From: Paul Turner (paul@turnerbc.co.uk)
Date: Wed Jul 07 2004 - 17:56:00 BST
Hi Platt
Platt said:
Employee-owned companies are corporations where employees own the
majority of the stock and get to pick the board of directors. Being
human, they will vote their self-interests, often to the detriment of
the company's ability to compete and/or stay in business.
Paul:
I thought you were in favour of Randian "self-interest." If
self-interest is detrimental to profitability, there appears to be a
contradiction in your ideals here. Or are corporations better off being
run by a CEO who knows best?
Regards
Paul
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