Papa John's founder reportedly used n-word during conference call

Papa John's founder reportedly used n-word during conference call

Papa John's founder reportedly used n-word during conference call

Papa John's said in a statement late Wednesday night that it will appoint a new chairman in the coming weeks.

Schnatter opened the first Papa John's in Jeffersonville, Ind., in 1985, according to the company's website, and has been among the more high-profile CEOs in the US, appearing in commercials for his chain.

After news of Schnatter's use of the N-word during a training call, Major League Baseball indefinitely suspended its Papa Slam promotion with Papa John's, Yahoo Sports reported.

In a company-released statement, Schnatter acknowledged that he made the "inappropriate and hurtful" remarks, going on to apologize for his actions "regardless of the context". The NFL's failure to resolve the issue of black players kneeling during the national anthem hurt advertisers' sales, he complained, leading to huge pushback on social media.

Papa John's announced that it had accepted John Schnatter's resignation on Wednesday.

Schnatter, according to Forbes, used the n-word on a conference call this past May.

John Schnatter, who in a simpler time was able to parade around as America's favorite pizza loving papa, is under fire for using the word "n****r" during a press conference about how to avoid bad PR.

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Papa John's shares fell almost 5 percent on the news Wednesday, dipping from a high of $51.04 shortly after the opening bell to $48.42 per share by the close. Trying to minimize his statements about the NFL, Schnatter reportedly said "Colonel Sanders called blacks n--".

On the call in May, Schnatter sought to downplay the significance of his criticism of the league and its players, Forbes reported. In the same call, Schnatter also reminisced over his upbringing in IN, where he claims African-Americans were dragged from the back of trucks until they died.

Papa John's began operations in 1984 and had more than 5,200 locations globally. The school even named its on-campus football field Papa John's Cardinal Stadium.

Following the incident, Papa John's International Inc. shares plummeted.

Schnatter on Wednesday admitted to making the slur in an email to Forbes magazine.

Schnatter's comments have forced the university to say that none of its board members condone racism.

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