Papa John's founder steps down as CEO after criticizing National Football League protests

by Joy Montgomery December 25, 2017, 12:30
Papa John's founder steps down as CEO after criticizing National Football League protests

But the spokesman, Peter Collins, said that it was the right time for Steve Ritchie, 43, the company's president and chief operating officer, to become the next chief executive.

The pizza company announced on Thursday founder John Schnatter, AKA Papa John himself, will be stepping down as CEO after a recent slow patch, followed by some incendiary comments.

Papa John's replied to the backlash in a statement: "We condemn racism in all forms and any and all hate groups that support it. ..."

"This should have been nipped in the bud a year and a half ago", Schnatter said on a conference call with investors.

But he recently ran into controversy when he blamed NFL players' mass move to drop to one knee during the playing of the national anthem as affecting his company's sales.

"There is a list of advertisers that have made themselves very clear: 'If you continue to cover the political coverage of the issue, we will not be part of the NFL, '" Yaccarino said, via Deadline and Business Insider.

Pop Boy Band Singer Jonghyun Dead At 27
Korean pop music - or K-pop - is one of the most notable exports to come out of South Korea in the past decade. SHINee was formed in 2008 by SM Entertainment and had five members: Jonghyun, Onew, Key, Minho and Taemin.

"The controversy is polarizing the customer, polarizing the country", Schnatter said during a conference call about the company's earnings on November 1.

The company's stock is down a whopping 13 percent his he made his polarizing player protest comments. "The NFL has hurt Papa John's shareholders". The company now operates more than 5,000 locations.

"I think it's possible that this was a conscious decision to get [Schnatter] out of the line of fire", restaurant analyst John Gordon said of the shake-up.

Later that month, the Louisville, Kentucky-based company said it didn't intend to be polarizing with the remarks. "We also believe together, as Americans, we should honor our anthem".

Papa John's, which lays claim to being the nation's third-largest pizza chain, could not be reached immediately for comment.

Schnatter owns nearly 9.5 million shares of Papa John's International Inc., valued at more than $560 million.


TOP News

Elderly couple says 60 pounds of pot was intended for Christmas gifts
The police found 60 lbs. of marijuana as well as containers of concentrated THC, the chemical in marijuana that gets people high. Vrbka said the Jirons told authorities "they didn't know it was illegal to transport marijuana in Nebraska ".

United's Bailly ruled out for three months
I had that experience before. "When you're cooking for 200-odd people, that's a lot of time, effort and money going straight into the bin".

Coutinho's commitment to Liverpool not in question, says Oxlade-Chamberlain
They are good - that's why they are at Liverpool - but they need to be consistently good because we are Liverpool . Coutinho's goal was the highlight.

Trump judicial nominee pulls out
Kennedy went on to question Petersen on when the last time he read the Federal Rules of Civil Procedure. Kennedy said Trump has also told him that he's counting on senators to reject his bad judicial picks.

Health officials: 6 Oklahomans have died from the flu this season
Monday through Thursday and 8 a.m.to noon Friday at the health department clinics at 2700 NE 63, 2149 SW 59 and 4113 NW 10. Anyone with respiratory illnesses should stay away from hospital until their symptoms have stopped.

Boise State vs. Oregon, Las Vegas Bowl
Most gambling websites are siding with OR decisively, so it will be interesting to see if the Ducks can live up to that honor. It will be the first game for new OR head coach Mario Cristobal, who takes over after Willie Taggart left for Florida State .

Dog survives plane crash that killed 3 people, other dog
Firefighters arrived quickly to douse and clear the wreckage, but Wheeles estimated it could take days to clean up the scene. Hours later, the plane was being tracked by Cincinnati Air Traffic Control when it disappeared from radar.

Sherra Wright Charged In 2010 Murder of Lorenzen Wright
Police believe strongly that Wright-Robinson and co-conspirator Billy Turner previously tried to kill Wright . It was published as fiction but has a strong resemblance to her and Lorenzen Wright's real-life story.

'PadMan' trailer: Akshay Kumar emerges as the new Indian superhero
Sonam also tweeted the trailer and wrote, "Great things come of out passion and PAD MAN is a great example of this". PadMan trailer: Akshay Kumar feels the film is for those who are insane enough to change the world.

Pence Israel Visit Postponed Yet Again
In October, Pence's office said the vice president was schedule to make a stop in the occupied West Bank during the visit. The leader of Egypt's Coptic Church had already cancelled his meeting with Pence to protest the USA move.