[Thriptic]

I grow tired of the narrative that companies should have seen this coming and hoarded cash. Investors are never going to allow companies to sit on massive war chests of cash in perpetuity because ROI is then zero and that's not what investors lent them the cash for. If they wanted invested cash to be sat on or hyper safe investments, they would buy government bonds or park the cash in a bank for less risk. If companies have tons of cash and aren't doing anything with it, it is inevitable that investors are rightly going to clammor for buy backs or dividends to see ROI. Besides, basically no one has the cash on hand to deal with a long-term collapse, regardless of executive behavior.

[Consultant32452]

The fortune 500 financial company I work for has 365 days of liquidity. They've committed to no layoffs and no pay cuts in 2020. It's a publicly traded company, so the investors must be ok with it.

[AnimalMuppet]

Mind telling who it is? That kind of loyalty to employees is something that some of us might like in our next job...

[elindbe2]

Bank of America has spoken along those lines.

(https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/31/ban...)