Eagles, Pearl Jam, Guns N’ Roses Among Groups Receiving PPP Loans for Postponed Tours

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Comments

  • KN219077
    KN219077 Montana Posts: 1,205
    cwja said:
    Not cool. There was a finite amount of money available. They literally took money from a business that needed it. It’s a disease and they’re all green.
    Not to pick on you, but that’s just not true. There are still PPP funds available and are being left unclaimed as of now. I’m sure PJ did it to pay their crew something rather than nothing.
  • pearljammr78
    pearljammr78 Posts: 1,613
    edited July 2020
    Pearl Jam is a business. Businesses have employees. Employees have salaries and hopefully benefits. This wasn’t taken so Boom could buy a couple pounds of Maui Wowie, it was to cover the costs of said employees. Whatever it takes. If it goes to the people effected or affected (I always forget what’s right) then good on them. 
    Peace,Love and Pearl Jam.
  • Zod
    Zod Posts: 11,072
    nicknyr15 said:
    dr122931 said:
    I have no issue with this.  They didn’t fuck their employees.  The 5 band members lost lots of money and made sure their employees were paid.  I’m a partner  with a law firm and we did the same 
    They had ways to generate income. Deftones , NIN , to name a few sold merch from canceled gigs to pay their crew. PJ could have easily did that. To me it’s not a good look. Just my opinion. Replace the name “Pearl Jam” with some other business with equal revenue and it would be a travesty to some people here. 
    So the band borrowed money to pay their crew for a tour that didn't happen.  They'll then pay their crew when that tour does happen, plus they'll have to pay back the loan.  Which means they're taking a decent pay cut whenever that tour happens.   Since the borrowed the money (and have to pay it back) they're essentially paying their staff out of their own pockets.

    That seems pretty honourable to me?

  • on2legs
    on2legs Posts: 16,386
    edited July 2020
    Zod said:
    nicknyr15 said:
    dr122931 said:
    I have no issue with this.  They didn’t fuck their employees.  The 5 band members lost lots of money and made sure their employees were paid.  I’m a partner  with a law firm and we did the same 
    They had ways to generate income. Deftones , NIN , to name a few sold merch from canceled gigs to pay their crew. PJ could have easily did that. To me it’s not a good look. Just my opinion. Replace the name “Pearl Jam” with some other business with equal revenue and it would be a travesty to some people here. 
    So the band borrowed money to pay their crew for a tour that didn't happen.  They'll then pay their crew when that tour does happen, plus they'll have to pay back the loan.  Which means they're taking a decent pay cut whenever that tour happens.   Since the borrowed the money (and have to pay it back) they're essentially paying their staff out of their own pockets.

    That seems pretty honourable to me?

    There is a loan forgiveness component if they meet certain requirements. 
    Post edited by on2legs on
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  • JimmyV
    JimmyV Boston's MetroWest Posts: 19,649
    Glad they took steps to get their people paid this year.
    ___________________________________________

    "...I changed by not changing at all..."
  • pjl44
    pjl44 Posts: 10,852
    How does a Canadian band get to stick their mitts in the cookie jar?
  • JPPJ84
    JPPJ84 Hamburg, Germany Posts: 3,464
    pjl44 said:
    How does a Canadian band get to stick their mitts in the cookie jar?
    Touring in the US they may have hired US roadies/ companies?! 
  • pjl44
    pjl44 Posts: 10,852
    JPPJ84 said:
    pjl44 said:
    How does a Canadian band get to stick their mitts in the cookie jar?
    Touring in the US they may have hired US roadies/ companies?! 
    Hmmmmmmm
  • Zod
    Zod Posts: 11,072
    pjl44 said:
    How does a Canadian band get to stick their mitts in the cookie jar?
    We have a program where our government will subsidize 75% of a persons wages if the employer keeps them employed.
  • pjl44
    pjl44 Posts: 10,852
    Zod said:
    pjl44 said:
    How does a Canadian band get to stick their mitts in the cookie jar?
    We have a program where our government will subsidize 75% of a persons wages if the employer keeps them employed.
    Is that available to Staind?
  • Vedd Hedd
    Vedd Hedd Posts: 4,639
    It's a loan, not a grant.  They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up.  I have no problem with this. 

    I DO have a problem with companies that use this money, and then fire or layoff people. 
    Turn this anger into
    Nuclear fission
  • WhatYouTaughtMe
    WhatYouTaughtMe Posts: 4,957
    PJINFLA said:
    Curious if the crew was paid by the band in 2019 when there was no tour?
    Why would they be? I imagine the roadies and crew have other jobs or other bands that they work for when PJ isn't touring. 
  • Poncier
    Poncier Posts: 18,574
    edited July 2020
    Vedd Hedd said:
    It's a loan, not a grant.  They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up.  I have no problem with this. 

    I DO have a problem with companies that use this money, and then fire or layoff people. 
    No. They don't have to pay it back if they meet the guidelines of how they use the funds, its a forgivable loan.
    This weekend we rock Portland
  • Vedd Hedd
    Vedd Hedd Posts: 4,639
    Poncier said:
    Vedd Hedd said:
    It's a loan, not a grant.  They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up.  I have no problem with this. 

    I DO have a problem with companies that use this money, and then fire or layoff people. 
    No. They don't have to pay it back if they meet the guidelines of how they use the funds, its a forgivable loan.
    Ah, thats correct.   They will have to pay it back if (for some reason) they dont use it for the intended purpose, I think.  

    Either way, I am ok with this.  Its going to the crew. 
    Turn this anger into
    Nuclear fission
  • demetrios
    demetrios Posts: 99,888
    Zod said:
    pjl44 said:
    How does a Canadian band get to stick their mitts in the cookie jar?
    We have a program where our government will subsidize 75% of a persons wages if the employer keeps them employed.

    Not a Liberal fan but man Trudeau has helped us out during this. 
  • WesC
    WesC Posts: 92
    Terrible look fellas.  Wonder what old Ed would have said about this 25 years ago?  It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?"
    This was today's
    6/30/06 Milwaukee 8/23/09 Chicago 05/03/10 Kansas City 09/03/11 Alpine Valley 09/04/11 Alpine Valley 11/16/13 Oklahoma City
    11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston
    08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
  • pjl44
    pjl44 Posts: 10,852
    WesC said:
    Terrible look fellas.  Wonder what old Ed would have said about this 25 years ago?  It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?"
    This was today's
    You think in 1995 Ed would have had an opinion on federal payroll loans during a global pandemic?
  • WesC
    WesC Posts: 92
    pjl44 said:
    WesC said:
    Terrible look fellas.  Wonder what old Ed would have said about this 25 years ago?  It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?"
    This was today's
    You think in 1995 Ed would have had an opinion on federal payroll loans during a global pandemic?
    No
    6/30/06 Milwaukee 8/23/09 Chicago 05/03/10 Kansas City 09/03/11 Alpine Valley 09/04/11 Alpine Valley 11/16/13 Oklahoma City
    11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston
    08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
  • elvistheking44
    elvistheking44 Posts: 4,553
    WesC said:
    Terrible look fellas.  Wonder what old Ed would have said about this 25 years ago?  It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?"
    This was today's
    The money was for small business, Pearl Jam is a small business with employees. What should they have done?
  • igotid88
    igotid88 Posts: 29,009
    https://989kkzx.iheart.com/content/2020-07-08-jeff-ament-says-pearl-jam-is-trying-to-take-care-of-40-50-crew-members/
    I miss igotid88

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