There is a long long history of trying this - most notably when UA became completely employee / union owned. However, once the initial ESOP period ended, the un

There is a long long history of trying this - most notably when UA became completely employee / union owned. However, once the initial ESOP period ended, the unions still ended up in a acrimonious battle with the (labor owned) board of directors. Then 9/11 occurred, the company collapsed (again) and went into bankruptcy.