[jmclnx]

That works out to 2.5 million per job.

This is not the first time this type of thing happened almost looks like a laundering scam. Companies that do this should face real and very expensive consequences. But we know that will never happen.

[meetingthrower]

The tfa says that almost all of this went to big public automakers. Enraging. I initially thought that this was going to some small biz thing that at least would slosh the money around through the owners. But nope - corp welfare!

[rogerrogerr]

Doesn’t this basically mean the money was sloshed around to 401k and pension funds?

[fn-mote]

That statement trivializes the whole situation.

Short answer: no.

The government just gave money to every executive in the company, and your argument is that because the company stock is also held by pension funds, they were supporting pension funds? Makes little sense.

Just giving the money straight to the pension funds would be much more efficient. This method enriches a bunch of non-contributors along the way.

[rogerrogerr]

Why do you say it was given to executives in the company? The shareholders (which in the case of e.g. Ford, appear to be only 0.3% executives of the company) are the owners of the company. An extra dollar of income to the company does not become accessible to the executives as personal income without being allocated as such by the shareholders.

If you're claiming otherwise, it would be fascinating to see the evidence.

[turtlesdown11]

The first Trump term tariffs on washing machines was studied, it resulted in jobs that cost ~820k each in higher prices to the consumer.

The important takeaway is not only did the consumer pay more, but corporate profits rose.

https://bfi.uchicago.edu/wp-content/uploads/BFI_WP_201961-1....