Economy 52,844 Posted May 11, 2020 Share Posted May 11, 2020 https://www.bnnbloomberg.ca/feds-to-limit-dividends-buybacks-with-funding-for-largest-companies-1.1434504 The finance minister says large companies will not be excluded from bailouts despite pressure from some in the public citing too many jobs and output come from large companies and just because they are large doesn't mean they are infalable However 3 conditions come with the Corporate bailouts: 1. Limits on executive pay (not yet specified how much) 2. Strict Limits on dividends/stock buybacks to shareholders 3. Companies had to be viable before Covid-19 struct. If they were already failing or facing bankruptcy they will not qualify as it means it's not a productive company worth saving Link to post Share on other sites More sharing options...
Economy 52,844 Posted May 11, 2020 Author Share Posted May 11, 2020 Airlines will probably be the sector to require the most loans I'd imagine Link to post Share on other sites More sharing options...
ShayCristoforo 10,607 Posted May 11, 2020 Share Posted May 11, 2020 Airlines and anything venue related. I can't imagine how banquet halls will be staying afloat, for example. Also, good to have you back King. I didn't know you were back Get the pinot ready, because it's turtle time. Link to post Share on other sites More sharing options...
Economy 52,844 Posted May 11, 2020 Author Share Posted May 11, 2020 1 minute ago, ShayCristoforo said: Airlines and anything venue related. I can't imagine how banquet halls will be staying afloat, for example. Also, good to have you back King. I didn't know you were back I just came back from my break. I was gone about 3 weeks I was gonna go for at least a month but u know... Temptation And I would also throw restaurants in there too. Larger chains may last longer than the 2-4 weeks without financing small businesses/restaurants can't but even many large ones might not survive 3 months of shut down Fortunately the aid packages were rolled out faster for small businesses since they can't survive as long without help Link to post Share on other sites More sharing options...
ADVENTURE 856 Posted May 11, 2020 Share Posted May 11, 2020 Oh you’re back @Economy! Hope you are doing well! OT: 8 minutes ago, Economy said: 1. Limits on executive pay Link to post Share on other sites More sharing options...
Guest Posted May 11, 2020 Share Posted May 11, 2020 welcome back king. Link to post Share on other sites More sharing options...
Modern Ecstasy2 2,202 Posted May 11, 2020 Share Posted May 11, 2020 It's nice to see you back! I missed your interesting posts “Delete this thread that person is not Gaga he is a hot blonde twink” Link to post Share on other sites More sharing options...
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