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I'm not from France, but is it controversial at all? If company wants state support, money needs to stay at the company, that's what it is about, right? Do companies in France could abuse this rule in other way?
Prediction: that won't be a precondition in the USA, and if it was, most companies would decline the aid. You see, buybacks are "that one weird trick" where you can steal from the market, by inflating the EPS and hence your employee stock options, and not go to jail.
To play devil's advocate here, how is that any different from increasing your dividends?
I mean there are other ways to extract money from a company than paying dividends or doing share buy backs.
Are they also going to cap salaries for employees? Are they also going to stop companies paying out large fees to related companies? What about investing in expensive but highly speculative projects?
That's a false statement, Le Maire said that he ask shareholders not to. Companies and shareholders can do what the hell they want.
I'm not from France, but is it controversial at all? If company wants state support, money needs to stay at the company, that's what it is about, right? Do companies in France could abuse this rule in other way?
So yes, this announcement was really expected
Prediction: that won't be a precondition in the USA, and if it was, most companies would decline the aid. You see, buybacks are "that one weird trick" where you can steal from the market, by inflating the EPS and hence your employee stock options, and not go to jail.
Executive total compensation is a wider problem, but shareholders seems generally satisfied with letting boards have almost as much of the company money as they want. Only people who really take it too far like Carlos Ghosn get punished.
Prediction: that won't be a precondition in the USA, and if it was, most companies would decline the aid. You see, buybacks are "that one weird trick" where you can steal from the market, by inflating the EPS and hence your employee stock options, and not go to jail.
That's a false statement, Le Maire said that he ask shareholders not to. Companies and shareholders can do what the hell they want.
Right now, it's your word against Reuter's. Do you have a source?
"Enfin, les employeurs bénéficiant du dispositif de chômage partiel, lui aussi financé sur crédits publics, sont appelés à « la plus grande modération » en matière de dividendes."
Perhaps a better approach would be to require these companies to maintain capital ratios like we do for banks. They could be forced to raise more equity if their debt becomes too large. After all the point should be to prevent them from needing future bailouts. I mean there are other ways to extract money from a company than paying dividends or doing share buy backs. Are they also going to cap salaries for employees?…