Dana7360
Diamond Member
- Aug 6, 2014
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This is a very interesting article.
Apparently money from the CARES act last year went to oil companies. It was supposed to be used to preserve the jobs of the workers.
Not so much.
Some oil companies took the money, then laid off workers, then gave millions in bonuses to executives. Some even filed bankruptcy while taking millions out of the companies in bonuses.
That's right. Executives got bonuses while they bankrupted the companies.
Apparently money from the CARES act last year went to oil companies. It was supposed to be used to preserve the jobs of the workers.
Not so much.
Some oil companies took the money, then laid off workers, then gave millions in bonuses to executives. Some even filed bankruptcy while taking millions out of the companies in bonuses.
That's right. Executives got bonuses while they bankrupted the companies.
Bailed-out, bankrupt oil firms pay millions in executive bonuses while laying off workers
Senator Ted Cruz and other fossil fuel champions said bailing out fossil fuels would protect workers. But the companies are giving executives bonuses, cutting jobs, and losing money for investors.
bailoutwatch.org