There are a few potential problems with this:
1) You would still need to pay someone to be the CEO/CFO even if everyone bought the game. For instance, Fender Musical Instruments is also employee-owned and they have an executive team.
2) You would need players with enough cash to buy out the shares and do this. I don't think there are enough of these types.
3) You would need players to understand that buying shares and being part of the employee ownership program DOES NOT MEAN they get tokens or other in-game perks except maybe cosmetics. Because if everyone comes into it with an entitlement attitude, everyone will just feed off the company until it dies.
4) You would need to then organize some sort of effort to hire programmers that are trustworthy. Have fun with that. Action script (Flash) is basically extinct.
5) You would need to buy out the company shares first, and then afterwards move the company towards employee ownership. That's not just going to happen overnight.
6) You would need to do so before the real owner of the game (hint, not Alex) gets wind of it and folds the company. We've never met this person: what if he doesn't want to give up SM?
7) It would need to be an international company.
8 ) You'd all need to be employees for it to be employee owned. I think what you mean is player-owned.
9) You'd need some criteria for who is allowed to player-own shares and their conditions. For instance, you'd be wise to specify that all those who own shares get to vote on company matters, and you'd also probably want to specify that those who don't vote for 3 consecutive quarters get fired and their shares refunded.
10) You'd need a vision for where this game is going. And I'm going to be completely honest with you, where this game needs to go is SM3. (SM1 being legacy and SM2 being current reloaded.) And have fun trying to get everyone to agree about where this game is going. It was difficult enough to get the balance team to agree on anything.
And no offense, but also given the SM universe "lore" (which there is hardly any), I don't think SM3 should incorporate ANY of the concepts in our current game. I would say look outside the game for other concept games and use some of their general principles. I could easily list like 20+ ideas on how to fix SM in terms of the overall gameplay but I don't want to "show my hand" because if I spill my ideas out here, someone could very well just steal them and create SM3 without me.
Instead, what I would want is this: if someone can give me $1B USD initial investment capital, I can buy out the name and then create a game that will be far more successful and lucrative. But I would need this initial investment capital in order to get the ball rolling. And I would also point out that the way I would fix SM would be to completely reinvent the game.
So my advice (sorry for necro-replying) is to just enjoy it until it folds. I still recommend the game to parents with kids. But no game lasts forever, and certainly not SM. I am not saying SM is dying so much as I am saying SM is not eternal.
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