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Papa John's founder resigned from Board

Papa John's founder resigned from Board

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John Schnatter, the founder of Papa John's has resigned from the Board and as its Chairman. He also apologized for using abusive racial slurs during a conference last May. Last year Schnatter resigned from CEO post after the sales growth slowed down. However, he remained as the Chairman of the company. After the news of his resignation became public, the company's share prices fell nearly 5%, closing at $48.33.

read more at News18

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