That’s cool but isn’t it similar to the incentive pay programs or RSUs/ESPPs offered by traditional employers? Not to mention that once the company is large, it’s hard to feel you have that much control over the success of the entire company.
Employees of JL don't own any shares. They cannot be bought or sold or given to employees. 100% of the shares are owned by the Trust.
That also means that every employee effectively has the same stake in the company - those high up in management, for example, don't have a lop-sided number of shares compared to those on the (both literal and metaphorical) shop floor.
JL employees also elect colleagues to hold the management to account, and appoint people to the Board and Trust. How many "traditional employers" allow that to happen?
