Letter to a congressional colleague regarding Continental Airlines and the Employee Stock Ownership Plan

Identifier

PUA_MS147_475

Title

Letter to a congressional colleague regarding Continental Airlines and the Employee Stock Ownership Plan

Description

A letter to a congressional colleague from U.S. Congressman Les AuCoin advocating for the Employee Stock Ownership Plan endorsed by the employees of Continental Airlines. In his letter, Congressman AuCoin asked for the signatures of his colleagues in a letter that would be sent to the Civil Aeronautics Board. He described the Employee Stock Ownership Plan (ESOP) as "a significant milestone in the renewal of American Business" and "an important experiment in capitalism that should be given a chance to succeed." Talks of enacting ESOP occured admist a battle between the managements of Continental Airlines and Texas Air Corporation, who wished to acquire Continental Airlines and thus put an end to the employees' ownership plan. Attached to the end of Congressman AuCoin's letter is the draft version of the letter from the House Task Force on Industrial Innovation and Productivity to the Civil Aeronautics Board. This is one of a collection of digitized objects from the Les AuCoin Papers (MS.147) at the Pacific University Archives. AuCoin served in the Oregon House of Representatives (1971-1975) and in the United States House of Representatives from Oregon's 1st District (1975-1993).

Creator

AuCoin, Les

Date: Year(s)

1981

Date: Display

April 23, 1981

Subject

United States. Congress. House.

Legislators--United States

Bills, Legislative

Employee ownership--Law and legislation--United States

Place

United States

Source

Les AuCoin Papers, Pacific University Archives

Copyright

http://rightsstatements.org/vocab/NoC-CR/1.0/

Type

Text