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  • Bank of America CEO: Employees come first in the coronavirus pandemic

    Bank of America CEO: Employees come first in the coronavirus pandemic

    Bank of America CEO Brian Moynihan, World Economic Forum executive chairman Klaus Schwab, and other WEF officials co-signed a letter that called on the business community to be “leaders of responsiveness and stewards of resilience.”

    H/T: Barron's

    True Pundit reports thousands of Bank of America business customers were being turned away on Friday when trying to apply for government-backed small business loans as part of the Trump administration’s $2 Trillion coronavirus bailout.

    “We will continue to embody ‘stakeholder capitalism’ and do all we can to help those who are affected, and help secure our common prosperity,” the letter added. The first principle the letter endorsed was, “To employees, our principle is to keep you safe: We will continue do everything we can to protect your workplace, and to help you to adapt to the new working conditions.”

    Read the full letter addressed to the business community by Bank of America Chairman and CEO Brian Moynihan, World Economic Forum executive chairman Klaus Schwab, and other WEF officials below.

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