Archive for the ‘property’ Category

Aligning worker and corporate interests

December 24, 2007

Here are two approaches to solve the problem of aligning worker interests with the corporate interests:

  1. Home owners are, in general, more likely to take good care of their property than renters are. Similarly, workers who have an ownership in a company are more likely to be interested and productive than if they simply “work there.” Give workers stock options.
  2. When someone else makes all the decisions (about how to solve a problem, which alternative to take, etc.) then workers have no incentive to be creative and are not motivated. Give workers real decision-making power.

— Extracted from The Wisdom of Crowds by James Suroweicki