Sounds similar to the Employee Stock Ownership Program as attempted by United Airlines back in the 90s. Employee groups bought a massive amount of the company's stock, but somehow failed to get proportional representation on the board of directors. When the company declared bankruptcy following September 11, the stock became worthless in both a financial and representational sense. The whole experience soured a lot of people on the idea, from what I've seen.
Last edited by thepotato232; 7th Jun 2012 at 17:00.