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I’ve been told JLP’s “partner” model is only really the case because it has a huge pension deficit and so no one can afford to buy it. Not really as idealistic as I first thought.
t.o.-
Employees (partners) at JLP effectively own the business, so it is pretty idealistic. At least in comparison to most other profit driven companies.
As for no-one being able to 'afford' to buy the company, a company wide ballot would need to be held and a majority of employees would have to agree before they could even think of selling. Basically it's a non-starter.
Lebowski
I've never understood how someone could rise to the top of the John Lewis Partnership, and be a Tory,
or,
how a Tory could be allowed to rise to the top of the JLP.