Shake Shack

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The fast-food chain, Shake Shack, was among the businesses criticized for accessing emergency funds for small businesses from the U.S. federal government.

Questions:

  1. What is the stimulus money to be used for?
  2. What has been the controversy associated with the funds?
  3. Why did the chain decide to return the loan money?

Source:

Ramzy, A. (2020). Shake Shack Says It Will Return Its $10 Million Stimulus Loan. The New York Times, April 20 (Retrievable online at https://www.nytimes.com/2020/04/20/business/shake-shack-returning-loan-ppp-coronavirus.html)