Bailed-out businesses face dividend ban and limits on executive pay as the Government QUADRUPLES the size of coronavirus loans to £200m Maximum loans available to large companies to increase from £50m to £200m But firms taking them up will have to stop paying dividends They will also face limitations on executive pay, bonuses and share … Read more
Government considering banning dividends at companies which take out taxpayer-backed loans in coronavirus crisis By Lucy White For The Daily Mail Published: 21:54 BST, 17 May 2020 | Updated: 21:54 BST, 17 May 2020 The Government is considering banning dividends at companies which take out taxpayer-backed loans in the coronavirus crisis. Firms which borrow up … Read more
Bailed-out TUI’s bosses refuse to accept a pay cut despite furloughing 11,000 UK staff TUI received a £1.6billion bailout from the German government It claims its executive board is ‘also making its financial contribution in the crisis’ It also said it was unlikely there would be any bonuses this year for executives By Jamie Nimmo … Read more