Ruth’s Chris faces backlash=gives back $20m
A few days ago we spoke about Shake Shack giving back their loan while Ruth’s Chris had accepted theirs, when they seemingly were less deserving than actual small businesses struggling in these times.
Today they announced they’re giving back their $20m loan after pressure from the people.
Another example the power of the people prevailed. They could have still kept it, but it would have obviously hurt them in the long run, and they realized it.