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News: Big companies must be reluctant to consider govt. taxes, says Lloyd Blankfein

The ex-Goldman and Sachs CEO, Lloyd Blankfein said in a conference earlier this week that the large companies, the ones who operate overseas, must be reluctant to take taxpayer money amid the coronavirus pandemic. This comes after he was questioned how the public will view companies that accept money from the federal small business relief program.

Blankfein said, “I think over time, the goal-posts will shift” from a sense of urgency in disbursing funds to greater scrutiny of companies that shouldn’t have kept them, Blankfein said. “It’s kind of a natural phenomenon, I don’t think it’s bad behavior on the part of the government.”