Papa John Says N-Word During Meeting

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Опубликовано 13 июля 2018, 4:00
WOW! The guy who hated NFL players kneeling said a racial slur! SHOCKING! Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. TYT has a new audio network! Check it out at: tyt.com/audio

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"Papa John's Pizza's founder John Schnatter may have resigned as chairman of the restaurant chain's board of directors following news that he used a racial slur in a conference call, but he still owns a substantial stake in the company.

Schnatter owns roughly 30 percent of Papa John's. As of March 12, his stake was worth $622 million, though a recent decline in the company's stock price now values it at $479 million as of the close of trading on Wednesday.

Other major stockholders include asset management firm BlackRock, with a 9 percent stake; hedge fund Eminence Capital (6.5 percent); and investment advsier Vanguard (6 percent).

Schnatter resigned as chairman on Wednesday amid a growing uproar about his comments, but he will remain on the board. Papa John's shares, which fell nearly 5 percent on Wednesday, were up 12 percent on Thursday.

Schnatter, long the face of Papa John's through his TV commercials, acknowledged using a racial slur during a May conference call. He also apologized following a media report that said he had graphically described violence against minorities."

Hosts: Cenk Uygur, Ana Kasparian

Cast: Cenk Uygur, Ana Kasparian

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