Originally Posted by
Laminar
What happened to the ESOP concept that began in 1995? Doesn’t that give us a say in the company direction?
Where to start?
The pilots, like all the shareholders, lost all the ownership of the company in the bankruptcy. The ESOP died years ago.
We did, however, retain a seat on the Board of Directors. One vote out of 13. So we have "say" but no veto power (like in the ESOP days). Obviously, our one vote is not a majority.