Technology Papa John's founder John Schnatter resigns as chairman of company's board after apologizing for racial slur

06:51  12 july  2018
06:51  12 july  2018 Source:   cnbc.com

Papa John's expels John Schnatter from HQ office

  Papa John's expels John Schnatter from HQ office It's the latest development after the pizza chain's founder admitted to using a racial slur on a business callA special committee of Papa John's board of directors has "approved and directed the company to terminate a sublease agreement granting Mr. Schnatter the right to use certain office space at the company's corporate headquarters," the company said in a statement released late Friday.

Papa John ' s Pizza' s Chairman John Schnatter has acknowledged using a racial slur during a May conference call and apologized Wednesday following a media report that also said the pizza chain founder had graphically described violence against minorities.

Papa John ’ s founder John Schnatter apologized Wednesday for using a racial slur during a conference call in May. (AP Photo/Timothy D. Easley, File).


Papa John's founder John Schnatter has resigned as chairman of his company's board after admitting and apologizing for using the N-word during a May conference call.

The company said in a statement it will appoint a new chairman in the coming weeks. Olivia Kirtley will act as the company’s lead independent director, it added.

News of Schnatter's resignation came shortly after Yahoo Sports reported that the Major League Baseball had indefinitely suspended its Papa Slam promotion — a campaign that both sides have collaborated on since 2016.

MLB 'indefinitely' suspends Papa John’s promotion

  MLB 'indefinitely' suspends Papa John’s promotion Major League Baseball has announced its Papa John’s promotion has been “indefinitely suspended,” Yahoo Sports reportedly has confirmed. The substance of the promotion involves MLB bestowing the moniker “Papa Slams” upon grand slams. Since 2016, fans have been receiving a 40 percent discount on their Papa John’s order the next day by using an online coupon code. According to Yahoo’s report, that promotion will now cease, at least temporarily. TheThe substance of the promotion involves MLB bestowing the moniker “Papa Slams” upon grand slams. Since 2016, fans have been receiving a 40 percent discount on their Papa John’s order the next day by using an online coupon code.

Papa John ' s founder and CEO John Schnatter is stepping down. Schnatter , who founded the pizza chain in 1984, will remain as chairman of the board . No immediate reason was given for his decision, which takes effect Jan.

Papa John ' s apologized two weeks later, after white supremacists praised Schnatter ' s comments. The Louisville, Kentucky-based company distanced itself from the group, saying that it did not want them to buy their pizza.

The incident in May came to light after Forbes magazine detailed the incident in an article on Wednesday. The report said Schnatter was on a call with marketing agency Laundry Service when he tried to downplay comments he made about the National Football League and allegedly said, “Colonel Sanders called blacks n-----s."

Schnatter complained that the KFC founder never faced public backlash. The call was a role-playing exercise for Schnatter to prevent future public relations fumbles.

Shares of Papa John's fell by as much as 5.9 percent to a new 12-month low of $47.80 a share in intraday trading Wednesday — erasing $96.2 million in market value. The stock recovered somewhat, closing down 4.8 percent at $48.33 a share. Papa John's is down 13 percent so far this year while Domino's shares are up 48.5 percent.

Toronto lawyer files complaint against WestJet .
Toronto lawyer files complaint against WestJetSelwyn Pieters, who is black, says the incident happened when he was trying to check in for a WestJet flight to Toronto on July 2, at the conclusion of a weeklong trip to Trinidad and Tobago, where he was doing legal work.

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