Controversial Papa John’s CEO Considers Selling His Company Stake

Papa John's founder John Scnattner is weighing selling his remaining interest in the company.

Papa John’s founder John Scnattner is weighing selling his remaining interest in the company.

By Free Radical

According to a regulatory filing on Monday, Papa John’s controversial founder, John Schnatter, is considering selling his remaining interest in the pizza company.

Schnatter stepped down from his position as company CEO in 2017 amid comments that criticized ongoing protests by NFL players. Last month, he also resigned from the company’s board. However, Schnatter still owns a 31 percent stake in the company.

Schnatter has embroiled Papa John’s in controversy for years. He has a a history of ultra conservative politics and accused Obamacare of spiking costs for business owners. He also donated to  Donald Trump’s 2016 presidential campaign. His 2017 comments, which criticized the NFL national anthem protests, resulted in low sales for the company and Papa John’s to break its sponsorship ties with the football league.

Yet it was his use of the n-word to refer to Black people in May 2018 which motivated his ouster from the Papa John’s board.

Papa John’s has recently removed Schnatter from all advertising and has spent $51 million to re-brand itself with a new image celebrating diversity. Shaquille O’Neal has been appointed the company’s main spokesman and there have even been rumors that a new pizza will be named for him in the near future.

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