Danny Meyer: Why Taking PPP Loans Is Irresponsible

Inside the Hive

Vanity Fair

News

4.2 • 1.5K Ratings

🗓️ 1 May 2020

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Emily Jane Fox and Joe Hagan are back for an interview with Danny Meyer, founder of Union Square Hospitality Group and Shake Shack. Meyer and Fox discuss the controversy around Shake Shack applying for—and returning—a $10 million Paycheck Protection Program loan and the wreckage restaurants are wading through to survive through COVID-19. Meyer elucidates the government’s many failures, his suggestions for helpful legislation, and what restaurants will look like once diners can return to full rooms and menus: which establishments will survive and what people will want to eat. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to this week's Inside the Hive. I am Emily Jane Fox and I am joined by my co-host
0:09.2	Joe.
0:11.2	Hello everybody. I'm just going to interrupt and and just I want to do that over
0:15.6	welcome to just kidding hi guys it's Nick Billton he's back he's back he's back and a
0:21.9	menace already.
0:24.0	I know, just interrupting, taking over the show.
0:26.6	I'm going to kick you guys out of the Zoom room.
0:28.6	Please.
0:29.6	Changing my virtual background.
0:31.0	Just take it.
0:32.0	Oh, Nick, Nick have some funky backgrounds.
0:35.7	We're on Zoom while we do this.
0:38.4	I'm going to interrupt you interrupt me because we have major breaking news.
0:43.0	Major breaking news.
0:44.3	Did you see yesterday that this is all over?
0:49.1	We have all been inside our houses for 40 some odd days. The medical community has been in pure heroic
0:58.1	chaos. Government from Washington down to local government have been up in arms but fear not
1:05.8	our Fresh Prince of colorama Jared Corey Kushner has come to declare
1:12.0	Mission Accomplish I don't know if you saw this yesterday. He was
1:15.8	interviewed on where else, Fox News, and he said the medical crisis is behind us. This has been a huge success for the government and this is all over mission accomplished job well done.
1:35.0	You know how, you know like those leaderboards that you see in like the sports things, like the
1:41.4	horse races where the horses are, you know know they're going up and down in my
	...

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