|
|
|
|
|
|
by jawns
1524 days ago
|
|
|
Column's website says the company is "100% founder and employee owned." I'm curious about that ownership structure. I'm assuming you're not organized as a worker cooperative, with a "one worker, one vote" structure? Would you be willing to offer any details about the ownership stake of the founders vs. the other employees and what sort of decision making employees' ownership stake entitles them to? |
|
|
It doesn't mean employees get any say in anything at all, it just means the employees are the company's shareholders. The board and upper management still has full say in all policies and operations.
Source: I worked almost exclusively at employee owned companies (though not intentionally). Working for an employee owned company is not meaningfully different than working for a public company or private company.
BTW, ESOPs have significant tax advantages for a founder [2]
[1] https://www.irs.gov/retirement-plans/employee-stock-ownershi...
[2] https://www.forbes.com/sites/darrendahl/2016/07/07/if-you-di...