[eru]

German companies come pretty close. See https://en.wikipedia.org/wiki/Codetermination_in_Germany

Also see how many cooperatives are run.

You can definitely make these kinds of things work and eg worker cooperatives are generally legal to set up around the world, but they don't necessarily work any better than vanilla companies (and that includes not necessarily being better for the employees).

[nutrie]

> German companies come pretty close.

Worked for one with this setup. It was all great until the stock price fell to ~20 % of its original value and has stayed that way since. Employees didn't like it, which was kinda funny (it's a risk they signed up for).

[throwaway2037]

Jeez, that must have been some giant scandal to lose 80% of market cap. What is accounting fraud?

[eru]

Lots of leverage can do that, too.