The talk of business: A smart idea to help companies survive
CEOs are passing around a column by the N.Y. Times’ Andrew Ross Sorkin that has a smart proposal for helping businesses survive and even grow during the crisis:
The government could offer every American business, large and small, and every self-employed — and gig — worker a no-interest “bridge loan” guaranteed for the duration of the crisis to be paid back over a five-year period.
The only condition of the loan to businesses would be that companies continue to employ at least 90 percent of their work force at the same wage that they did before the crisis.
Between the lines: Sorkin heard all day from officials in D.C. and Fortune 500 CEOs who were forwarding the column to the White House and Congress.
- A number of new iterations of the idea are now moving around the Capitol.
Πηγή: axios.com
