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Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

On Apr 24, 2020
@dougchia shared
"Shareholders, wanting stock prices to go higher, pushed management to use up cash on buybacks and dividends. And senior executives, paid largely in stock and on the basis of how the stock performed, were happy to oblige." #corpgov https://t.co/HoUbmt54Hg
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They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

www.nytimes.com
On Apr 24, 2020
@dougchia shared
"Shareholders, wanting stock prices to go higher, pushed management to use up cash on buybacks and dividends. And senior executives, paid largely in stock and on the basis of how the stock performed, were happy to oblige." #corpgov https://t.co/HoUbmt54Hg
Open

Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

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