Papa John's founder calls resignation 'a mistake'

Gladys Abbott
July 18, 2018

Schnatter, according to a report in the Wall Street Journal on Tuesday, has since gone as far as to call his resignation "a mistake".

Schnatter resigned as chairman and quit the University of Louisville board of trustees last week after publicly apologizing for using the N-word during a media training with a marketing agency.

In a news release issued July 15, Papa John's worldwide said a special committee of the board of directors "has approved and directed the company to terminate Mr. Schnatter's Founder Agreement".

Still a member of the board, Schnatter, according to regulatory filings, as of March held 29 percent of Papa John's shares, now worth about $500 million. So-and-so used the n-word, and we don't use the n-word, and we're not gonna use the n-word. The marketing firm, Laundry Service, did not respond to requests for comment. That ownership position ensures that Schnatter will be a key figure for the company in the coming days, despite the fact that he no longer holds an official role in its operation.

Papa John's also continues to cut ties with Schnatter over the incident.

"I'm not for sale", he told WLKY News in Louisville.

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Schnatter said the discussion only started when he objected to the agency's suggestion of hiring rapper Kanye West as brand spokesman because West "uses the "N" word in his lyrics".

Schnatter's lawyer, Patricia Glaser, said in a separate letter that her client "is not going to go quietly", arguing that the board of directors can not remove Schnatter as chairman without submitting the proposal to a shareholder vote.

'Yeah, they tried to extort us.

John Schnatter quits as chairman after using racial slur during a conference call on how to handle controversial situations.

Some board members want Schnatter - who owns about 30 percent of the company's stock - to leave the board altogether, Schnatter wrote in his letter. The MLB said it is also suspending its "Papa Slam" pizza promotion during games. Last November, he blamed faltering sales at the pizza chain, which was an official National Football League sponsor, on National Football League players peacefully protesting against racial injustice in the US.

Schnatter, who founded the pizza company in 1984, uttered the slur after he reportedly complained that Colonel Sanders of KFC never received public backlash for his racist remarks. "But they actually wanted to get into that vocabulary, and I said absolutely not".

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