It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Shades of 1994, when Herman Cain, CEO of Godfathers Pizza, confronted Bill Clinton on Clinton’s health care proposal: now pizza chain Papa John's is issuing a warning to its shareholders that ObamaCare will force prices on their pizza to rise. There were 3,973 Papa John’s restaurants operating in 50 states and in 33 countries in June of this year. CEO and founder John Schnatter, who supports Mitt Romney and fundraises for him, said that ObamaCare will result in higher costs to Papa John’s, and those costs will balloon the prices consumers will pay:
Our best estimate is that the ObamaCare will cost 11 to 14 cents per pizza, or 15 to 20 cents per order from a corporate basis. We're not supportive of Obamacare, like most businesses in our industry. But our business model and unit economics are about as ideal as you can get for a food company to absorb ObamaCare. If ObamaCare is in fact not repealed, we will find tactics to shallow out any ObamaCare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best interests.
Originally posted by ThePublicEnemyNo1
reply to post by Hefficide
I couldn't agree with you more and it isn't called Obama Care it's called The Affordable Care Act.
Affordable Care Act
ETA
Affordable Care Act Lawedit on 8/8/12 by ThePublicEnemyNo1 because: (no reason given)
Originally posted by OutKast Searcher
It's not the healthcare law that is causing the pizza prices to go up...it is Papa John's being chained to "shareholders" (investment bankers) to be a profits whore for them.
Papa John's could easily comply with the healthcare law, improve their workers lives, and not raised their prices one cent...but that means no money for the rich guys...so they have to stick it to the working class to please their masters.
But you go ahead and blame a law that is focused on making sure everyone has health insurance so they don't die.
It's not the healthcare law that is causing the pizza prices to go up...it is Papa John's being chained to "shareholders" (investment bankers) to be a profits whore for them.
JPMorgan Asset Management, Inc. (1,511,769 shares) Goldman Sachs Asset Management LP (341,390 shares) Rothschild Asset Management, Inc (181,107) Says a lot!