies in the world. By offering a stake in the company we are able to hire top talent away from the big guys and we can protect ourselves from poachers.
Out of interest what does your company do? I might consider buying something from you guys just because of the employee ownership part.
Thank you! I genuinely appreciate the gesture, but we are not a consumer products company. We offer highly specialized optimization services to companies that are dependent on enterprise spanning applications. The example I like to use is the Amazon shopping cart. If Amazon’s shopping cart becomes sluggish or starts dropping items, the company stands to lose millions of dollars per hour. We make sure that the cart, and everything the cart depends on, is working at peak efficiency.
EDIT: If you consume electricity in a major American metropolitan city, odds are pretty good that you are interfacing with our work.
Nah, I was not being sarcastic. It seems you have thought about the well being of your employees. I understand that theres nothing you can do personally to improve their lives any further, but the fact that you have entertained the idea long enough to come to the conclusion that you cant help puts you a cut above the rest. My boss effectively tried to kill me and two other employees two days ago, i was directly responsible for all three of us not dying. My boss then screamed at me for allowing the situation to occur in the first place(it was mostly their fault, but also partially our drivers fault.) They then attempted to call me in the next day because they failed to properly schedule employees. I make 10/h with no benefits.
Maybe look into seeing if everyone else would be ok with that as an exit strategy? It’s being tried in a few places and there’s a firm(s?) that guide ownership who wants to sell to the employees.
Very context dependant, I’d imagine
This is the same as owning a car, and then someone walks up to you on the street and says “consider giving your car to that man who is walking”.
That was really stupid.
He doesn’t contribute to your car. Your employees contribute to your company. “That man who is walking” makes no contribution to your life. Your employees do.
I see what you’re saying, but the point I’m trying to make is that neither of them own the company or the car, so why should they receive that sort of benefit? If I pick trash up from the side of the road, should that land become mine? If I’m a handyman and I’ve been paid to work on someone’s fence, do I deserve a share of that fence? No.
This isn’t a good analogy. The man who is walking is not directly contributing to the car or having anything to do with the car.
See my response to the other comments. I what I’m getting at is that the premise of the original comment was ridiculous and nobody will ever get on board with it, much less politicians. Instead of offering ridiculous, impossible solutions that make us look like idiots, why don’t we just go for something reasonable like a better minimum wage? Then people will be prosperous enough to start their own companies, if they desire. Not everyone wants to own their own company or share the responsibility of such a thing.
Okay, but if that was your point, you should use an analogy that drives your point home. What you’re saying now is nothing like your original comment lol.
Not true. The original poster was suggesting that someone just randomly give away something to somebody else. Analogies are always imperfect, and I’m surprised that I have to explain that to you.
What? Whatever else it is, it is nothing like your car example
Neither of them own the original thing. Just because you contribute to something, doesn’t mean you deserve part of it. Contribution was optional in the first place, and in the case of the employee, they are paid.
Instead of posing ridiculous arguments like trying to distribute companies among “the workers”, most of which probably don’t even care in the first place, why not just fight for a better minimum wage so its a non-issue?