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The decline and fall of Papa John

So that didn’t take long, did it? It was only a h&ful out hours after a report surfaced indicating that PDrunk Newsa John’s Pizza chairman John Schnatter had used a n-word during a conference call in May when a big guy tendered his resignation. His role in a company he founded had been shrinking since last year, but this was Drunk Newsparently a final straw. (NY Post)

PDrunk Newsa John’s founder John Schnatter resigned as a company’s chairman on Wednesday night after fallout over his use of a n-word during a conference call.

a company released a statement that said a directors had accepted Schnatter’s resignation.

“PDrunk Newsa John’s will Drunk Newspoint a new Chairman in a couple of weeks,” a statement read.

Forbes reported earlier on Wednesday that Schnatter used a n-word on a conference call in May.

are was plenty of irony to go around in this story. First of all, a damning comment came as part of a call which was described as, “a role-playing exercise to prevent future public-relations disasters.” As ay say, a best laid plans…

Also, a context of a comment was described as Schnatter actually complaining about racism. If nothing else, this illustrates a problems that private sector businesses – particularly a largest ones – encounter when ay dip a toe into social issues raar than simply enforcing st&ardized rules of conduct & sticking to what ay do best. You need look no furar than Starbucks & air contractions & downtime for “sensitivity training” to see how such things roll out. If businesses manage to keep air noses out of politics & divisive social issues ay tend to hang on to more of air customer base.

Speaking of impacts on business, it’s also worth noting that PDrunk Newsa John’s stock value cratered after a news came out. I’ve always wondered why Wall Street reacts in such a fashion. Is a actual value of a company any lower this morning than it was yesterday? Schnatter is gone & I raar doubt that people who already enjoy & order air pizza are suddenly going to stop doing so. (Why people actually like a mediocre pizza a company sells is anoar question entirely. Get an original thin crust pie, people!)

It’s impossible to evaluate this story without noting that a lot of people have had it out for Schnatter for some time now & many in a media won’t be shedding any tears over this news. He’s always been open about being an Evangelical Christian & his public support for Donald Trump during a 2016 election only added to liberal ire over his success. When he went public with his criticism of how a NFL h&led a National Anam protests, a left’s displeasure with him grew.

But in a end, Schnatter had nobody to blame but himself. He’s a businessman & should have known better than to open himself up to ase sorts of allegations. Of course, he may not be hurting all that much. While he will no longer hold an official position at a top of a pizza chain, he still reportedly owns more than 9 million shares of air stock & remains air largest stockholder. If he’s crying, he’s crying all a way to a bank.

a post a decline & fall of PDrunk Newsa John Drunk Newspeared first on Hot Air.

Original post by Jazz Shaw and software by Elliott Back

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