Originally Posted by
MiLa
So I'm not an expert in the dealings of major corporations but is there anything that the employee groups can do to try to have any influence with this. I know the unions have put out statements, but is that the full extent of what can be done?
good question.
this is why F Lee Bailey told the MEC waaaay back that the only way to avoid these investor and BOD actions would be to own a majority of the shares. and the MEC pursued the ESOP.
the reasons for the failure of the ESOP are as numerous as the number of pilots on the seniority list. and everyone has a different take on why it failed
when there are shareholders and creditors, and directors and executives, and bankers and lawyers, and clients, and employees, in an American public corporation, guess who has zero say?
either move the corp to asia or europe (where sometimes employees are legally stakeholders), buy a majority of the shares, or work as an employee under the collectively bargained labor agreement and keep your logbook current
those seem to be the options