Here are the largest public companies taking payroll loans meant for small businesses [MSNBC.com]
Morgan Stanley (MS)
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Source: MSNBC.com
Hundreds of millions of dollars of in Paycheck tection gram emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows.In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said.The PPP was designed to help the nation's smallest, mom-and-pop shops keep employees on payroll and prevent mass layoffs across the country amid the coronavirus pandemic.But the research shows that several of the companies that have received aid have market values well in excess of $100 million, includingDMC GlobalWave Life SciencesFiesta Restaurant GroupAtleast 75 companies that have received the aid were publicly traded"I think you've seen some pretty shameful acts by some large companies to take advantage of the system," said Howard Schultz, former Starbucks chairman and CEO. Instead, the government should act "as a backstop for the banks to give every small business and
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MS
Earnings
- 10/16/25 - Beat
MS
Sec Filings
- 12/5/25 - Form FWP
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- MS's page on the SEC website