Workers to Control Chrysler

From the Financial Times (via Dollars & Sense):

The United Auto Workers’ union will own 55 per cent of Chrysler and Italy’s Fiat will eventually own 35 per cent of the carmaker after a balance sheet restructuring, with remaining stock split between Chrysler’s secured lenders and the US federal government, according to a UAW document sent to members on Tuesday.

As noted at Dollars & Sense:

The worker revolution seems to have come not with a bang but with a whimper.