6 things big companies must guarantee to receive a rescue plan

6 things big companies must guarantee to receive a rescue plan

Rescue Plan: By then, with the pandemic level and associated risks reaching its current level (and expected consequences), most will agree that it is important for the federal government to do what it can to wal - up, our economy and the future well - being of our citizens. This includes a combination of guaranteeing our people, some degree of financial stability, and ensuring that companies remain stable - enough, to survive and employ our citizens in the future! In the past, however, when large firms were offered incentives, loans and a so-called bail-out, executives of these companies seemed to try to take advantage of not using the funds for the desired needs. To protect against these abuses while ensuring that our businesses survive after this crisis and employ Americans, we need some provisions and guarantees. Although Senate Majority Leader Mitch McConnell has enacted legislation where there is no protection, and companies are preferred over citizens, this article will attempt to consider, investigate, review, and discuss six guarantees that should be included.

1. Protect workers: The protection of workers must be a priority for any financial support. Therefore, every company that receives money must agree and guarantee a certain minimum level of employment during and after this crisis!

2. Funds must be used to make the company financially stronger: instead of going to Executive bonuses and buying back shares, the government must be guaranteed, the funds must be used to ensure the financial stability of the company and a sustainable future. Therefore, a clear plan must be part of this agreement!

3. No share buyback: When companies use these funds to support their share prices by buying back shares, this does not help to strengthen the company, but rather serves only the best interests of the wealthiest shareholders!

4. No Executive Bonuses Until Reimbursed: Unless / until all funds provided / provided are reimbursed, under strict reimbursement conditions, there should be no Executive bonus bonus or large pay increases for these executives!

5. Vision for the future: Instead of no or haphazard planning, it should be well thought out and thoughtful! Every company must agree to a common vision that focuses on the common good before they receive funding!

6. Short-Term Loan or Equity: Depending on the particular company and industry, a decision must be made as to whether the conditions require it, short-term loans or, more accurately, the government that adopts equity. These decisions must be taken carefully, fully and in the interest of our citizens in the future!

Wake up America and, question, any rescue, be based on specific warranties and specifications! This crisis needs clear attention for the bigger picture!