I have the same belief. The business could easily be run with a fraction of its current overhead -- IF it was willing to accept a "small is beautiful" existence.
The problem is, "small is beautiful" doesn't get you multibillion-dollar IPOs....
If a company morphs into a non-profit, I can't imagine that would be good for existing holders of options (pointedly including upper management who would make the decision in the first place).
The problem is, "small is beautiful" doesn't get you multibillion-dollar IPOs....