Starbucks CEO - calls companies like PTQ Shameful ..readPTA made the shameful list of public companies asking for a handout when it is suppoed to be for the mom and pop businesses. I guess PTQ is a mom and pop business. SHAMEFUL
At least 75 companies that have received the aid were publicly traded and received a combined $300 million in low-interest, taxpayer-backed loans, according to a separate report published by The Associated Press.
“I think you’ve seen some pretty shameful acts by some large companies to take advantage of the system,” said Howard Schultz, former Starbucks chairman and CEO. Instead, the government should act “as a backstop for the banks to give every small business and every independent restaurant a bridge to the vaccine. And that is the money and the resources to make it through.”
https://www.cnbc.com/2020/04/21/large-public-companies-are-taking-small-businesses-payroll-loans.html https://www.cnbc.com/2020/04/21/large-public-companies-are-taking-small-businesses-payroll-loans.html