Ricardo Semler on his radical form of corporate democracy
http://www.ted.com/talks/ricardo_semler_radical_wisdom_for_a_company_a_school_a_life?language=en
On accumulating money:
[…] if you’re giving back, you took too much.
And some of the other very interesting things:
And so we said, look, the retirement, the whole issue of how we distribute our graph of life. Instead of going mountain climbing when you’re 82, why don’t you do it next week? And we’ll do it like this, we’ll sell you back your Wednesdays for 10 percent of your salary.
[…]
We said things like, why can’t people set their own salaries? What do they need to know? There’s only three things you need to know: how much people make inside the company, how much people make somewhere else in a similar business and how much we make in general to see whether we can afford it.So let’s give people these three pieces of information. So we started having, in the cafeteria, a computer where you could go in and you could ask what someone spent, how much someone makes, what they make in benefits, what the company makes, what the margins are, and so forth. And this is 25 years ago.