Papa John's founder John Schnatter resigns over racial slur

Papa John's founder apologizes for using N-word during sensitivity training conference call

Papa John's said in a statement late Wednesday it would appoint a new chairman "in the coming weeks".

Louisville's naming rights deal for Papa John's Cardinal Stadium is not with the company but rather Schnatter himself.

"Regardless of the context, I apologize", he said in his statement confirming the report. The group was going through a role-playing exercise meant to better prepare for public-relations challenges.

Schnatter resigned as CEO in December after criticizing the National Football League, but retained his position as the company chairman. Mr. Schnatter, who owns 30 percent of Papa John's stock, stepped down as chief executive in December.

Schnatter came under fire in May, accused of using the racial slur in a conference call in which he went into graphic detail describing violence against minorities. The business leader used the "N-word" to claim Harland "Colonel" Sanders said the word to black people.

Papa John's shares fell almost 5 percent Wednesday after the report of the slur, closing at $48.33.

As a result, Schnatter used the May conference call to basically say that what he said was not as bad as it could have been.

North Atlantic Treaty Organisation summit: Trump hails alliance spending promises after crisis meeting
So, in a stroke, he shifted attention away from his own ties to the Kremlin just days before he meets one-on-one with Putin. Still, Trump has been more conciliatory behind the scenes, including at a leaders' dinner Wednesday.

Schnatter confirmed the incident in an emailed statement to Forbes on Wednesday.

According to Forbes, the 56-year-old also spoke about his early life in IN on the conference call, and claimed people used to drag African-Americans from trucks until they died.

Last year, Papa John's faced backlash when Schnatter blamed the NFL and players' national anthem protests for the chain's subpar sales.

Additionally, the marketing form that organized the call has ended their relationship with Papa John's due to the alleged remark.

Papa John's now hs over 4,700 restaurants, 3,500 of which are in the US.

John has tendered his resignation from the University of Louisville board of trustees effective immediately. His company's headquarters is there, and the University's football team plays in Papa John's Cardinal Stadium. Papa John's is down 13% year to date, while Domino's' shares are up 48.5%.

Related News:



Most liked

'Stealth' STI Mycoplasma genitalium risks becoming a superbug
William Schaffner, an infectious-disease specialist at Vanderbilt University Medical Center in Nashville, Tennessee. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

Section 144 to be imposed at Lahore airport before Sharif's arrival
The NAB has already declared that Mr Sharif and Maryam will be arrested upon their arrival at any airport of the country. Maryam further said that not only "we aren't deterred, these circumstances have further strengthened our resolve".

Sacha Baron Cohen Fires Back at Sarah Palin and President Trump
He also adds, "I have always admired you for TELLING THE TRUTH about Obama's birth certificate and the location of Russian Federation ".

Theresa May faces guerilla tactics from Brexit rebels
The Sun , Britain's biggest-selling newspaper, which has long argued for Brexit, said May had made "blunder after blunder". There was a crisis in government, he said, adding: "It is clear this government can not secure a good deal for Britain".

Same old, same old as Nadal wins another five-set nail-biter
The second semi-final will see Nadal line up against former world number one and three-time Wimbledon champ Novak Djokovic . Both men are in the semi-finals at Wimbledon for the first time. "I will try to hold my service games most of the time ".

Love Island: What is the real reason Samira Mighty quit?
Speaking to the beach hut he says: "It is quite hard with this recoupling, hopefully she'll pick the right person". But Dr Alex is struggling to keep his cool, as he begins to panic about the upcoming bombshell.

Parents of Thai cave rescue boy give thanks to God
Police officers took photographs of each other at the massive cave entrance, as pumps continued to suck out huge volumes of water. In a condolence message to Dr Harris on its Facebook page, the Thai navy unit said, "We wish you the best for this tough time".

Conduct risky experiments in 'Hearthstone: The Boomsday Proj
A new Warrior hero replacement was also teased, and while the card's title was legible, none of the effects could be read. There were some additional changes to existing cards that went live with today's patch, mostly regarding tribal types.

Instagram has a new questions feature for Story users
Your friends and followers can tap reply when they see your story and can reply as many times as they want through that sticker. This interactive new option was created to make it easier for users to engage with friends and followers on the platform.

Charges dropped after Stormy Daniels arrested at OH strip club
Earlier this week, Daniels performed in Washington minutes before President Donald Trump announced his Supreme Court nomination. Early Thursday, Daniels' attorney, Michael Avenatti , tweeted that the arrest "was a setup & politically motivated".

Apple Blackmagic eGPU for MacBook Pro: Cheaper and better alternatives
They maintain the 500-nit maximum brightness and 100% DCI P3 coverage that have always been hallmarks of the modern MacBook Pro . They are a lot faster with 8th-generation Core processors, and the 15-inch model supports up to 32GB of RAM and up to a 4TB SSD.

Former Catalan leader can be extradited on corruption charges, German court rules
The court has not made a decision to impose any precautionary measures on Puigdemont, meaning that he remains a free man. Rebellion carries a maximum sentence of 30 years in prison, while misuse of public funds carries up to 12 years.

Man with the world's longest fingernails gets them cut
Before Williams, Christine Walton held the title from 2011 with nails measured at 19 feet and nine inches until she cut them off. He was flown from Pune to NY for this ceremony by Ripley's Believe It or Not museum - where his nails will be immortalized.

McConnell accuses Dems of trying to 'bork' Kavanaugh
Judge Brett Kavanaugh , President Trump's Supreme Court nominee stands in the East Room of the White House, Monday, July 9, 2018. Democrats blew their chance to shape the make up of the Supreme Court when they blew the 2016 presidential election.

Liverpool close in on Xherdan Shaqiri as negotiations begin with Stoke
Shaqiri's whose contract at the Potters runs until 2020, scored 15 goals in 92 appearances for the club over three seasons. Liverpool reportedly begin official talks with Stoke City over a move for Switzerland global midfielder Xherdan Shaqiri .