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Business: How Worker-Owned Companies Operate (Video)

I was speaking with a friend who is also an Oakland Raiders fan like myself.  The Raiders have major financial obstacles in their attempts to get a new stadium built in Oakland or anywhere else in Northern California. The Oakland Raiders have also recently been ranked by Forbes magazine as the least valuable NFL franchise despite having a huge global fanbase.  The Raiders have one of lowest amount of operating dollars of all the 32 teams in the NFL.  Fans may not be able to help the stadium situation, but they can definitely change the value of the team.  I have said on numerous occasions it would be great if the Raiders adopted a similar ownership system like the Green Bay Packers in which the fans of the team can become shareholders. The Green Bay Packers are the only NFL franchise that operates in this manner.  Current NFL rules require an owner to have no less than a 30% majority share of the team.  I feel this could work for the Raiders if owner Mark Davis offered a 49% or less share to the fans.  Our discussion then turned to the corporate aspect of worker owned companies. Ironically I ran across this interesting short documentary on the topic while surfing the web that goes to further illustrate the point that collective ownership is the key to win in many instances.

READ MORE ABOUT HOW WORKER OWNED COMPANIES OPERATE AT MOYERS & COMPANY


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