Tuesday, 18 September, 2018

Papa John’s founder apologizes for using N-word during conference call

Papa John's founder apologizes for using N-word Papa John's founder apologizes for using N-word
Jeannette Daniel | 12 July, 2018, 13:12

UPDATED 3:39 p.m. ET: John Schnatter has admitted that the report about the offensive and racist language he used on the Papa John's conference call is true.

"Colonel Sanders called blacks n--s", Schnatter said, before claiming the KFC founder never faced public backlash like he has received.

"Regardless of the context, I apologize", the statement says.

He blamed NFL leadership for hurting the company's performance because it hadn't resolved the ongoing controversy over players kneeling in protest during the national anthem.

UofL spokesman John Karman told Insider Louisville that the university is now reviewing the Forbes story, but did not yet have a statement from President Neeli Bendapudi and the trustees chairman J. David Grissom. Grissom defended Schnatter, saying the comments did not reflect his personal beliefs.

Schnatter, Founder, Chairman & CEO of Papa John's International, Inc. rings the NASDAQ Opening Bell at NASDAQ MarketSite on January 31, 2014 in New York City. "Simply stated, racism has no place in our society", the statement read. He previously resigned his seat on the board of trustees at the University of Louisville.

More news: Trump sets off for North Atlantic Treaty Organisation summit in combative mood on military spending

Papa John's issued an apology after the November 1 conference call distancing itself from Schnatter's comments. Forbes said that this remark was apparently used to try and "convey his antipathy to racism".

'No member of the board of trustees condones racism or insensitive language regardless of the setting.

An article published Wednesday in Forbes detailed the latest incident from May involving a conference call between Papa John's executives and the marketing agency Laundry Service.

Schnatter founded Papa John's in 1984 and opened the company's first restaurant in 1985.

Schnatter, for his part, confirmed the incident to Forbes on Wednesday.

Shares in the pizza company dropped 5.9 percent following the announcement of the news, knocking $96.2million (£73million) off the company's market value. In a complicated arrangement, the school's deal is with Schnatter himself, not the Papa John's brand, and provides that if he leaves the company, Schnatter can rename the building.

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