The legislation would also bar certain companies receiving taxpayer funded loans from paying dividends to shareholders for one year after the loan is paid back, and from reducing their employment levels by 10% until the end of September.
The massive rescue package authorizes $25 billion in loans to passenger air carriers, $4 billion to cargo air carriers, and $17 billion for "businesses critical to maintaining national security."
So they wait a year with the cash piled high. They win again.
Why is buyback even on the table? If you want government handouts/welfare then you don't get to manipulate stock price by buyback stocks.
realDonaldTrump federalreserve GOPSenate SenateDems I hope our brilliant GOV officials stipulated in the bill that only true US companies, those incorporated in the US and pay Federal income taxes are eligible for assistance. The others already receive massive tax breaks.
Nice, but please recall that cutting the corporate tax rate gifted corps with $$$ they didn't need for R&D, Capex, training, salaries, etc.
The market is already recovering and they only have to wait a year? It's almost like they had this heist all planned out and just payed us off with $1200.
These are the fine prints. Expect more to come. There are no free lunches . Guys
One year is nothing more than window dressing, it’s laughable and will leave taxpayers on the hook for corporate greed, there is no accountability.
Only 1 year! It should be a lifetime.
Not enough.
How in the world is it not permanent? Republicans can’t help but be monstrous. Unreal.
Apparently in America buying your own stock back is a mortal sin.