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US Middle Class on the Edge | 47 comments (47 topical, 0 editorial, 0 hidden)
Re: And through the ages too. (none / 0)
Actually I believe there are a few "employee owned" companies in the US that fit your model almost perfectly.  The exception to your model is that they are "for profit".  I know one pretty well, and it evolved because the original owner kept the company private for all of his life.  when he died he left the company to the employees, with some very clear legal documents outlining how this would work.  employees share in the profits, and my understanding is they have done very well over time.  the company must stay private--it can never go public.  and I think it doesn not have the abuses in pay ratio that you see in some public companies.
by wchurchill on Tue Jan 3rd, 2006 at 12:19:42 PM EST
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Re: And through the ages too. (none / 0)
In Finland there are still very large family owned (forest) companies eg Ahlstrom and Myllykoski. Quite well run but still quite brutal, as they are global players and have to play by global rules.

What I am looking for is a solution to the problem of finding a legal instrument that does not depend on the philanthropy of an individual, but is entrenched in law.

You can't be me, I'm taken

by Sven Triloqvist on Tue Jan 3rd, 2006 at 12:45:09 PM EST
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US Middle Class on the Edge | 47 comments (47 topical, 0 editorial, 0 hidden)
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