COVID Stimulus Watch Individual Entry

Note: this award was refunded

Individual Award Data

Recipient Company:  Shake Shack, Inc.
Parent Company:  Shake Shack, Inc.
Award Date:  Apr 17, 2020
Award Type:  loan
Loan or Loan Guarantee Amount:  $10,000,000
Awarding Agency:  Small Business Administration
Program Name:  Paycheck Protection Program
Award Details: 

On April 19, 2020 the company responded to a controversy over the awarding by announcing it was returning the money: https://www.sec.gov/ix?doc=/Archives/edgar/data/1620533/0001104659200492...


Parent Company Data

Ownership Structure:  publicly traded (ticker symbol SHAK)
Headquartered in:  New York
Parent Sector:  restaurants and foodservice
Parent Industry:  restaurants
Employees (prior to pandemic):  7,603

Parent Accountability Issues Since 2010

Employment-related Penalties:  $90,000
Ratio of CEO Pay to that of Median Worker:  134 to 1
CEO Compensation:  $2,278,416
Worker Median Pay:  $17,032
Details on Accountability data sources