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Posts: 165

Interesting turnabout for Shake Shack -- (link)

Posted by Beryllium (aka grayman) Apr 20 '20, 00:32

(No message)

https://twitter.com/NBCNews/status/1252090911804317696 (twitter.com)

Responses:

Good. -- nm - znufrii, stimulated Apr 20, 06:23
Harvard, which has an endowment of $40B received $9M... -- nm - decline Apr 20, 06:15 5
- 1) This was not through the PPP so they didn't take money from anyone 2) This is to cover student aid/housing/food for those that cannot leave campus. - MDH Apr 20, 06:27 3
  - Doesn't change the fact that they are taking money they don't need which could be applied to other schools that could really use the help -- nm - decline Apr 20, 06:48
  - Is it from the tax payer? -- nm - Krusty Apr 20, 06:46
  - Are they in session? If so, why aren’t the students who aren’t leaving not paying for their lodging as they would be anyhow? - Will Hunting Apr 20, 06:38
- Would love to see how they justify that. -- nm - znufrii, stimulated Apr 20, 06:19
Good. Others need to follow suit. -- (edited) - Krusty Apr 20, 05:59
How did they get that that money so quickly? I haven't heard of anyone actually receiving anything yet. -- nm - James Bond (aka Igor) Apr 20, 05:44 3
- We've seen a few get their money. -- nm - pmb Apr 20, 06:36
- When you big customer. You have contacts in place to make things happen. Normal small business not so lucky -- nm - budice Apr 20, 05:55 1
  - yes, this. KYC = Know Your Customer. -- nm - Diva Apr 20, 06:13
So the loophole here is that any individual store in the chain has less than 500 employees. -- nm - Qale Apr 20, 04:50 7
- Correct. If you’re in food service as long as each location has less than 500 employees they’re all treated as separate employers. -- nm - spamlet Apr 20, 05:01 4
  - ^^^^^ This. Since many locations operate independently. Many franchised fast food places will be treated as such -- nm - budice Apr 20, 05:14 3
    - You don’t have to be franchised. I don’t believe SS franchises and neither does Ruth’s Chris. -- (edited) - spamlet Apr 20, 05:20 2
      - I'm not even 100% convinced franchises should have been allowed to qualify, maybe they should be the responsibility of their "parent" companies instead. -- nm* - znufrii, stimulated Apr 20, 06:16
      - Such crap -- nm - Krusty Apr 20, 05:58
- Maybe all technically owned by franchisees? -- nm - mafic Apr 20, 04:58 1
  - Yeah, I could see the franchisee thing being a legit need... Unless! That franchise owner owns enough of the chain to go over 500 themselves. -- nm - Qale Apr 20, 05:08

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