Comment on You don’t have to be Marion Delgado to know which way the wind blows.

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Juniperus@infosec.pub ⁨14⁩ ⁨hours⁩ ago

Hi! Thanks for your feedback.

The original idea for the shares was to only have an “Equal Ownership Share” but I had to change that to 1000 shares of common stock to fit it into the legal definition of a C-corporation. The software will still report the shares collectively as an EOS.

For buying in, I had to reconcile a few things. If you just have “membership” as your mechanism, then what happens if I join the co-op today and tomorrow the whole company gets sold off? Do I get an equal share of the cash? Because that doesn’t seem very fair. Also seems kind of off that someone coming into a company would have full voting rights on day one, it just doesn’t make sense to me that they could change the direction of the company so fast. So IMO you have to have a reasonable system for establishing ownership and trust with the person.

The hard limit of 1000 shares coupled with the fact that they are fixed at “book value” means that nobody can gain control of the company in a hostile takeover, and makes it a lot easier to buy in since they don’t float on speculation. New members will buy and/or be awarded their shares over a “provisional period” as part of their compensation package. The length of the provisional period is set by vote, so it’s up to the members how fast they want to onboard new people. If new people aren’t seeing their shares go up, it’s a problem.

I haven’t written the Bylaws yet but they will establish term limits for all officers, so it’s not like somebody could sit on the CEO position for 30 years.

I’d be interested in hearing what cooperative you know about, as I’m always looking for success stories.

My favorite co-op so far is Mondragon Assembly, which is led by a CEO named Peter Szepanski. They make advanced equipment for manufacturing lines (solar panels and batteries), so they are the best example I’ve seen of a high-tech global co-op. I don’t know what the rest of their management structure is like, but I would imagine they have managers and project leads, at least.

It’s important to note though, that although they make that specialized equipment, as far as I know they do not operate any of those manufacturing lines themselves. Having an entire factory is quite a complicated endeavor, especially when you end with with many different jobs around the facility that need to interact.

As far as the hierarchical management, I included them based on some research that was done into a wind farm installation firm. The short take is that the hierarchy allows structured information sharing and delegation of authority to “subject matter experts” in a way that is far more effective than a flat structure or a council. I will also point out that my model includes a Board of Directors who are the elected council, so it’s not just a top-down model.

I wanted to limit the length of the post for readability but the details really are in the attached documents. I would suggest spending time with the philosophy document if you want to get into more details. I promise I wrote it myself and not with AI.

Anyway, it’s a collaborative effort so feel free to add your ideas or take my ideas as an influence to make something new, make your councils happen! Now is the time to try new ways to cooperate with each other.

Thanks for chiming in!

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