Honest Weight Food Coop: a very interesting email from Ken Von Geldern

State and federal law are clear that the rules governing member-worker cooperatives are different than those that govern most businesses.

(This will be of limited interest to you folks outside of the Albany area, I’m afraid.)
Honest_weight
To all Honest Weight Food Co-op members,

I’m sending this email to inform you and every member of the co-op, especially all working members, about what’s going on at the co-op, and what will be coming up in the near future. I encourage you to read this and forward it to all your friends and acquaintances who work at the co-op. The reason for this is that we (a group of working members) are not able to get a list of working members, so we haven’t been able to send out this information directly to members. We are having to rely on personal word-of-mouth, flyering at the co-op, and a website, to disseminate this information.

Here is an update about what’s been happening in the recent period:

–At the membership meeting on June 29, the co-op’s voting (working) members were presented with a proposal by the Board of Directors to reduce the discounts received by working members. After some discussion about the co-op’s financial situation, and many suggestions from members on how to improve it, the members rejected the proposal by a vote of about 3 to 1. We also voted down the proposed yearly budget. There was some discussion at this meeting about the suggestion to grant voting rights to non-working members (people who have bought a share, but do not work, and get a 2% discount). (FYI: There are about 1200 working members at the co-op, and about 10,000 non-working share-holders.)

–At the Board of Directors meeting of July 7, the Board “resolved that its fiduciary responsibilities to the
Co-op would require modification, in consultation with the membership, of the current member labor program.” Continue reading “Honest Weight Food Coop: a very interesting email from Ken Von Geldern”