decode

  The second link of my little chain is this company called Scott Bader,
  a plastics company founded by Ernest Bader, a Swiss Quaker immigrant to
  England before the First World War.  He's now about eighty-five.  Ernest
  Bader was penniless when he started in England.  He said, All my life I
  will have to work for others.  What a dreadful system.  Well, it didn't
  work out like that.  He was an entrepreneur and he had a business and in
  1951 he suddenly woke up and said, I am now doing to all these people what
  I suffered from when it was done to me.  I am not going to go out of this
  life with this feeling.  No, I must do something.  So he got in touch with
  various people, including myself, and said, I want to put this on a basis
  that I as a Quaker and a pacifist believe in.  I don't believe in what I
  am doing.  And so we worked very hard and hammered out a constitution for
  this firm.  Ernest Bader said, No, I don't want to have ownership of this
  company, and so all the capital, except 10 percent, was vested in the
  commonwealth, which was set up for this purpose as a limited company.  The
  equity doesn't lie anymore with Ernest Bader, it lies with that
  commonwealth, and everybody who works for a certain length of time becomes
  a member of the commonwealth.  Legally speaking, the commonwealth is the
  owner of the operating company.  At first the family retained 10 percent
  founder's share, so arranged that they had a majority, not with the
  intention of using it but as a last resort.  Because it is jolly difficult
  to build something up but it is very easy to ruin it.

  [...]

  It was not until 1963, that is, twelve years later, that we felt it worked.
  The founder's shares were also put into the general pocket of the
  commonwealth, so it is the administration of the commonwealth that owns
  the thing.