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December 17, 2002
United Airlines showed how not to do an ESOP
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK -- United Airlines didn't have a chance.
The struggling carrier was counting on its employee stock ownership plan to help lift it out of its financial mess eight years ago. But how could it, when just about every aspect of the ESOP -- the design, execution, membership -- was all wrong?
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Previous columns:
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