Good ideas. The Spanish Cooperative 'Mondragon; is run in a similar way. The CEO is never, however, allowed to earn more than 5 times what the guy at the lowest end of the company earns.

Mondragon has been going 70 or 80 years, and employs nearly 90 people. It does not make a profit. It works towards systaining itself, and money is put into educating people and ensuring that there is no poverty in the region.