Papa John Schnatter out as CEO

Discussion in 'The Mainboard' started by allothersnsused, Dec 21, 2017.

  1. allothersnsused

    allothersnsused Wow that’s crazy
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    He didn't touch butts or anything, just blamed the NFL for his shitty pizza.

    Should have just covered it in butter like Domino's, brother.

    https://apnews.com/24d5ba0ed36740818bc73ab5ae58edeb

    Papa John’s founder out as CEO weeks after NFL comments

    [​IMG]
    NEW YORK (AP) — Papa John’s founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players — comments for which the company later apologized.

    Schnatter will be replaced as chief executive by Chief Operating Officer Steve Ritchie on Jan. 1, the company announced Thursday. Schnatter, who appears in the chain’s commercials and on its pizza boxes, and is the company’s biggest shareholder, remains chairman of the board.

    Earlier this year, Schnatter blamed slowing sales growth at Papa John’s — an NFL sponsor and advertiser — on the outcry surrounding players kneeling during the national anthem. Former San Francisco 49ers quarterback Colin Kaepernick had kneeled during the national anthem to protest what he said was police mistreatment of black men, and other players started kneeling as well.

    “The controversy is polarizing the customer, polarizing the country,” Schnatter said during a conference call about the company’s earnings on Nov. 1.

    Papa John’s apologized two weeks later, after white supremacists praised Schnatter’s comments. The Louisville, Kentucky-based company distanced itself from the group, saying that it did not want them to buy their pizza.

    Ritchie declined to say Thursday if the NFL comments played a role in Schnatter stepping down, only saying that it’s “the right time to make this change.”

    Shares of Papa John’s are down about 13 percent since the day before the NFL comments were made, reducing the value of Schnatter’s stake in the company by nearly $84 million. Schnatter owns nearly 9.5 million shares of Papa John’s International Inc., and his total stake was valued at more than $560 million on Thursday, according to FactSet. The company’s stock is down 30 percent since the beginning of the year.

    Schnatter, 56, founded Papa John’s more than three decades ago, when he turned a broom closet at his father’s bar into a pizza spot. And it has since grown to more than 5,000 locations. Schnatter has also become the face of the company, showing up in TV ads with former football player Peyton Manning.

    The company hasn’t decided if Schnatter will still be its spokesman, Ritchie said, adding that a decision will be made early next year.

    The Papa John’s leadership change comes as the pizza chains that once dominated the fast-food delivery business face tougher competition from hamburger and fried-chicken chains that are expanding their delivery business. McDonald’s Corp., for example, expects to increase delivery from 5,000 of its nearly 14,000 U.S. locations by the end of the year.

    Ritchie said his focus as CEO will be making it easier for customers to order a Papa John’s pizza from anywhere. That’s a strategy that has worked for Domino’s, which takes orders from tweets, text messages and voice-activated devices, such as Amazon’s Echo. Papa John’s customers can order through Facebook and Apple TV, but Ritchie said he wants the chain to be everywhere customers are.

    “The world is evolving and changing,” he said.

    Ritchie, 43, began working at a Papa John’s restaurant 21 years ago, making pizzas and answering phones, the company said. He became a franchise owner in 2006 and owns nine locations. He was named chief operating officer three years ago. Ritchie said plans for him to succeed Schnatter were made after that.
     
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  2. Fudd Bezos

    Fudd Bezos 258 ventilators per hour
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    We’ll always love big Papa.
     
  3. NoleNBlue

    NoleNBlue The fuck is that? It's an armoire.
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    I'm sure he'll be fine swimming in his pool of gold coins without having to go in to the office
     
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  4. LeonardWashington

    LeonardWashington every year gon be our year
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    Understandable since I’m sure his role as shadow commissioner of the NFL is consuming most of his time these days
     
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  5. bro

    bro Hey Hermano
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    I have him pegged as the next Jared from Subway. He is creepy/weird and I think he has serious shit in his closet.
     
  6. Beeds07

    Beeds07 Bitch, it's Saturday
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    I would have assumed he was out from raping a LOT of young girls and boys
     
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  7. bertwing

    bertwing check out the nametag grandma
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    This is your chance to take over Bankz
     
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  8. Teflon Queen

    Teflon Queen The mentally ill sit perfectly still
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    I can see how it could be a turnoff to people.
     
  9. Fancy

    Fancy thanks, i hate it
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  10. dblplay1212

    dblplay1212 Well-Known Member
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  11. allothersnsused

    allothersnsused Wow that’s crazy
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    It's just a ridiculous thing to blame for your stock dropping 30% this year. If I'm a shareholder and I ask my top executive "Why are we losing so much money" and his response is to make the logical leap from anthem protests to slowing pizza sales, I'm not sure how I could have faith in him. It's a total cop-out.

    It's not that it's offensive, it's just stupid.
     
  12. dblplay1212

    dblplay1212 Well-Known Member
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    Did it drop before or after he said that?
     
