Quick question. I work for Delta. We have been doing stock buybacks now for a while, we have been irritated about it, but the ceo and friends were hoping to do well and make the stock investment grade.
I wonder if the government, if it does bailout airlines, does it require all CEOs to resign and could the bailout come in the form of stock purchase by the government so that when we are back to full speed the government is paid back in stock?
Quick question. I work for Delta. We have been doing stock buybacks now for a while, we have been irritated about it, but the ceo and friends were hoping to do well and make the stock investment grade.
I wonder if the government, if it does bailout airlines, does it require all CEOs to resign and could the bailout come in the form of stock purchase by the government so that when we are back to full speed the government is paid back in stock?
Thoughts?
I think you're asking if the government bought and held stock that the only repayment necessary would be the government selling its shares?.
That's a unique angle. Something tells me there's legal restrictions preventing the government from holding equity, but I don't actually know.