Let's say I created Articles of Incorporation that bound the corporation to treat its employees well, limit CEO pay to something reasonable like 6x the lowest-paid worker, mandate free health insurance for all employees, etc. I could then take the voting stock and put it in trust to be delegated to the employees to vote upon my death.
The corp could raise money by offering dividends on profits and a steady rate of return. I would, however, cap the RoR with the rest of profits used to expand the business so it would function like an annuity for the investors and would always have a low P/E ratio, but who cares, as long as the employees are taken care of.
I feel like this could be a big thing if anybody dared to start doing this. Any thoughts? Suggestions? Comments? Questions? Insults?