hospitality corp is gaming the bailout at other's expense

"... before the money ran out, Ruth's Hospitality Group, the parent company of Ruth’s Chris Steak House, was able to secure a $20 million loan. How did a company with thousands of employees and over $441 million in revenue last year — and $86 million cash reserves — benefit from this fund while thousands of real small businesses received nothing?"

click through via "just let me read it"

https://popular.info/p/a-raw-deal

[Robin Garr]

Shake Shack is returning ten million dollars

https://www.linkedin.com/pulse/shake-shack-returning-its-ppp-loan-heres-why-randy-garutti/

You know how it happened.

Ruth’s Chris to Repay Loan Amid Outcry Over Rescue Program
Treasury Department directs public companies to return aid meant for smaller businesses hurt by coronavirus pandemic

[Robin Garr]

It's nice to know that public opinion sometimes works. Thanks for the post, Joel.

Public opinion definitely forced their hand, but I don't think it'll undo the damage to their reputation.

Ya know, between the whole chain thing and the sizzling plate overcooking the steaks deal I was never inclined to darken their door. Now that door is permanently closed.