Our timeline of the Papa John's controversy now includes Schnatter leaving the board
Posted in: Uncategorized
The Papa John’s-John Schattner story continues to unravel in new and interesting ways. To keep you abreast of the news, we’ve compiled a timeline of this saucy saga’s most noteworthy events, including Schnatter’s latest move (see below). But let’s start with the basics: Schnatter, Papa John’s founder, stepped down as CEO this past January after comments he made criticizing NFL commissioner Roger Goodell regarding players’ national anthem protests. Then, in May, he used the “n” word during a conference call, which led him to resign as chairman of the board. He was then cut out of all the brand’s marketing.
March 5, 2019 It’s official. Founder John Schnatter is quitting the board following legal disputes, according to Bloomberg. One caveat: Schnatter gets to keep his shares.
Feb. 4, 2019 The company’s November marketing boost has yet to have an effect: The pizza chain’s sales fell 10.5 percent in January. However, it has a big investor: Starboard reportedly is putting $200 million into Papa John’s with the option to invest an additional $50 million.
Post a Comment