Warren's 8 demands for corporations receiving federal bailouts

[LonePirate]

Link to tweet

Sahil Kapur @sahilkapur

Elizabeth Warren demands eight conditions attached to a bailout package for business, including a $15 minimum wage for workers, a ban on share buybacks, and no dividends or executive bonuses for 3 years.

1. Maintain payrolls and use funds to pay employees
2. $15 min wage within 1 year
3. Permanent ban on share repurchases
4. No dividends or executive bonuses while receiving aid through 3 years afterward
5. At least 1 board member elected by workers
6. Collective bargaining agreements to remain in place without changes
7. Shareholder and board approval for political expenditures
8. CEOs must certify company compliance and face criminal penalties for violations

[sheshe2]

1. That's my Senator.

Thank you Elizabeth.

[DonaldsRump]

2. She's our Persister Sister!

Thank you, Senator Warren: you tell it like it is.

[gristy]

3. Warren too subscribes to "never let a crisis go to waste".

Outstanding

[smirkymonkey]

4. Hear, hear!

Thank you Elizabeth! This is how you do it, and don't give them an inch!

[progressoid]

5. That's gonna piss off some 1%ers.

[Hassler]

6. This is why she was my preferred candidate.

[in2herbs]

8. She still is my preferred candidate. nt

[whathehell]

15. Mine too.

She's the best.

[Tweedy]

27. Me, as well

Thank goodness she is still in the senate!

[burrowowl]

39. Mine too

[whathehell]

41. Yes

absolutely.

[JoeDuck]

49. Mine too.

[rainy]

52. Me too!

[geardaddy]

56. Mine too.

[DEbluedude]

7. All reasonable and doable.

[bucolic_frolic]

9. That's putting teeth into it!

EW is just so so so good!

[flibbitygiblets]

10. 9. Not a dime goes to any Trump property or business

and if we find out it did, he forfeits ALL his money to the homeless and uninsured. And must leave the county immediately. On a rowboat. While citizens pelt him from the shore with rotten tomatoes

[Hermit-The-Prog]

42. Don't be cruel. What if the rowboat leaks? Throw black walnuts with the tomatoes.

[flibbitygiblets]

61. It's a deal, Hermit!

[Volaris]

11. Good for her but Yertles senate will never approve it.

The sun will explode before they willingly give the proles anything of the sort.

[whathehell]

14. Maybe it won't be his senate after the November election..

How great would that be?

[Volaris]

36. That's what we're all hoping for.

[whathehell]

40. Absolutely. n/t

[turbinetree]

12. She was my preferred candidate.....................

[pecosbob]

13. Great...meanwhile the House already gutted the existing bill

Any corporation with more than five hundred employees are exempt from paying any sick leave for employees with coronavirus. This means almost sixty million American workers will receive no sick leave at all unless their employers are simply feeling generous. It's starting to all look like a corporate giveaway.

[Tweedy]

29. Because the White House was opposed

The Speaker is trying to get something done that helps a.s.a.p.

Have no doubt, the democrats will keep trying and it looks like GOP opposition may be wilting.

Moreover, how hard would it be to vote against Senator Warren's rules right now? I double dog dare them to do it. Doubt any senator is in a hurry to bailout multinationals while voting against Senator Warren's common sense rules.

There is a reason Moscow Mitch is sitting on the senate bill. Fully expect the GOP to support some major socialism, with most of it going to the top (d'uh!) and just enough for the rest of us to make it palatable.

In other words, expect a trickle down bailout from the GOP.

[Laelth]

16. k&r n/t

-Laelth

[DeminPennswoods]

17. Good for Sen Warren

nt

[marieo1]

18. Right on the money

She is a brilliant lady. About time someone will keep corporations in line. I know she will be fighting for these reforms.

[uponit7771]

19. K&R

[Warpy]

20. #4 aint gonna fly

I can see a freeze on executive salaries, an end to executive bonuses, and a cutback in stock options, but there are too many retirees in this country who depend on those dividend checks.

I live on far less than my income, so I can go a few years without it. Other people aren't so lucky and without that money coming in will be choosing between groceries and necessary medications.

Obviously executive pay packages have gotten insane and those, in combination with stock buyback schemes to pump the executive compensation still higher, have combined to reduce dividend payouts considerably. I would rather see the executive scams ended without hurting retirees.

[Wounded Bear]

25. Yeah, will need some negotiation there...nt

[Tweedy]

31. Bailout money for dividends?

Would it not be preferable to increase social security payments, or cost of living, than to use bailout money for benefits that will mainly end up in the pockets of the uber wealthy?

