[saled]

These points are solved by the workers electing an executive or directors who makes those decisions, until the workers are sick of them and replace them in an AGM or an emergency meeting.

Works the same as shareholders.

[toyg]

In the long run, that is bound to generate a separate managerial class, with all that it entails. It's how most cooperatives eventually die: they turn into regular businesses.

[derefr]

I mean, that’s fine, no? As long as regular non-manager employees are still on the corporation’s Board, the managerial class (CEO et al) still all have the Board’s sword of Damocles dangling over their neck at all times.

[Affric]

Well said.

Good co-ops that last have the decisions made by those working there.

And it's a lot of work.