I propose an another strategy. Bail them out and hand over the company to the workers, organized as a equal shareholder corporation. The workers are the ones t

I propose an another strategy. Bail them out and hand over the company to the workers, organized as a equal shareholder corporation. The workers are the ones that have to most to lose when the company goes under. For the shareholders, it's usually just one of many investments, managed by a fund. They are not really stakeholders. The management has golden parachutes, is well connected and will find new employment soon. For the workers, it is the job they have been doing for years and years. It's their livelihood. Whereas a new management or new finance shareholders will just seek new ways to squeeze as much money out of the company until it has to be bailed out again, the workers might actually try to keep it running for long time.