Retail News

Papa John’s uses ‘poison pill’ to block founder

Louisville Courier Journal 07/23/2018

Papa John’s board members have passed a “poison pill” measure to block founder John Schnatter from gaining a majority stake in the company. Mr. Schnatter, who currently owns about 30 percent of Papa John’s shares, recently resigned as chairman of the company after it became public that he used a racial slur on a conference call in May.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!