This only works if execs have the company's best interests at heart, which they don't. They reap the benefits when things go well but jump ship as the company files bankruptcy when things go south.
You need Unions. Blue collar workers care about safety and can pressure execs into doing the safe thing when the incentives aren't there higher up.
You need Unions. Blue collar workers care about safety and can pressure execs into doing the safe thing when the incentives aren't there higher up.