News

The story of Ruth’s Chris Steakhouse founder Ruth Fertel, a petite single mother who got a chemistry degree at 19, butchered 30-pound beef loins by hand, and staffed her first steakhouse with single mothers

The grandson of Ruth’s Chris Steakhouse founder Ruth Fertel blasted the company on Twitter, saying its actions conflict with what his grandmother would have wanted. On April 23, Ruth’s Chris Steakhouse announced that the company will return the $US20 million it received in small-business loans from the federal government. Rien […]
The story of Ruth’s Chris Steakhouse founder Ruth Fertel, a petite single mother who got a chemistry degree at 19, butchered 30-pound beef loins by hand, and staffed her first steakhouse with single mothers
Strategy

14 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses

The $US349 billion Paycheck Protection Program launched in early April was meant to bolster struggling small businesses. It was aimed at providing businesses with fewer than 500 employees with two-year, low-interest loans to cover salaries, wages, benefits, and certain taxes. The program would provide up to $US10 million per company. […]
14 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses
News

More than 150,000 people have signed a petition calling for Ruth’s Chris Steak House to return $20 million in loans meant to help small businesses

More than 157,000 people have signed a petition calling for Ruth’s Chris to return $US20 million in Paycheck Protection Program loans intended to support small businesses. The steakhouse was granted two $US10 million PPP loans, which it qualified for because of the program’s exception for the restaurant and hotel industries. […]
More than 150,000 people have signed a petition calling for Ruth’s Chris Steak House to return $20 million in loans meant to help small businesses
News

America’s richest fast-food giants qualify for $10 million coronavirus stimulus loans, revealing a disturbing loophole in a program designed to help struggling small businesses

The paycheck protection program, intended to save struggling small business, included a loophole that allowed restaurant companies as large as McDonald’s to receive millions of dollars in loans. Chains including Ruth’s Chris, Potbelly Sandwiches, and Taco Cabana received backlash after getting PPP loans, with Shake Shack returning a $US10 million […]
America’s richest fast-food giants qualify for $10 million coronavirus stimulus loans, revealing a disturbing loophole in a program designed to help struggling small businesses
News

Shake Shack returned its $10 million coronavirus stimulus loan. Ruth’s Chris, Potbelly, and other chains are keeping more than $81 million meant for struggling small businesses.

Shake Shack is returning a $US10 million loan after critics slammed the burger chain for getting money from a program meant to benefit small businesses struggling to survive the coronavirus pandemic. Six other chains – including Ruth’s Chris, Potbelly Sandwiches, and Taco Cabana – have not indicated that they planned […]
Shake Shack returned its $10 million coronavirus stimulus loan. Ruth’s Chris, Potbelly, and other chains are keeping more than $81 million meant for struggling small businesses.