> Seek collateral on the company via shares or some other valuable goods that are not easy to shed. As part of the bailout, Canada/Ontario took a 12% ownership

> Seek collateral on the company via shares or some other valuable goods that are not easy to shed. As part of the bailout, Canada/Ontario took a 12% ownership stake in GM. They have since sold their shares (at least Ontario has). At the time, the union president argued they should be keeping the shares for that exact reason, so that they have a reasonable influence on company decision making. https://www.theglobeandmail.com/report-on-business/ontario-sells-gm-shares-for-11-billion/article22797007/ https://www.theglobeandmail.com/report-on-business/ontario-s...