SOC101Y1 Lecture Notes - Toronto Stock Exchange
Document Summary
Basic capitalist principle is that owners controls how work is perform and how organiza- tion run. Employee share ownership plans is a way for workers to share in the profit of produc- tion and as a means of generating more consensus in the workplace. This plan is offered to employees in many private-sector high performance work- places. It could also be purchased for employees as part of a benefit package. In canada, 2/3 of the firms listed on the toronto stock exchange have. Unions representing the workers were more interested in using their seats on the board of directors (as they have share) to pre- serve jobs than to gain control over the labour process. With majority ownership (workers), workers can manage their own job security. As owners, workers retain the option to change the management system in the future if they wish to do so.
