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It sounds like a nice move to give employees shares in one's company. But what is stopping employees from simply buying shares from their salary? Giving them a
by facepalm 10y ago
It sounds like a nice move to give employees shares in one's company. But what is stopping employees from simply buying shares from their salary? Giving them a high enough salary so that they could buy any shares they want seems like a nicer move than promising them shares in one's own company.
Also, people who get angry about this are often beneficiaries themselves - the article mentions the pension funds who own most shares, but who will also later pay most people's pensions.
- JoeAltmaier 10y agoBecause a company can print shares; cash hurts the bottom line.
- deleted 10y ago[deleted]
- omouse 10y agoOwning shares is not the same as ownership. Profit sharing on the other hand...
- theandrewbailey 10y agoPaying people more money is more expensive; giving people ownership is less costly. Employee owned shares encourage employees to work better. It also gives them a louder voice in how things are done.
- facepalm 10y agoWhat if I own a company and don't want my employees to have a voice in how things are done? Why shouldn't that be allowed? And what if I hire workers to build me a house - should they be entitled to parts of the house after they build it? Or what if they absolute want to put marble into the bathroom, but I don't? Should they be entitled to put marble, because after all they are doing the work? Meaning what is wrong with making a contract and fulfilling it? You do work x for me, I give you money y in return? Why make things more complicated?
- theandrewbailey 10y agoI'm not arguing against that idea (employees receive a paycheck only, not shares). And you appear to be conflating company influence with product influence (was I not talking about company shares?). Shareholders, employees or otherwise, don't force those marble bathrooms; the product designer or customer does.
- SFJulie 10y agoEasiest way to do it is called a cooperative https://en.wikipedia.org/wiki/Cooperative https://en.wikipedia.org/wiki/Cooperative But VC never fund them, they prefer private owned companies. Maybe because it is easier to bribe 1 man for 100 grands than 1000 for 10grands