Would it not be better to simply send checks to retirees?

The primary beneficiaries of dividend payouts are not seniors living on limited incomes. Seems to me democrats should be fighting persistently to avoid any policy that will use taxpayer dollars to once more increase our already abysmal income inequality.

[Warpy]

35. It's the 3 year hiatus that aint gonna fly

Corporations will rebound fairly quickly and get that money paid back in the absence of continued scamming by chief executives. Some might take only a couple of quarters, others might take a little more. However, it will happen quickly in the absence of fat bonuses, stock buybacks, and other abuses.

A lot of retirees can't handle a 3 year gap in income. That is the objectionable part, not an absence of dividends while the company is on the dole in order to survive.

Sorry I didn't make that part clearer.

[ooky]

33. I don't think a lot of it will fly. But I'm glad to see her get it all

on the table.

[uponit7771]

47. Half of it would

[Duppers]

21. Excellent! K&R

[mahannah]

22. Much as I'd like her in the White House, I'm glad she's in the Senate.

[Evolve Dammit]

23. Thank you Senator Warren!

[warmfeet]

24. She is just wonderful.

She does not even need to be in the white house, or the cabinet of the next Democratic administration. She just needs to keep on influencing policy. I hope she can be a major voice for policy in this country, going forward.

[Backseat Driver]

26. That sounds good, Liz!

[Sherman A1]

28. K&R

[hangaleft]

30. FUCK YEAH!!!!

You tell ‘em, Liz!!

That’s my candidate for president. My first and only choice.

I will vote for Biden. But I lament the lost opportunity. This is the kind of leadership we desperately need. Of course, removing tRump is job #1. But implementation of reforms like this should be at the top of our To Do list once we rid ourselves of the dicktator. It remains to be seen whether they’ll even be on our radar.

[zentrum]

32. Wish so hard it could have been her

....as the candidate.

[SleeplessinSoCal]

34. Warren direct link

For retweeting:

Link to tweet

[Karadeniz]

37. Great ideas! She's so smart, dedicated...I'll never figure out her lack of votes.

[Pepsidog]

38. She would have made a darn good president. 9. Airlines allow 2 bags and more feet space.

[Layzeebeaver]

43. Oh yes!

One small step closer toward democratisation of the work place!

[Mike Niendorff]

44. K&R.

Outstanding.


MDN

[cstanleytech]

45. I would not count on number 3, 4 probably should be eliminated by 3 years if certain goals are

met such as improving overall workers pay first for example and 6 will need to be amended to allow some leeway in the event the company needs to be renegotiated in good faith due to something like an unforeseen market change that might mean the company will go under if its not done.

[BlueMTexpat]

46. Go, Elizabeth!

My heart is STILL with you!

[whistler162]

48. #3 won't work...

like banning axes because Lizzie Borden used one to kill her parents.

Better would be

Stock buybacks must equal all bonuses given in that year to lower management and non-management workers. The same with stock dividends. Upper management bonuses can't exceed the amount used in stock buybacks in that year.

[nwliberalkiwi]

50. Agree

I mostly agree with the Senator's points. Unfortunately, the reality is that the Democratic Leadership will take a lesser package that will benefit the Rich and Business interested and the people will be left with crumbs once again. We as Democrats need to stand up and fight!!!

[samnsara]

51. this bill will never get passed... cant we just send a clean one out? this isnt the time...

..not that they arent good points but it just gives the gop more to hold out on. we have ppl really hurting right now..this could drag on for weeks.

[exboyfil]

53. Equity positions or preferred stock

[Firestorm49]

54. Nice leadership position, and the thought is appreciated, but

Do you think Moscow Mitch will buy into anything that helps the worker? $15 per hour makes them wet their drawers.

This to me is common sense and I’m all for it, but it doesn’t mean squat if the other side retreats into their shells - (pin directly pointed at Moscow Mitch.)

[peacebuzzard]

55. Liz Warren cases all angles

Up down sideways Inside out
The epitome of critical thinking. 😍 I love warren

[LudwigPastorius]

57. She needs to be Joe Biden's running mate....like immediately. n/t

[dragonlady]

60. I think so too! n/t

[WyattKansas]

58. Democratic politicians should learn from republicans to plant poison pills...

To all of their hijacking of any aid for Corporate America. Use their same fuzzy schemes to screw them back.

[Maven]

59. SO PROUD to have supported her candidacy.

[crickets]

62. Love it. K&R

[joost5]

63. 100% - love it