Is John Schnatter going back on his word?
Papa John's (PZZA) - Get Report founder John Schnatter told hosts of the "H3 Podcast," that he did not actually eat 40 pizzas in 30 days. Schnatter's clarifying statement dispells the boastful claim he made in November.
Schnatter said he was simply "inspecting" the pizzas and taste-testing slices. Schnatter clarified that he only "sampled" slices from 40 pizzas in 30 days. He went on to say that he eats around 8 or 9 slices per week.
Schnatter was ousted from the company after using a racial slur in a company conference call in 2018.
Schnatter, 58, founded Papa John’s Pizza in 1984. He stepped down as CEO in January 2019, after comments he made in November 2017 criticizing NFL commissioner Roger Goodell for not disciplining players involved with national anthem protests.
He was succeeded as CEO by President and COO Steve Ritchie but remained chairman of the board directors until July 2018. He then resigned as chairman of the board in July of 2018, when he used a racial slur in a conference call while trying to minimize the controversy over his NFL national anthem comments.
On February 10, Schnatter sold a million shares of his Papa John’s stock. The shares were valued at $63.24 each earning Schnatter more than $63 million. This isn’t the first time that Schnatter has sold his shares in Papa John’s in August 2019, he sold more than 700,000 shares of the stock worth more than $30 million.
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