This doesn’t seem rare to me.
or https://en.wikipedia.org/wiki/Igalia (can't find any discussion related to their coop model - there is https://news.ycombinator.com/item?id=37799973 without any comment )
I (still) believe that we're going to see a rejection of this MBA-short-term-fuck-the-long-term thinking, and next-gen companies will form treat their employees like the adults they are.
That employee goodwill and motivation will make them outpeform the current system. Thnk of the opposite of work-to-rule or 'quiet quitting': An actual motivated workforce.
Parliamentary systems do not always have a President per se, but generally have a similar role of an individual who can quickly make decisions in emergencies and crises.
So in practice I’m not sure democracies are all that different in practice.