With a new coronavirus relief measure stalled in Congress, CEOs of some of the world’s biggest companies have banded together to send a message to Washington: Get money to small businesses now!
Why it matters: “By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon,” warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.
Signatories include the heads of Salesforce, Alphabet, Facebook, Microsoft, Walmart, McDonald’s, Disney, Quibi, IBM, Merck, Marriott, the Business Roundtable, the U.S. Chamber of Commerce and more.
