Papa John’s founder resigns as chairman

Lester Mason
July 12, 2018

Papa John's has once again shot itself, blowing off its metaphorical foot. Mayor Mike Moore said (via the Louisville Courier-Journal) that would be "unfortunate" but that he and other city officials didn't "make decisions [about] something being right or wrong, based on a monetary gift".

Louisville announced Wednesday that John Schnatter, the founder and chairman of Papa John's Pizza, has resigned from the school's Board of Trustees.

According to the Forbes report, Schnatter was doing a role play exercise with Laundry Service, a marketing agency hired to prevent the pizza mogul from making more public relations mistakes.

In January, Schnatter stepped down as Papa John's CEO following his controversial comments last November when he said football players' kneeling protests were mishandled by NFL leaders. John Schnatter, 56, is most recognizable as the voice and face of Papa John's television commercials. Despite his apology, CNBC reported that Papa John's stocks took a tumble.

They report that the alleged call was between Papa John's executives and the marketing agency Laundry Service. He also allegedly reflected on his childhood in IN, saying people used to drag African-Americans from trucks until they died, according to Forbes. Schnatter said that when he grew up in IN, people would drag black people behind trucks until they died, the source told Forbes. He said, "Regardless of the context, I apologize".

Papa John's released a statement to WDRB following the Forbes article, stating it "condemns racism and any insensitive language", but it did not deny the quote attributed to Schnatter in the Forbes article.

"Our company was built on a foundation of mutual respect and acceptance", the statement said.

Shares of Papa John's Pizza (PZZA) fell almost 6 percent after the report and were lately down 2.4 percent. His company's headquarters is there, and the University's football team plays in Papa John's Cardinal Stadium.

Schnatter is a major booster at Louisville.

"I could not have that name on this fieldhouse and have kids come in there and get educated", Moore said.

Other reports by Iphone Fresh

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