It sounds like a "lite" version of an employee-owned coop, possibly more appropriate for companies with international workforces. (Proton referring to the Wine fork maintained by Valve Software...
The CodeWeavers Employee Ownership Trust will give employees a greater voice in the company's decision-making process and enable them to share in its profits.
Employee ownership trust models are increasingly common in Europe but are still rare in the United States. CodeWeavers will become one of the first software companies in the U.S. to adopt this new ownership model.
It sounds like a "lite" version of an employee-owned coop, possibly more appropriate for companies with international workforces.
“I started looking at employee ownership models three years ago.” said CodeWeavers founder and CEO Jeremy White. “ESOPs and coops rely on specific U.S. laws, and our workforce is spread around the world. With an employee ownership trust, I was able to get exactly the result I wanted, with a much lower ongoing cost structure.”
“I'm looking forward to seeing this in practice!” said Proton lead developer Arek Hiler. “The relationship with many employers is very one-sided—employees are there to generate value for the owners and can be made redundant on shareholders' whim. With this change, I know the company has my back. Not only is it more democratic, but profits will go to the employees who generate them.”
(Proton referring to the Wine fork maintained by Valve Software and used in the Steam Deck.)
It sounds like a "lite" version of an employee-owned coop, possibly more appropriate for companies with international workforces.
(Proton referring to the Wine fork maintained by Valve Software and used in the Steam Deck.)