the employees can own the company; it would be a true employee-owned company
7 replies (most recent on top)
Then there's the huge investments required to totally revamp the business. The stores are in terrible shape, and in bad locations. The processes need to be completely replaced, vendor contracts need to be reestablished, advertising restarted, employees rehired.
This will cost another $70000 per employee if everyone participated.
This business is a teardown, not a rehab.
Amd someone would have to make calls.
And they would gett corrupt just like in USSR
yes, and you'd also own the billions in debt too. Congrats!
Sorry, did the math wrong. Only 80,000 employees not 90,000. Each needs to pony up $70,000 to pay off the debt.
Then each employee just needs to pony up an additional $62,222 to pay off the debt and the company will have a chance.
You would be out $475.00, now STFU and get back to selling PA's and unloading the truck.
That would be an educated fail. Please get back to unloading the trucks.