In these firms all employees were co-owners, and they bought into their positions by paying the equivalent of about a year’s wages to the firm’s equity fund, wages earned in apprentice programs of various kinds at the end of schooling. This buy-in fee became the starter of their share in the firm, which grew every year they stayed, until it was given back to them as pension or departure payment. Councils elected from
precedent for this?
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Christiane
