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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.
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.
originally posted by: LadyGreenEyes
a reply to: Vasa Croe
That's a stupid reason to resign. Good business, and good product. People need to stop demanding no one offends them.
Papa John’s International founder John Schnatter will step down as chief executive by the year-end, the pizza chain operator said on Thursday, weeks after his comments on the NFL leadership drew criticism. The company said Chief Operating Officer Steve Ritchie will succeed Schnatter, who is also the chairman of the board. Schnatter, 56, who founded the company in 1984, came under fire in November after he criticized the National Football League’s leadership over national anthem protests by players.
originally posted by: AdmireTheDistance
originally posted by: LadyGreenEyes
a reply to: Vasa Croe
That's a stupid reason to resign. Good business, and good product. People need to stop demanding no one offends them.
Agreed. Especially given the context of the conversation.
No, he resigned from the CEO position over the NFL thing, but remained on as Chairman.
originally posted by: Flyingclaydisk
a reply to: RalagaNarHallas
No, he resigned from the CEO position over the NFL thing, but remained on as Chairman.
This time he's resigning as Chairman, meaning he no longer has any official title at the corporation (I guess).
originally posted by: Vasa Croe
originally posted by: Flyingclaydisk
a reply to: RalagaNarHallas
No, he resigned from the CEO position over the NFL thing, but remained on as Chairman.
This time he's resigning as Chairman, meaning he no longer has any official title at the corporation (I guess).
Yep.
Just seems odd for the founder of Papa John's to so publically be ousted.
Makes me think there is something bigger about to come down on him and the company is attempting to distance itself and he is playing along for the sake of the company.
originally posted by: CriticalStinker
originally posted by: Vasa Croe
originally posted by: Flyingclaydisk
a reply to: RalagaNarHallas
No, he resigned from the CEO position over the NFL thing, but remained on as Chairman.
This time he's resigning as Chairman, meaning he no longer has any official title at the corporation (I guess).
Yep.
Just seems odd for the founder of Papa John's to so publically be ousted.
Makes me think there is something bigger about to come down on him and the company is attempting to distance itself and he is playing along for the sake of the company.
I doubt it. What he did was dumb, any publicly traded company is going to distance themselves from people who put the shareholders money at risk.
originally posted by: AdmireTheDistance
originally posted by: LadyGreenEyes
a reply to: Vasa Croe
That's a stupid reason to resign. Good business, and good product. People need to stop demanding no one offends them.
Agreed. Especially given the context of the conversation.
originally posted by: introvert
originally posted by: AdmireTheDistance
originally posted by: LadyGreenEyes
a reply to: Vasa Croe
That's a stupid reason to resign. Good business, and good product. People need to stop demanding no one offends them.
Agreed. Especially given the context of the conversation.
I can agree with that. Context is key in any situation.
In this situation, the context most important to the shareholders and the company as a whole is that Schattner has become a liability. Though this isn't the first time he has left. He may come back to head the company once this has blown over.