Friday, December 22, 2017

Business: Papa's Out!: Pizza Head booted after blasting NFL

-New York Post.
 Outspoken and controversial  founder and chief executive of Papa John's Pizza, John Schnatter — who got caught in a huge flap last month after he publicly criticized NFL leadership over the national anthem protests — is stepping down on Jan. 1, the company said late Thursday.
Papa John’s said Schnatter will be replaced as CEO by its 43-year-old chief operating officer, Steve Ritchie, who has been with Papa John’s for 21 years.
Papa John’s, the official pizza sponsor of the NFL, ended up apologizing last month after white supremacists praised Schnatter’s comments.
Schnatter, meanwhile, blamed the anthem controversy along with the league’s response to it for Papa John’s flat revenues in the most recent quarter.
“The NFL leadership has hurt Papa John’s shareholders,” Schnatter griped at the time, adding that the protests “should have been nipped in the bud a year and a half ago.”
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 in support as well.
“The controversy is polarizing the customer, polarizing the country,” Schnatter said.
Papa John’s shares sank 13 percent after his remarks on an earnings call.
Despite his ouster as CEO, Schnatter will remain chairman of the company he founded in 1984.
But Ritchie’s role could be short-lived, given Schnatter’s history. In 2005, during another dip in sales, Schnatter stepped down as CEO, only to take over the helm again five years later.

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