Sen. Elizabeth Warren unveiled eight conditions on Monday that companies must accept for emergency federal funding during the coronavirus crisis.to aid the airline industry, which has been battered by a wave of cancellations as the coronavirus spreads, compelling Americans to cancel travel plans and stay home. It would be part of a $1 trillion stimulus plan to shore up the economy and inject it with a deluge of cash.
"Let me be clear: We're not doing no-strings-attached bailouts that enrich shareholders or pay CEO bonuses. Period," WarrenCompanies must maintain payrolls and use federal funds to keep people working.Companies would be permanently banned from engaging in stock buybacks. Businesses would have to provide at least one seat to workers on their board of directors, though it could be more depending on size of the rescue package.Corporate boards must get shareholder approval for all political spending.
Of course she's going to politicize a national emergency and use it to forward her socialist agenda. The people of Massachusetts need to recall her.
Lol
Some ok. Some absurd. Not the time to push other agendas like a worker on the board
I like them!
She’s saying it exactly like a democrat would. It should be 8 conditions we must require before a crumb of relief is given. If you don’t see the difference, that’s why you keep voting for losers.
Nice start Let Boeing and a few airlines fail,like GM,flush the stock and debt holders,save the emp and business by allowing a IPO for cleaned up co Do TARP like plan for troubled public co Cash injections for small bus and indiv,food stamps etc Bailout BailOutThePeople Resist
After solving the health problem due to Covid19, No bail-out of airlines, cruise ships firms, travel agencies, airplanes builders, etc is necessary. Helping Small Business and laid-off workers makes more sense for Tax Payers’ money
Companies should still be able to buy their own shares back. It's like investing. They know they're company is doing good so they buy shares, and when they are higher, they sell them to raise capital. Employees being made members of the board sounds rediculous.
On the warpath again
this is probably what inspired trump's trillion shit from not bernie's plan. That looks good but wont work well.
Who she going to support?
When is irrelevant, she quit
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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