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Which CEOs are actually worth keeping around?
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this post was submitted on 08 Dec 2024
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The boss does sometimes have to be bossy. If the workers have a stake in the company that actually matters, then they also actually care about the outcome that the company faces.
You're not going to vote to drive something into the ground if you think it will provide you with more value not dismantled and in your pocket.
Workers aren't idiots any more than CEOs are. It's why worker owned co-ops that elect their management do sometimes vote to reduce their own wages. They have a fair stake and want what's best for the business because it's best for them.
What if they work for a company where the vast majority of positions aren't viewed as a "career" jobs?
Not many people want to flip burgers or stock shelves the rest of their lives. If 80% of the workplace doesn't plan on sticking with the company anyway, why wouldn't they elect the person who will triple their salary for a few months before they jump ship to another burger chain?
With that bump in payment, they can afford to spend a few months looking for a job after the one they have goes away because the business went under.