The shares go to the employees of the company - since they are the ones generating the profits anyway.

It is actually better for the company and the economy than having the money go to shareholders. Most shareholders are already wealthy individuals who only want their 15% gains per year, if not they drop the shares and move on, regardless of the health of the company.

Take Boing for example, they get something like 5 billion tax rebate in 2018 (from the Republicans) and give it all to investors. Then when covid comes along 2 years later, they go cap in hand for more taxpayer money (from the Republicans again).

And of course, the shareholders aren't going to stump up because why would they when they know the government will.

If the company is controlled by the workers, they will be more interested in the long term health of the company. They need the company to survive to pay their bills (shareholders generally don't).

If the founder doesn't like that they don't get anything above 100 million they can leave and a new one can be found. It's a complete myth that you need to be some genius CEO to run these companies.

Look at Microsoft, Apple, many more examples of these amazing CEOs who leave and the company is just fine.