This is a followup to that post of a few weeks ago, What's Wrong, about the exclusion of the workers in a corporation from a share in its prosperity. Having such a share would imply a share in its un-prosperity as well, but in too many cases workers get the latter without the former.
I noted that a major part of the problem is that "The workers are considered no more than a cost of doing business, their wages no different from the price of steel." Apropos that mentality, someone sent me a link to this Washington Post story which rejects the idea that "maximizing shareholder value" is the only thing the managers of a company should worry about it, and calls for a return to a way of thinking in which all the "stakeholders" of an enterprise, a group which includes workers as well as shareholders, should be considered in decisions. Sounds right to me, especially when you consider that the term "shareholders" often, maybe most often, signifies not people who put money into an enterprise in the belief that it will succeed but those who are gambling on short-term fluctuations in the stock price.
And, related: I found out the other day (from a Facebook post) that the Publix supermarket chain is employee-owned, and is doing very well. I was surprised to hear that they are employee-owned, but not that they are doing well. A Publix store opened in my town a year or two ago, and immediately became very popular. Its prices are a little higher than others', but not dramatically higher, and the store is more pleasant than most, within the limits of the fact that it's a supermarket. I don't mind going there (they have Marmite!).The employees are unusually friendly and helpful, which I cynically took to be a manner forced upon them by their corporate masters as part of the justification for higher prices, wider selection, and nicer environment. But knowing that the company is owned by the employees, and that they have a very immediate stake in its success, makes it look a bit different. I believe this is an example of what is know in the business world as "incentive." Maybe there's something to it.