IT TAKES ONLY $70 to own a share of the First Alternative Natural Foods Co-op, Corvallis, Ore., which now has about 7,200 owners. None of them is allowed to own more than one share. The co-op is overseen by a board consisting of 10 owners who are elected for three-year terms. A general manager, who reports to the board, runs day-to-day operations. About 75% of employees are owners, some of whom work two hours per week. Once per month, owners can take advantage of a 10% discount off their ...

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