Faced with a disaster, “no one should be left by the wayside”. This expression, often used by business leaders when they made the decision to close a business, applies perfectly to the state of health emergency we are going through. It starts with the patients, of course, the caregivers too, but also the employees and entrepreneurs who, if they do not suffer from pathologies or are less exposed to the disease, are in a situation of economic risk.
To protect them, the State has unsheathed it and the guarantee mechanisms to make credits almost automatic. With its usual recourse to the community, France has put the package, and the Prime Minister was right to emphasize,, that the country has implemented what was done best in Europe, “whatever the cost” . And indeed, it will cost taxpayers one day, because it is out of the question to leave the addition to our grandchildren in the form of abysmal debt on the pretext that they are escaping today from the scourge of the virus.
Besides the community response, what can companies that are not in survival mode do to express their solidarity? Initiatives are multiplying everywhere, since the LVMH “coup” on masks bought in the hussar in China and, up to the thousands of rooms and gas vouchers made available by Accor and Total for nursing staff.
The thorny question of dividends
More institutionally, the boards of directors are all currently working on the thorny issue of dividends. Their distribution could be reviewed as a mark of elementary caution in a tight cash management period, and a gesture by shareholders. But they also lost virtually a third of their assets … Elior the first, then Airbus, settled for the benefit of the company this debate which will divide the boards in the coming weeks. And the Minister of Econ[…]
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