Phuz

Great link thanks for sharing. I can see both sides to the issue, in fact the link you shared does point out that 10% ownership seems to work well for SWA. And also that: "United's unions pursued the ESOP not because they wanted to be owners so much as because they wanted to use ownership to prevent United from breaking up into regional carriers, diversifying out of the airline business, and outsourcing work performed by union members. They succeeded in that goal."

But unfortunately when times got tough the worker/owners weren't willing to trim the fat where necessary and that caused more damage than it would have otherwise. I can understand both sides here, an interesting discussion.