Shit like this is always on my mind when I think of how better things would be if the economy was set up in a way that employees were paid with both money and equity in the company they are a part of. The main difference would likely come down to the employees at least getting a share of the sale proceeds when someone else wants to buy the business and liquidate it.
Though I’d hope that most would at least hold out and not take the first big offer.
But I don’t think that a majority vote should be enough to liquidate a business. If just one share wants to keep going, other shares should only have the option to sell their own shares or try to buy the holdout out.
Shit like this is always on my mind when I think of how better things would be if the economy was set up in a way that employees were paid with both money and equity in the company they are a part of. The main difference would likely come down to the employees at least getting a share of the sale proceeds when someone else wants to buy the business and liquidate it.
Though I’d hope that most would at least hold out and not take the first big offer.
But I don’t think that a majority vote should be enough to liquidate a business. If just one share wants to keep going, other shares should only have the option to sell their own shares or try to buy the holdout out.