Papa John's Founder Apologizes for Slur After Misstep Hits Stock
- Schnatter admits using racial epithet on May call with agency
- Pizza chain urges staff in memo to take ‘hit for our missteps’
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Papa John’s International Inc.’s outspoken chairman John Schnatter has apologized after another controversy over his comments battered the shares of the pizza chain he founded.
Just seven months after exiting the CEO role after making critical comments about the NFL’s national-anthem dispute, Schnatter came under fire following a media report that he used a racial slur and graphic descriptions of violence against minorities on a May conference call with a media agency.