The Papa John's Saga (cont'd.)

The Papa John's soap opera continues. Earlier in the week, former chairman and CEO John Schnatter insisted that the performance and behavior of top management — and not his falling out with the NFL — is to blame for its financial struggles this year. Papa John's board of directors returned fire with a letter asserting that, "John Schnatter is promoting his self-interest at the expense of all others in an attempt to regain control" and that he "demonstrated a continued pattern of ignoring decisions of the Board, both in his role as CEO and as non-executive Chairman of the Board."