Companies Who've Blown Their Covid-19 Response
Updated: Apr 11, 2020
As Covid-19 continues to DOMINATE the news we’ve been greatly encouraged by the number of companies who have stepped up to support their employees and communities during this trying time. However not every company has answered the call and we wanted to give you a few companies that you may want to avoid during and after this outbreak because their actions show that they probably don’t care about others as much as they should. This is by no means an exhaustive list but at least it’s a start.
Chili’s - Orlando Airport
This location is owned by franchisee company HMS Host not the parent company that owns Chili’s. So, the rest of them are safe for now but the next time you fly through Orlando PLEASE find somewhere else to order your food. Workers were called in to clean and disinfect the entire restaurant before being taken aside one at a time and getting fired on the spot. We all know that this is an absolutely brutal time for the restaurant and hospitality industry but this is simply not the way you handle this situation.
Big Banks - Bank of America, Goldman Sachs, BNY Mellon, Citi Group, JP Morgan Chase, Morgan Stanley, State Street, and Wells Fargo
It should come as no surprise that during another catastrophe that has induced a stock market meltdown that the big banks have found a way to blow it again. Each bank listed above announced they would halt stock buybacks for the second quarter “to maintain solvency and liquidity for our customers”. Stock buybacks are part of what has gotten some public companies in hot water during the last few weeks anyway so the fact that they announced it like it was some grand heroic gesture when in fact they shouldn’t have been buying back their shares in the volumes they were anyway is ridiculous.
Know any other companies who have dropped the ball in responding to Covid-19? Send us a message so we can add them to the list!