this post was submitted on 09 Nov 2024
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You can't pay people to care.
I disagree, I think if you provide ownership of the company as part of compensation you can pay people to care. No big companies do this, but I think they could!
There's plenty of companies with stock options as part of the compensation package. They're always just a bone thrown in. They absolutely do not want employees to be able to effectively do a hostile takeover of their own company and set it up as some kind of commie worker cooperative.
I've changed my mind and I'd like to disagree with my previous statement. You can't pay people to care.
Very good point. I worked for an employee owned company and I hated the work, but loved the atmosphere. There really was this sense of everyone there working together to make everyone better. I don't think stock options can provide the same atmosphere, the employees need to have agency around leadership choices as well as the compensation that comes with it.