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Honest question: say it gets divided, who will decide on the right margin the company run with?
Democracy.
Makes sense, justlike shareholders vote on stuff today
That's oligarchy. Those who own things have power while those who do not have none. Democracy is where every person has equal power. I'd like a system where every employee gets a vote, no matter their status, from the forklift driver to the president of the board of directors. Employees have an incentive for their company to work well long-term because it is their livelyhood.
Shares could still be distributed by tenure rather than position
That just sounds like yet another unequal way to divide power, so it's still an oligarchy. Here's a radical idea: why not give everyone who is affected by an entity equal control over it? Why does anyone need more control than everyone else? How could you possibly keep that from being abused to benefit the people in power more than everyone else? This is just capitalism with a little extra shell-game on the side to try to make the inequality seem more just despite being just as unequal.
Who is the company?
We can pick Cooler Master for example