Papa John's CEO Steps Down Amid Controversial Comments About NFL Protests

John Schnatter who founded the Papa John’s pizza chain in the 1980s is leaving the chief executive seat

Today, Papa John's stock closed a 2-cent loss.

Schnatter will be replaced as chief executive by Chief Operating Officer Steve Ritchie on January 1, the company announced Thursday.

The company gave no reason for the change, but it comes after the public relations disaster when Schnatter shared his thoughts about players who took a knee during the national anthem to protest the treatment of black Americans, particularly by police. "This should have been nipped in the bud a year-and-a-half ago". After these comments were made, the alt-right and white supremacists declared Papa John's their official pizza.

Schnatter has now decided he would step down as CEO of Papa John's, effective immediately. A press release from the company said he would "pursue his personal passion for entrepreneurship, leadership development, and education". He stepped down in 2005, but returned in 2008. Schnatter argued that Obamacare would cost Papa John's $5 million-$8 million annually and ultimately drive up the price of pizza. "We couldn't have a more proven leader to guide Papa John's through its next stage of growth". Papa John's shares slumped about 4.2% during the controversy, Forbes reported. Schnatter's statements also appear to have cost him his job.

The NFL is crucial to Papa John's business.

"America in 2016 is on the path to becoming what Germany was in 1867", Schnatter writes in "Papa".

Industry insiders were caught off guard by Schnatter's decision. Schnatter often appears in advertisements during National Football League games, and has credited its close relationship with the National Football League and particularly quarterback Peyton Manning for sales boosts in the past. The CEO donated $1,000 to President Trump's campaign but did not make any effort to publicly support the politician.

Related News:

  • Charles Schwab Corp (SCHW) EVP Sells 1982 Shares of Stock

    Sq Advisors Llc increased Apple Inc (NASDAQ:AAPL) stake by 3,426 shares to 1.24 million valued at $178.56M in 2017Q2. As per Monday, April 4, the company rating was maintained by Nomura. (NASDAQ:DLTR) rating on Wednesday, November 22.
    Prince Harry interviews Obama for the BBC

    Prince Harry interviews Obama for the BBC

    A segment of their chat will be broadcast on BBC Radio 4 on December 27th, and the full interview will go up later as a podcast. They will also talk about Obama's foundation which focuses on inspiring and empowering people to change their world.
  • Six Eagles, including QB Carson Wentz, selected to 2018 Pro Bowl

    Six Eagles, including QB Carson Wentz, selected to 2018 Pro Bowl

    Other than Okung, who joined the team in March, the honorees all played for the San Diego Chargers . He leads the Buccaneers this season with five sacks, 12 tackles for loss and 22 quarterback hits.
    Lady Gaga Announces Las Vegas Residency Starting In 2018

    Lady Gaga Announces Las Vegas Residency Starting In 2018

    With 244 shows, Brit-Brit's gigs grossed $135 million with over 980,000 attendees, making the most successful residency in Vegas. Get ready, Little Monsters: Your queen Lady Gaga just announced she landed a two-year performance residency in Las Vegas.
    Australia's Catholic Church 'should end celibacy' among clergy, inquiry says

    Australia's Catholic Church 'should end celibacy' among clergy, inquiry says

    Pell has denied the allegations. "Tens of thousands of children have been sexually abused in many Australian institutions". An Australian Royal Commission into child abuse has found an overwhelming amount happened in faith-based institutions.
  • U.S.  is planning 'bloody nose' military attack on North Korea, report says

    U.S. is planning 'bloody nose' military attack on North Korea, report says

    An earlier study of WannaCry's code by private cybersecurity firms and researchers also suggested ties to the North Korean Group. The WannaCry ransomware attack was a massive infiltration of over 300 thousand computers all around the globe.
    Final Tax Bill: Biggest Cuts for the Middle

    Final Tax Bill: Biggest Cuts for the Middle

    Senate rules require 10 hours of debate on the bill, divided equally between Republicans and Democrats. All individual tax breaks expire at the end of 2025, while the corporate tax reductions will remain.
    OnePlus 5T Star Wars Limited Edition Launched in India at Rs. 38999

    OnePlus 5T Star Wars Limited Edition Launched in India at Rs. 38999

    OnePlus has included Star Wars themed wallpapers and a special dark Star Wars theme made up of red, black and white colours. The phone comes with a few design changes, an in-built theme along with a bunch of exclusive wallpapers.
  • US VP Mike Pence once again delays Middle East visit

    US VP Mike Pence once again delays Middle East visit

    Breaking with decades of USA policy, Trump also said on December 6 that he would move the U.S. embassy from Tel Aviv to Jerusalem. White House officials said the delay was not related to the reaction in the region to Trump's decision.
    Former Coastal Carolina receiver signed by the Cleveland Browns

