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by hedora 2289 days ago
Instead of handing them $50b, the government should offer to buy $50b of newly issued shares and sell them off over some timeframe.

As part of the deal, executive comp packages would be frozen (so the execs couldn’t simply issue more shares to themselves to avoid the impact of dilution)

1 comments

Isn't that similar to the bailout of GM? Which turned a profit for the gov't IIRC.
The US govt lost $11.2 billion on the GM bailout. https://www.reuters.com/article/us-autos-gm-treasury-idusbre...
Ah, thanks. Nevermind