Papa John’s Founder Resigns: It just goes to show that, no matter how successful, loved, and respected you are, racism will get you nowhere. We saw it with Roseanne Barr, and now we’re seeing it (again) with John Schnatter, aka the Papa John.
On Thursday, John Schnatter, the face and founder of Papa John’s, resigned from his position as board chairman.
Papa John’s Founder Resigns as Board Chairman: But Why?
John Schnatter has been the subject of a lot of scrutinies this year, ever since a conference call in May. During the call, the founder of the pizzeria chain is reported to have used a racial slur.
According to a Forbes report, during an exercise centered around media training, John Schnatter used the N-word.
To no surprise, the news of this sparked public outrage. And, unlike other people in these situations, Schnatter faced up to what he did, releasing a statement where he apologized.
In the statement, the Papa John’s CEO addressed the reports and said that they were true. He then added that “regardless of the context,” he was sorry for his choice of words. He ended with “racism has no place in our society.”
He Apologized… So Why Did He Resign?
In the world we live in currently, apologies don’t seem to go very far. People want more liability, and less of these incidences occurring. The only way to make sure that this happens is to set an example. The reboot of Roseanne was canceled, due to the actress’ racist comments, and John Schnatter still had to resign.
The Resignation(s)
Within a span of 8 months, John Schnatter has stepped down from both CEO and board chairman of Papa John’s.
Moreover, on Wednesday, the University of Louisville announced that the former CEO had also stepped down from the school’s board of trustees.
The Papa John’s Stock (NASDAQ:PZZA)
Are investors celebrating? Because it looks like it.
>> General Mills Dividend Growth Slowing Down as Financial Numbers Drop
According to Google Finance, at 3:38 p.m., Papa John’s was trading at $53.91, which puts the stock up 11.55%.
Papa John’s Founder Resigns as Board Chairman: Takeaway
How do you feel about the news of Papa John’s founder resigning? If you’re upset, I get it: John Schnatter is a household name and face. But what he did was wrong, plain and simple.
And this is how we stop racism from occurring, by holding people accountable. Whether it is an actress, a businessman, or a police officer, we have to make it known that no one can discriminate and get away with it.
Featured Image: twitter
