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Wine Operating Systems Software

CodeWeavers Now Controlled By An Employee Ownership Trust (phoronix.com) 34

Posted by BeauHD from the time-to-move-on dept.
After leading CodeWeavers for 27 years, Jeremy White has decided to leave the company, prompting the transition to an employee ownership trust. CodeWeavers is known for its CrossOver software and contributions to the Wine project. Phoronix reports: CodeWeavers' President James Ramey is now taking on the CEO role while Director of Development Ulrich Czekalla in turn is stepping up to fill the President role. Jeremy White does continue to serve as Chairman of the Board at CodeWeavers. In addition to selling the CrossOver software, CodeWeavers' PortJump effort aides organizations in porting apps/games to macOS, Linux, or ChromeOS. CodeWeavers also engages in technical consulting services for organizations. Among CodeWeavers' clients is Valve in assisting them with their Steam Play / Proton effort. You can read more about the changes via the CodeWeavers blog.
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CodeWeavers Now Controlled By An Employee Ownership Trust More

CodeWeavers Now Controlled By An Employee Ownership Trust

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  • I have doubts the company was very profitable if this happened. Usually owners sell the company..and this finances their retirement. At the least, Valve would have had an interest in acquiring them.

    So the cynic in me thinks this is a spin doctoring for the founder to move away from a business that wasn't profitable or sellable.

    Unfortunately, every worker owned tech cooperative I was familiar with has gone out of business or is struggling. Noble idea, terrible results. Case in point: TechCollective now

    • Re: (Score:3)

      by sconeu ( 64226 )

      Defense giant SAIC is an employee-owned company.

    • I echo your concerns, but also have to wonder... Why isn't Valve chomping at the bit to buy them, if they're doing so bad?

      CodeWeavers are a major portion of the effort that led to Proton.

    • I don't know about profitability much profitability - or at least not growth. The only product of theirs I ever heard of was "Crossover" which was their compatibility layer for Microsoft Office. I think they just have a contract with Steam for help on Proton at this point. I can't imagine many are still subscribing to Crossover when Office has mostly moved to a subscription and there are fairly capable web versions of a lot of the MS Office software.

    • Re:When you can't sell.. (Score:5, Interesting)

      by popdookey ( 253795 ) <sctinc@gm[ ].com ['ail' in gap]> on Saturday May 20, 2023 @06:59AM (#63536971)

      I have doubts the company was very profitable if this happened. Usually owners sell the company..and this finances their retirement. At the least, Valve would have had an interest in acquiring them.

      So the cynic in me thinks this is a spin doctoring for the founder to move away from a business that wasn't profitable or sellable.

      Unfortunately, every worker owned tech cooperative I was familiar with has gone out of business or is struggling. Noble idea, terrible results. Case in point: TechCollective now shows 5 employees on LinkedIn. I recall them being 30+ in 2010. Other MSPs have grown exponentially in the meantime.

      Profitability has nothing to do with a decision to let the people who run the company actually own the company. Usually owners don't care as much about their employees and the company culture, so they sell out without taking care of the people who made them successful. The realist in me sees this as far more sustainable, equitable, and economically beneficial.

      Fortunately, every employee-owned company I am familiar with is thriving. I seek them out because they are more accountable. There will be more over time and I anticipate logarithmic growth.

      • Re: (Score:2, Interesting)

        by Midnight_Falcon ( 2432802 )

        Profitability has nothing to do with a decision to let the people who run the company actually own the company.

        Usually it has everything to do with it! You can only sell a company of this size if it has over $1mm in profits, or rather, EBITDA. Typically that's at a 5-7x multiple for in the software dev consulting space. So $1mm in EBITDA = $5-7mm valuation. However, if you have less than $1mm EBITDA, almost all won't even buy you -- it's too risky and it's not going to get underwritten.

        Looking on LinkedIn, CodeWeavers has 45 employees. CodeWeavers also said in the blog post they have a bit over $5MM in rev

  • Comment removed (Score:5, Funny)

    by account_deleted ( 4530225 ) on Saturday May 20, 2023 @03:48AM (#63536729)
    Comment removed based on user account deletion
    • I don't think communism has ever benefited its workers, or its citizens, in any country where it has been tried. But it definitely benefits those in charge.
      • Comment removed based on user account deletion

        • Because no communist country has ever succeeded in being materially productive, due to simple human nature. Once you put in place the same pay for everyone, the lazy and slackers realize they can get paid the same amount no matter how little they do, and the hard workers get tired of getting paid the same as the slackers for much more effort and give up trying. Productivity falls precipitously. This is what made the labor camps necessary—the country couldn't produce what society needed and had to forc

          • Comment removed based on user account deletion
            • Comment removed based on user account deletion
              • How about Cuba for communist and Singapore for capitalist? Although, no country is purely capitalist or communist, leading to a "no true scotsman" logical fallacy in amateur debates.
                • Comment removed based on user account deletion
                  • Exactly, everything is a mixed system and no pure Adam Smith-capitalist system, nor pure Karl Marx communist system exists. However, in the colloquial sense of the word (and the academic sense as used in comparative politics), countries that are more aligned with communist institutions are considered 'communist,' such as Cuba having a politburo and largely state-owned, highly-regulated economy. Likewise, Singapore having a democratic republic system and largely privately-owned [and minimally regulated] ec
                    • Comment removed based on user account deletion

                    • So why do US media refer to Cuba as a communist state but not India? They both have very similar political systems. .

                      Because they absolutely do not have similar political systems. Cuba is a one-party state governed by a Politburo featuring a largely command economy. See the Wikipedia article on communist states [wikipedia.org] for a longer definition.

                      India by contrast is a multi-party parliamentary republic, whose political systems and institutions are closer to Singapore than to Cuba. Notably, it has separation of powers (legislative, executive and judicial are separate and don't answer to the Supreme Soviet/Politburo/etc), a

                    • Comment removed based on user account deletion
                    • You appear to have graduated from amateur high-school-civics arguments to pure psychobabble.
                    • Comment removed based on user account deletion
                    • You mean the psychobabble of switching the names of the leaders of India and Cuba? It's psychobabble and you know it.
                    • Comment removed based on user account deletion
                    • You haven't actually responded to any of the points I raised, but rather you created a nonsensical argument about India and Cuba international relations, switching names of their leaders as to make your argument incomprehensible.

                      Care to talk about how Cuba is on the Wikipedia list of "Communist Countries" despite your (wrong) definition of it not being communist?

                    • Comment removed based on user account deletion

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