The New York Post: Papa John’s founder resigns after report he used racial slur on conference call

Papa John’s founder John Schnatter resigned as the company’s chairman on Wednesday night after fallout over his use of the n-word during a conference call.

The company released a statement that said the directors had accepted Schnatter’s resignation.

“Papa John’s will appoint a new Chairman in a couple of weeks,” the statement read.

Forbes reported earlier on Wednesday that Schnatter used the n-word on a conference call in May, and Papa John’s shares PZZA, -4.84%   tumbled almost 5%.

The call was specifically designed as a role-playing exercise to prevent future public-relations disasters.

“Colonel Sanders called blacks n—–s,” Schnatter said, before complaining that Sanders never faced public backlash.

The restaurateur had already stepped down as chief executive in January after he caused controversy by criticizing the NFL over their national anthem policy.

This story was originally published on The New York Post.

Filed in: Top News Tags: 

You might like:

Is now a good time to book flights to Cuba? Is now a good time to book flights to Cuba?
Asia Markets: Asian stocks mostly lower as weak energy shares weigh Asia Markets: Asian stocks mostly lower as weak energy shares weigh
Why financial companies are giving customers the velvet rope treatment Why financial companies are giving customers the velvet rope treatment
Uber CEO believes profitability not critical to launching IPO Uber CEO believes profitability not critical to launching IPO
MarketWatch First Take: Is Netflix stock falling down a mountain, or just tripping over a molehill? MarketWatch First Take: Is Netflix stock falling down a mountain, or just tripping over a molehill?
The Number One: Need help? Check out the ‘most useful’ accounts on Finance Twitter The Number One: Need help? Check out the ‘most useful’ accounts on Finance Twitter
How to make money producing on Broadway How to make money producing on Broadway
Netflix stock slammed after earnings, as subscriber growth and revenue fall short Netflix stock slammed after earnings, as subscriber growth and revenue fall short

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.