Disclosure: I work for a fully employee-owned company.
Frankly, I can't think of a fairer way for a company to be guided. If we choose, we can vote to hire (shudder) Elon Musk to run our company - or someone actually competent and trustworthy, from outside the employee pool.
By our charter, no one may own more than 1% of our total stock. Our collective decisions - effectively democratic representation, like the US - help decide our success. Demogoguery is almost impossible (unlike the US). Every worker is vested to some degree in our success, thanks to stock gift policies (and of course we can choose to buy more stock than that low level).
Frankly, I can't think of a fairer way for a company to be guided. If we choose, we can vote to hire (shudder) Elon Musk to run our company - or someone actually competent and trustworthy, from outside the employee pool.
By our charter, no one may own more than 1% of our total stock. Our collective decisions - effectively democratic representation, like the US - help decide our success. Demogoguery is almost impossible (unlike the US). Every worker is vested to some degree in our success, thanks to stock gift policies (and of course we can choose to buy more stock than that low level).