    Former Coastal Carolina receiver signed by the Cleveland Browns

    If Kizer can show that kind of improvement in his second go at the Ravens, the Browns may have a chance to make a game of it. Running back Isaiah Crowell slammed through a hole at left guard for 59 yards on the first play after the turnover on downs.
    Carmelo Anthony looking forward to MSG return

    Carmelo Anthony looking forward to MSG return

    I want to win because we have a chance to sweep this road trip. "Late in the game we said, 'That's their run.' It was a battle". Anthony was traded two days before training camp opened for Enes Kanter , Doug McDermott and the Bulls' second-round pick.


Most liked

Awesome for Everton: Chelsea star banned
He added: "It was important, because to go and to play 30 minutes more, I think it was a bit unsafe ". And his manager was full of praise for the Welshman after the match.

Facebook challenges music streaming giants with Universal Music deal
For context, music streaming leader Spotify has converted around 40% of its active users into paying subscribers. We are excited to bring that to life on Facebook, Instagram, Oculus and Messenger in partnership with UMG.

Baby born from embryo one year younger than its mother
The first American baby born from a frozen embryo was in 1986 in Los Angeles . "I see miracles happen everyday", Sommerfelt said. This means Gibson carried an embryo that was conceived about 18 months after she herself was born, a press release stated.

Chick-fil-A opens on a Sunday for passengers at Atlanta's airport
Passengers wait after the lights went out at Hartfield-Jackson Atlanta International Airport, Sunday, Dec. 17, 2017, in Atlanta . The airline also encouraged travelers not to pick up their bags Monday because of anticipated congestion at the airport.

Bound Honda Insight Prototype Previews All-New 2019 Model
The company says it's bringing back the Insight name for the compact auto that will offer mileage competitive with other hybrids. The Honda Insight is to return in 2018 with a hybrid powertrain, as Honda revives its Toyota Prius rival for the U.S. market.

Facebook knows you're in a photo before being tagged
Moving forward, you should now get a notification if someone tries to use a photo with your face as their profile picture . And that, in turn, means Facebook has a new powerful tool for mapping who knows who on the social network.

New York Islanders moving back to Long Island
That property is primarily a parking lot used on Belmont Stakes day; in the off-season, it houses cars for auto dealerships. Belmont Park is a world-famous horseracing track and now looks like it will expand.

Robert W. Baird Upgrades Express Scripts (ESRX) to Outperform
It turned negative, as 15 investors sold KT shares while 30 reduced holdings. 24 funds opened positions while 34 raised stakes. Express Scripts Holding Company (NASDAQ: ESRX ) attracted analysts when it go through a change of 2.56% to trade at $73.38.

UN Security Council Considers Jerusalem Resolution
The draft is expected to find broad support among the 15-member council, but will nearly certainly be vetoed by Washington. Trump's decision on the status of Jerusalem has sparked protests in the Gaza Strip, the West Bank and East Jerusalem.

Conte: Bull**** To Think Chelsea Can Catch City
This league is very hard , there are six teams to fight for the title and the Champions League and the Europa League. I am this way. "I think every player is frustrated when he doesn't play, especially when you have an injury.

Sydney man charged with acting as an agent for North Korea
The man was arrested and charged in Sydney yesterday and is expected to face Parramatta Bail Court later today. He said investigations were continuing and that more charges could be filed against Choi.

Vaping, Marijuana Use On The Rise Amongst Teens
For eighth-graders, the percentage who had used illicit drugs in the previous year was just 12.9%, while 18.2% had had a drink. Nearly a third of those who had vaped said they had inhaled contained nicotine, while 11.1% said marijuana or hash oil.

USA overturns net neutrality rules aimed at ensuring free, open web
It will likely be up to the courts to decide if that provision was lawful or not. "I support that freedom", she said. As I draft this bill email me your suggestions to: "netneutrality.coffman@mail.house.gov", he tweeted .

Not as cold tonight; cloudy skies through the weekend — FIRST ALERT FORECAST
Happy Wednesday! Temperatures are below freezing, hovering around the 30 degree mark as you head out the door to start your day. There is a chance for rain in the morning on Monday , it will be cloudy, and we reach a bit above average into the low 50s.

OH man tried to trade chicken Alfredo, Sprite for sex with minor
The undercover cop told him he was underage, but Maruna allegedly told him that he did not believe in age, according to Fox 8. Maruna told the teen he would arrive at the juvenile's home at noon on Tuesday and would be driving a gray Ford Escape.