Shake Shack Virus Integrity Grade = B-
Shake Shack Virus Integrity Grade = B-
Credit Shake Shack for returning the $10 million PPP loan, even though they were technically eligible to get cash from the underfunded program. The real intent of the program was to help a lot of smaller businesses that don't have access to capital, and who haven't been able to get PPP money. Did Shake Shack return the money because of the backlash they were getting over this? Or because it was the right thing to do? That's not entirely clear (hence the so so grade)...but they deserve a better grade than other similarly situated companies that received the highly sought after loan money and are not returning it.