For an explanation of the debacle at United Airlines and how a highly unionized airline can succeed that has an ESOP, please read The Southwest Airlines Way by Jody Hoffer Gittell. I have used the CD version of it as supplemental reading in my class on managerial skills.
In this book, employee ownership relationships in two highly unionized airlines, Southwest and United, under analyzed. The rest of the story is what other things were different.
Frank
Quite so. Interesting to analyze employee-ownership effects for unionized employees vs. non-union. Once case in point is United Airlines.
Jack Ring