Tom Brady’s company TB12 received more than $960,000 PPP loan

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: Tom Brady’s sports performance and nutrition company received a Paycheck Protection Program loan of $960,855 from the federal government, according to data released by the U.S. Small Business Administration.

Source: CNBC.com – video report

Date: Dec 05, 2020

Link: https://www.cnbc.com/2020/12/05/tom-bradys-company-tb12-received-more-than-960000-ppp-loan.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Questions for discussion:

  • Is it unethical for this firm to tap into this fund?
  • Do you think there will be any backlash?
  • How should the firm deal with this public relations issue?

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