It is a C Corp. Ownership is split between the senior staff, and I am not a majority holder and I am nowhere near the highest paid employee. Every senior staff hire gets ownership.
CEO doesn’t mean owner. In my case I am more of club coach managing a bunch of star athletes.
Thank you but I need to reiterate that I do not own or start the company. I am an employee serving the role of Chief Executive Officer. The ownership scheme was discussed and voted on by the then shareholders (myself included).
This strategy makes business sense. We are a small, boutique firm that competes directly with some of the biggest companies in the world. By offering a stake in the company we are able to hire top talent away from the big guys and we can protect ourselves from poachers.
Thank you! I genuinely appreciate the gesture, but we are not a consumer products company. We offer highly specialized optimization services to companies that are dependent on enterprise spanning applications. The example I like to use is the Amazon shopping cart. If Amazon’s shopping cart becomes sluggish or starts dropping items, the company stands to lose millions of dollars per hour. We make sure that the cart, and everything the cart depends on, is working at peak efficiency.
EDIT: If you consume electricity in a major American metropolitan city, odds are pretty good that you are interfacing with our work.
Nah, I was not being sarcastic. It seems you have thought about the well being of your employees. I understand that theres nothing you can do personally to improve their lives any further, but the fact that you have entertained the idea long enough to come to the conclusion that you cant help puts you a cut above the rest. My boss effectively tried to kill me and two other employees two days ago, i was directly responsible for all three of us not dying. My boss then screamed at me for allowing the situation to occur in the first place(it was mostly their fault, but also partially our drivers fault.) They then attempted to call me in the next day because they failed to properly schedule employees. I make 10/h with no benefits.
Maybe look into seeing if everyone else would be ok with that as an exit strategy? It’s being tried in a few places and there’s a firm(s?) that guide ownership who wants to sell to the employees.
It is a C Corp. Ownership is split between the senior staff, and I am not a majority holder and I am nowhere near the highest paid employee. Every senior staff hire gets ownership.
CEO doesn’t mean owner. In my case I am more of club coach managing a bunch of star athletes.
Sounds like you did consider it, youre definitely one the good ones.
Thank you but I need to reiterate that I do not own or start the company. I am an employee serving the role of Chief Executive Officer. The ownership scheme was discussed and voted on by the then shareholders (myself included).
This strategy makes business sense. We are a small, boutique firm that competes directly with some of the biggest companies in the world. By offering a stake in the company we are able to hire top talent away from the big guys and we can protect ourselves from poachers.
Out of interest what does your company do? I might consider buying something from you guys just because of the employee ownership part.
Thank you! I genuinely appreciate the gesture, but we are not a consumer products company. We offer highly specialized optimization services to companies that are dependent on enterprise spanning applications. The example I like to use is the Amazon shopping cart. If Amazon’s shopping cart becomes sluggish or starts dropping items, the company stands to lose millions of dollars per hour. We make sure that the cart, and everything the cart depends on, is working at peak efficiency.
EDIT: If you consume electricity in a major American metropolitan city, odds are pretty good that you are interfacing with our work.
Nah, I was not being sarcastic. It seems you have thought about the well being of your employees. I understand that theres nothing you can do personally to improve their lives any further, but the fact that you have entertained the idea long enough to come to the conclusion that you cant help puts you a cut above the rest. My boss effectively tried to kill me and two other employees two days ago, i was directly responsible for all three of us not dying. My boss then screamed at me for allowing the situation to occur in the first place(it was mostly their fault, but also partially our drivers fault.) They then attempted to call me in the next day because they failed to properly schedule employees. I make 10/h with no benefits.
Maybe look into seeing if everyone else would be ok with that as an exit strategy? It’s being tried in a few places and there’s a firm(s?) that guide ownership who wants to sell to the employees.
Very context dependant, I’d imagine