French companies benefiting from state aid can't buy back shares

Re:French companies benefiting from state aid can't buy back... by Adiqq on Monday March 30, 2020 @05:19AM (#22726378)

I'm not from France, but is it controversial at all? If company wants state support, money needs to stay at the company, that's what it is about, right? Do companies in France could abuse this rule in other way?

[ Parent | on HN ]

Re:French companies benefiting from state aid can't buy back... by mcv on Monday March 30, 2020 @05:36AM (#22726434)

It's only controversial with short-term investors and executives who care more about using free money for some quick profit than about saving jobs.

[ Parent | on HN ]

Re:French companies benefiting from state aid can't buy back... by venj on Monday March 30, 2020 @05:42AM (#22726456)

We have a long history of companies abusing the government subsidies in France. So when the covid-specific aids were announced 2 weeks ago, there was a big concern that some companies would abuse them.

So yes, this announcement was really expected

[ Parent | on HN ]

Re:French companies benefiting from state aid can't buy back... by eloisant on Monday March 30, 2020 @06:02AM (#22726576)

The controversial part is that initially the government didn't pose any condition at all.

There was a huge public backlash, which is why the government changed their plan.

[ Parent | on HN ]

Re:French companies benefiting from state aid can't buy back... by marcosdumay on Monday March 30, 2020 @11:02AM (#22728560)

I'm not in France either, but it looks like it's newsworthy exactly because some government is doing something right for once.

[ Parent | on HN ]