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Stock impact report

The Inside Story Of Papa John's Toxic Culture [Forbes]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: Forbes
T wo years ago John Schnatter fancied himself untouchable. He was CEO of Papa John’s, the nationwide pizza chain he founded, and served as its ubiquitous TV pitchman . The business had grown to 5,000 stores and $1.7 billion in revenue, and his fortune tallied some $950 million. “We see news story after news story of CEOs who run companies into the ground,” Schnatter scoffed in his 2016 autobiography , which chronicled the business’ rise.  Then Schnatter began to do exactly that. The world already knows of his two biggest flare-ups. Last November, he criticized the NFL’s handling of national anthem protests, calling the whole affair a “debacle.” Papa John’s shares crashed 11% in hours and kept falling, Schnatter lost his CEO title and franchise sales dropped an estimated 5% or more. Then, in July, while reporting this story, Forbes learned that Schnatter had used the N-word and made other controversial remarks on a conference call two months prior. On July 11, the da Show less Read more
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