this post was submitted on 23 Sep 2026
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Work Reform

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[–] FlyingCircus@lemmy.world 1 points 7 hours ago (1 children)

CEOs exist to siphon surplus value to shareholders instead of letting the people who produce it retain it. It’s more that the CEO role is unnecessary in worker owned businesses than incompatible.

[–] TheKingBombOmbKiller@lemmy.zip 1 points 4 hours ago (1 children)

CEOs exist to execute the decisions of the board. In a capitalist system the decisions can often be boiled down to "siphon surplus value to shareholders instead of letting the people who produce it to retain it."

In a socialist system where the workers have a controlling majority of the board, you still need someone to execute the decisions of the board. Or are you suggesting that a worker owned company doesn't need any top leader beyond the board?

[–] FlyingCircus@lemmy.world 1 points 50 minutes ago (1 children)

Why should it? If the workers themselves are on the board, then they know what the board decides. No need for a middleman CEO.

[–] TheKingBombOmbKiller@lemmy.zip 1 points 37 minutes ago

Are you imagining that every single worker are on the board at every single company? Even the ones with hundreds or thousands of workers? It's all direct democracy, and no representative democracy?