TED-Ed: These companies with no CEO are thriving | TED-Ed

The video explores the concept of cooperatives (co-ops), using the Park Slope Food Co-op as a case study. It discusses the history of co-ops, starting with the Rochdale Pioneers, and explains the different types of co-ops, such as consumer, producer, and worker co-ops. Key principles of co-ops include joint ownership, democratic control, and a focus on serving members rather than maximizing profit. The video contrasts decision-making processes in co-ops with traditional companies, highlighting the democratic nature of co-ops. It also presents studies showing co-ops' success rates and higher worker satisfaction compared to traditional businesses.

What is unique about the Park Slope Food Co-op compared to other grocery stores in Brooklyn?

• It is a traditional company with outside shareholders.

• It has sales per square foot four times higher than others.

• It is owned by a single individual.

• It has a CEO who manages all operations.

What was the primary reason the Rochdale Pioneers formed a co-op?

• To establish a global brand.

• To maximize profits for shareholders.

• To buy goods they couldn't afford individually.

• To compete with large corporations.

Which of the following is NOT a type of co-op mentioned in the video?

• Worker co-op

• Investment co-op

• Producer co-op

• Consumer co-op

What is a key principle of co-ops regarding ownership?

• Co-ops are owned by a single founder.

• Co-ops are jointly owned by their members.

• Co-ops are owned by government entities.

• Co-ops are owned by external investors.

How do co-ops typically make major decisions?

• Decisions are made by a majority shareholder.

• Decisions are made democratically by members.

• Decisions are made by a board of external directors.

• Decisions are made by a single CEO.

In a traditional company, what determines voting rights?

• The number of years worked at the company.

• The amount of profit generated by the individual.

• The position held within the company.

• The number of shares owned.

What is a significant difference in management salaries between co-ops and traditional companies?

• Co-op managers' salaries are limited to a multiple of the lowest paid worker's salary.

• Co-op managers are paid based on company profits.

• Co-op managers earn significantly more than traditional CEOs.

• Traditional companies have no salary limits for managers.