Worker co-ops have been around since the Industrial Revolution, and take many forms. The common theme is that worker-owners collectively control the business. In MaxFun’s case, this control is going to take the form of worker-owners directly voting on major company decisions, and electing a Board of Directors from fellow-worker owners. As in the case of any company, the Board is responsible for steering the company’s strategy and overseeing management. The management of MaxFun will still be responsible for day-to-day decisions, but they will be accountable to a Board of worker-owners. Like any other owners of a business, worker-owners are also entitled to share in the prosperity of the cooperative, if it has a good year.
Nothing about our relationship with shows on the network is changing. Our management is staying in place, and Jesse is becoming a worker-owner alongside his colleagues.
Still, this is a monumental change, because of what it means for the long-term future of MaxFun.
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