Than I don’t really get the idea. Could you elaborate?
- As far as I understood, the company’s shares belong to the employees (“everyone gets a seat on the board”) and those elect a director which in turn organises the work structure, assigns roles etc. Correct?
- Can he be replaced at all times?
- How is the compensation of the employees determined?
- How are employees handled which are not performing their duties?
- Can employees be fired?
- How can employees join and leave the company?
- Do they return their shares on leaving?
- Can they buy and sell their shares?
- How do new employees get their shares? Are they assigned or bought?
- How is capital raised for large long-term investments like a new machine?
- If the employees bring up the capital, do they get interest?
- What if no capital can be raised? Is the company terminated?
- Can some employees put in more capital than others?
- Is the financial gain distributed equally between the employees?
Donald Trump cut up while talking.