The best business model for the economy, hands down. Replace stock buy backs with EOCs employ owned businesses

[multigraincracker]

Of course the rich will fight it.

[CrispyQ]

1. I think employees should own a piece of every company & have at least one seat on the board.

Corporations need to be accountable to their stakeholders, possibly even more so than their shareholders. Our system is so rigged for the rich it's obscene.

[bucolic_frolic]

2. Believe it not, stock ownership is supposed to be democratic

Shareholders get to vote every year on the Board of Directors, C-Suite level personnel, and sometimes on special proposals.

In reality, the shares are mostly owner by vulture mutual funds who rubber stamp the Board's proposals.

It is rare, rare, rare for a proposal by the Board to be voted down, and almost can't be done without the support of a major shareholder, who usually is trying for a seat on the Board to increase vulture capitalism.

[CrispyQ]

3. Board members. What a cush position.

At least at the companies where I worked. One company paid their board members $20-30K a meeting (teleconference) & $5-7K more if it was held at corporate or some other location, & of course, all expenses paid by the company. There was a meeting every quarter. Oh, & stock options.

Other companies were similar & these were not huge companies.

[Hugin]

4. Yep, it sure is.

My own personal entry in the devil’s ledger of nefarious deeds right under convincing people that he doesn’t exist is making a wide spread belief that owning stock in a PUBLICLY traded company is somehow evil.

Of course, he’s had lots of help from the financial gurus who try to portray it as much too complicated for us simple folk.

My latest example is how Musk’s attempts at fiscal dictatorship have been thwarted by a dude who owns a few stocks.