Newsdeck: Papa John’s Founder Decries Pizza After Eating 40 in 30 Days By Bloomberg
Papa John’s International Inc.’s notorious founder and former leader lambasted the pizza chain publicly for the second time in as many months, naming a handful of executives that he says should be jailed while calling out the new chief as having “no pizza experience.”
Under a spotlight, a visibly sweating Schnatter launched into a tirade against Papa John’s executives, accusing them of setting him up. “The day of reckoning will come,” said Schnatter, dressed in a customary red button-down. “The record will be straight,” he said, cryptically suggesting multiple times that viewers “stay tuned” for more.
A spokeswoman for Papa John’s didn’t reply to a request for comment. The company’s shares were little changed in Tuesday trading.The pizza chain, which got an investment earlier this year from activist investor Starboard Value LP, has been working to mount a comeback following a sales slump and a scandal involving Schnatter’s use of a racist slur that the founder says was taken out of context.
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