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SHAK - Shake Shack Draws Ire After Receiving $10 Million CARES Act Loan
Shake Shack Inc. Class A
The government recently passed its gigantic federal aid program called the Coronavirus Aid, Relief, and Economic Security Act, or CARES for short. As is often the case with lengthy pieces of legislation that are written in haste, problems have cropped up. I'm not here to debate whether or not the act is, on the whole, good or bad. It's a complicated subject, and we probably won't have enough information to really figure it out until much later anyway.
That said, I am confident that businesses should try to avoid bad publicity that may come from