Papa John’s says founder resigned as chairman of the board.

Papa John’s founder John Schnatter has resigned as chairman of the pizza chain’s board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. Schnatter, who has appeared in TV ads for the pizza chain, still owns about 30 percent of the company’s shares. Forbes reported that Schnatter used the N-word during a media training exercise. …read more

Source:: Yahoo Finance

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