Reply to post: Re: Keep on trucking...

Almost two-thirds of SMIC's Shanghai employees are living at work

Eclectic Man Silver badge

Re: Keep on trucking...

Most businesses are feudal in structure. They have bosses and 'underlings', and some bosses are also underlings, but in general there is very little, if any, 'democracy' even at shareholders' meetings. (In some UK companies even a vote at a shareholders' meeting does not affect director remuneration as that is controlled by their friends on the, sorry the completely independent and objective, remuneration committee.)

However, companies have to be careful about paying in company 'script', as the taxation authorities are very keen for everyone (ok, 'the little people') to pay their taxes, so script needs to be relatable to the local legal tender.

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