  13. allothersnsused

    allothersnsused Wow that’s crazy
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    5 year:

    5 yr.JPG

    1 year:

    1 yr.JPG
     

    Attached Files:

  14. UncleItchyBalls

    UncleItchyBalls Fan of: The Tide, PDL and Processing kickers
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    Papa bless
     
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  15. LetItSoak

    LetItSoak Well-Known Member
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    Exactly. He didn't lose his job because of his comments, he lost it because the company performed poorly and he had no answers for shareholders besides "The NFL did it"
     
    HatterasJack likes this.
  16. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    i like the pizza his company makes but he is a chode. i remember him whining about how the affordable care act was going to destroy his company.
     
  17. NoleNBlue

    NoleNBlue The fuck is that? It's an armoire.
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    Turns out he was right
     
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  18. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    :idk: those graphs look like his company experienced record growth in the years that followed
     
  19. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    It was domino rebranding and pizza Hut introducing a standard $10 any pizza deal along with all the gimmicky /special pizzas
     
  20. NoleNBlue

    NoleNBlue The fuck is that? It's an armoire.
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    Yeah I don't care either way, but I'm hungry for pizza now
     
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  21. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    i don't think i've eaten at pizza butt in like 10 years

    i just wanted to say pizza butt
     
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  22. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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  23. dome foam

    dome foam ¯\_(ツ)_/¯
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    fuck that guy
     
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  24. steamengine

    steamengine I don’t want to press one for English!
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    The Poscast is gonna be great next week.
     
  25. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    He gave me a college scholarship. He can do no wrong in my eyes.
     
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  26. spagett

    spagett Got ya, spooked ya
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    Rovell?
     
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  27. EdmondDantes

    EdmondDantes Both winner in league and apparently at life, haha
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    best of luck to Papa John in the future.
     
  28. angus

    angus Well-Known Member
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    Does this mean he loses his TV face time privileges also? Would be a win for shareholders and a win for the viewing public.
     
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  29. Clown Baby

    Clown Baby A good poster that wont whiff away while driving
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    I boycotted Papa John’s after they allowed the NFL players to kneel during the anthem and now I’m boycotting them again for forcing Papa John to step down
     
  30. Brocktoon

    Brocktoon Well-Known Member
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    He cut back hours/laid off thousands of workers to avoid paying for healthcare when simply raising the price of a pizza by a few cents would have covered it. It wasn't great PR for the company.

    Then recently the alt-right adopted Poppa John's as their "official" pizza in support of his comments on the NFL. I'm sure that didn't thrill shareholders either.
     
  31. bingbing

    bingbing Learning to care less about things I can control
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    Allegedly his house has an insane next level psycho panic room/bunker. I imagine it looking like the Ex Machina house.
     
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  32. dukebuckeye

    dukebuckeye P.G.I.T
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    #RespectHisDecision
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  33. Fudd Bezos

    Fudd Bezos 258 ventilators per hour
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    5 likes.

    Pitiful.
     
  34. Boo MFer!

    Boo MFer! UCF has a clown car of talent at RB and WR.
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    I know someone whose job involves working closely with Papa Johns and John Schnatter. He refers to him as Papa in conversation, and it’s really creepy.
     
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  35. BudKilmer

    BudKilmer Well-Known Member
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    :doge:
     
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  36. BudKilmer

    BudKilmer Well-Known Member
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  37. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    Compared to the other chains

    Papa Murphy's #1 obviously
     
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  38. Boo MFer!

    Boo MFer! UCF has a clown car of talent at RB and WR.
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    Lol imagine paying for shitty takeout pizza that you have to still cook yourself.
     
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  39. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    This seems seems like an overly strong take on chain pizza. Plus Papa Murphy's is good :idk:
     
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  40. pbfp2008

    pbfp2008 Angry Ol' Man
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    Preach
     
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  41. Kirk Fogg

    Kirk Fogg "Tell them what they've won Olmec!"
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    Things went down hill as soon as Rick Pitino came down his leg after 15 seconds of sex in Louisville’s finest Italian restaurant, Papa John’s.
     
  42. Boo MFer!

    Boo MFer! UCF has a clown car of talent at RB and WR.
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    Mellow Mushroom is about the only chain pizza I’ll eat. Shoutout to FuckSudan.

    The rest is complete trash.

    Edit: There’s a Marco’s near my house that’s decent.
     
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  43. Nandor the Relentless

    Nandor the Relentless Former Leader of Al Quolanudar
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    It was actually Porcini's, but I still enjoy the dig.
     
  44. tjsblue

    tjsblue I was right at the time
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    It says in the article they haven't decided yet. But yeah I'm going to go with no.
     
  45. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    It's pizza. It's all the same to a degree.
     
  46. Boo MFer!

    Boo MFer! UCF has a clown car of talent at RB and WR.
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    This is not a true statement.
     
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  47. The Banks

    The Banks TMB's Alaskan
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    Thoughts on DoughCo?
     
  48. Joe_Pesci

    Joe_Pesci lying dog-faced pony soldier
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    i never ate any of their food but more than once i saw their delivery drivers accept weed as payment
     
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  49. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
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    Yes it is. Especially chain pizza.