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Harvard gets $9 million (despite their $41 billion endowment)
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(04-20-2020, 02:19 PM)StroudCrowd1 Wrote:(04-20-2020, 02:14 PM)TJBender Wrote: The thing about all this and why I kinda sorta understand it is that most chain restaurants and hotels are franchised. It's got the Ruth's Chris name on the sign, but that particular location might be owned by Joe Smith. Ruth isn't hurting, but Joe is, and he needs that loan to make payroll, because the corporate office isn't helping. I'd prefer to see that money go directly to the franchisees and not the company, but to look at a Days Inn sign and say that hotel is doing fine and shouldn't get any stimulus funds shows a lack of understanding of how franchises work. Days Inn is fine. That particular Days Inn has probably laid off most of its staff to keep the lights on. If you have 200k a year in taxable income there is no excuse for you not to have enough savings to last a long time without a government handout. |
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