Most people don't know this, but Huawei is another giant cooperative.
Huawei Investment & Holding Co., Ltd. is a private company wholly owned by 169,054 of its employees and retired beneficiaries. As of December 31, 2025, company founder Ren Zhengfei's investment accounts for nearly 0.59% of the company’s total share capital.
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Most people don't know this, but Huawei is another giant cooperative.
https://www.huawei.com/en/media-center/company-facts
I believe it's an ESOP, but not a co-op because the workers don't have much voting control of the company.
I think you're right regarding that. From what I read, voting rights are restricted,a and senior executives retain veto power over major decisions.