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Covid 19 Corporate Bailouts

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almoore32

Well-Known Member
Dec 22, 2007
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Liz Warren's terms

"I’ve proposed several conditions on any relief money for big companies to ensure it benefits American workers and taxpayers. These companies must:
  • Maintain payrolls and use federal funds to keep people working;
  • Provide a $15 an hour minimum wage;
  • Not engage in stock buybacks permanently;
  • Not pay out dividends or executive bonuses while they receive federal funds and for three years thereafter;
  • Provide at least one seat to workers on their board of directors — or more if they take bigger bailouts;
  • Leave collective bargaining agreements with workers in place;
  • Get shareholder and board approval for all political spending; and
  • Require that CEOs certify that their companies are complying with these rules and face criminal penalties for filing false certifications."
I like everything except the permanent nature of stock buy backs. I'd put a term limit on that.
 
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