Economy

Papa John's founder: Stepping down as chairman a 'mistake'

Papa John's founder: Stepping down as chairman a 'mistake'

Last week, Papa John's founder John Schnatter resigned as the chairman of Papa John's worldwide, after a news report published inForbes claimed he used the N-word on a conference call in May.

Schnatter says the board requested that he step down as chairman without "any investigation" and he should not have complied, according to a letter his representative says was sent to the board Saturday.

But in a recent letter to The Wall Street Journal, Schnatter said his resignation was a mistake.

Though the company still plans to keep the name Papa John's, its CEO, Steve Ritchie, said in a statement the company never centered around Schnatter.

Schnatter apologized for using the racial slur and announced his decision to step down last week.

Oregon State University's athletic department has suspended its sponsor relationship with Papa John's Pizza.

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.

More news: Liverpool make world-record £62million bid for Roma goalkeeper Alisson

"They made it pretty clear, the words were, "If I don" t get my f-ing money, I'm going to bury the founder, ' said one of the executives", Schnatter said in the WLKY interview. 'I will not allow either my good name or the good name of the company I founded and love to be unfairly tainted'.

John Schnatter says a media agency tried to extort after he used the n-word during a conference call with them in May.

Schnatter reportedly said in his letter that he had insisted in the call that he was not racist.

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". "We're not gonna talk about this, '" Schnatter told Louisville radio station WHAS.

Schnatter has said that he thought the call was confidential.

"The company has specifically requested that Mr. Schnatter cease all media appearances, and not make any further statements to the media regarding the company, its business or employees", it said in a statement late Sunday.


  • Showtime and Sacha Baron Cohen push back against Sarah Palin

    Showtime and Sacha Baron Cohen push back against Sarah Palin

    The prank comes after Sarah Palin accused Cohen, 46, of duping her into doing an interview by posing as a wounded veteran. Ruddick is the same character Baron Cohen adopted while speaking with Palin, for a segment that has yet to air.
    Helsinki Summit: Trump Introduces First Lady Melania to Putin

    Helsinki Summit: Trump Introduces First Lady Melania to Putin

    The U.S. president has also resuscitated a Stalinist charge, that the media is "the enemy of the people" in a Sunday tweet . Trump said that in addition to the 2016 election, they discussed North Korea, Iran, nuclear proliferation and terrorism.
    Mamma Mia! Here We Go Again: The reviews are in

    Mamma Mia! Here We Go Again: The reviews are in

    Me? The writer and director of Mamma Mia! "I laughed out loud many times when I read (the script's first draft)". You may be doing something improving on Friday night; going to an exhibition or some clever talk at a museum.
  • Batwoman Series in Development at CW

    Dries and Berlanti are slotted in to executive produce Batwoman , joine by Sarah Schechter and Geoff Johns . She also worked as a writer on " Smallville ", which centered on Clark Kent before he become Superman.
    Tiger Woods concerned by slow greens at Open Championship

    Tiger Woods concerned by slow greens at Open Championship

    Woods has added a 2-iron hybrid to his bag this week, a club he'll likely use to hit some tee shots. Greg (Norman) was there at Birkdale (in 2008) I think at 54-ish.
    Sinclair-Tribune merger in doubt after FCC chairman Ajit Pai expresses concerns

    Sinclair-Tribune merger in doubt after FCC chairman Ajit Pai expresses concerns

    Sinclair's executive vice president, Barry Faber, didn't return an email and telephone call seeking comment. Pai said he had asked his three fellow commissioners to vote to send the $3.9 billion deal to a hearing.
  • Prime target: Amazon Europe workers walk out during promotional period

    Prime target: Amazon Europe workers walk out during promotional period

    One Click Retail estimated that Amazon sells about $1 million a minute during peak time on Prime Day , based on last year's data. An Amazon spokesperson was asked for a comment but 12 hours later we have not got any comment from Amazon Australia.
    70 new emojis are coming soon (including more hairstyles!)

    70 new emojis are coming soon (including more hairstyles!)

    There's also a "pleading face" with big eyes and a blushing smiley face surrounded by three hearts. The update includes more than 70 images of people, animals , food and other objects.
    British princes refused to meet with trump media

    British princes refused to meet with trump media

    Trump was apparently reluctant meet Charles due to their differing views on climate change, it was revealed previous year . And then trump broke royal protocol - and common decency - to walk in front of, and turn his back on the Queen.
  • MGM Resorts Sue Las Vegas Shooting Victims, Denying Liability

    MGM Resorts Sue Las Vegas Shooting Victims, Denying Liability

    MGM Resorts alleges in the suits that it owes "no liability of any kind" to victims of the rampage. The Las Vegas mass shooting has been recorded as the most deadly in modern US history.
    MA  delegation blasts Trump meeting with Putin

    MA delegation blasts Trump meeting with Putin

    His skepticism drew a quick formal statement - nearly a rebuttal - from Trump's director of national Intelligence, Dan Coats . The Hannity interview took place before Trump became aware of the negative reaction to the press conference back home.
    Elon Musk suggests Thai cave rescuer is pedophile

    Elon Musk suggests Thai cave rescuer is pedophile

    Dr Harris played a key role in rescuing the group after they became trapped in the complex on June 23. I challenge this dude to show final rescue video", Musk said, referring to Unsworth.