I'm guessing in 30 days Papa John's Pizza will be sold to someone & name changed.

[Stuart G]

That name and that company will be gone forever. New buyer may even change the pizza. If I recall the one time I had it, it was not good...

[Wellstone ruled]

1. Sure looks like the probable out come.

[pnwest]

2. why? what'd i miss?

[Stuart G]

3. Here is a link to the story on Democratic Underground..

https://www.democraticunderground.com/10142108407

[pnwest]

7. thank you :)

[MrsCoffee]

4. The n-word scandal.

[Locrian]

5. "Flush Papa Johns" - my new slogan - like it? n/t

[Stuart G]

6. Not bad...this could go down as one of the dumbest things ever said by an owner...

of a well known company. I do not recall one that is worse than this, but I am sure there are others.
Anyone know of another this bad?

[BritVic]

10. This is a famous case in the UK

https://en.wikipedia.org/wiki/Gerald_Ratner

[A HERETIC I AM]

8. It's publicly traded.

In order for it to "be sold to someone & name changed" that someone or someones would have to buy enough shares to give them a controlling interest then take it private.

https://finance.yahoo.com/quote/PZZA?p=PZZA

[Stuart G]

9. Thanks for the information. Couldn't stock holders vote on name change?

..would take quite an effort, but might save this company.. I really haven't got a clue as to what the outcome will be.

[A HERETIC I AM]

16. Yes they could.

But the Board would have to put it up for a vote. If the board didn't do that, nothing would change.

I own a few shares various companies (no Papa Johns however) and when I get notices of shareholder meetings and the agenda, it is already laid out as to what would be voted on. It would take a concerted effort by all the shareholders to convince the board to put such a thing on the agenda.

Frankly I think they'll get past it. We both know people's memory is short, and this will indeed blow over. Schnatter is off the board and as long as he keeps his mouth shut, no one will remember this in 6 months.


Recall if you will the E Coli outbreak at Jack-In-The_Box restaurants in the 90's.

Not only did they survive, they are, from what I understand, the industry leader in proper food handling techniques these days.

The point is, companies are able to get past bad press.

[Hassin Bin Sober]

12. Yep. Dick-with-ears is still the largest shareholder.

His resignation doesn’t mean much. The guy still controls the company.

[A HERETIC I AM]

18. He does still have to answer to the Board of Directors, however.

And that is why he is no longer Chairman of the Board.

He gave up being Chief Executive Officer back in December or January because of the NFL kerfluffle.

According to this article, he owns 24% of the shares of common stock

https://www.cnbc.com/2018/07/10/papa-johns-founder-john-schnatter-resigns-as-chairman-of-company-boar.html

[lunatica]

11. Too complicated. Just say and sell "improved pizza"

and make good pizza while they’re at it.

[Blue_true]

13. I ate one Papa's pizza, never touched another. It was bad. nt

[brooklynite]

14. I'm guessing in 30 days, nobody will remember that this story happened.

[left-of-center2012]

15. New buyer may even change the pizza.

I stopped buying it because it always tasted 'sweet'.

I prefer a spicy pizza.

[exboyfil]

17. Dominos was $209/share last year

and it is $279/share now. Papa John's has gone from $75 to $54.

It is getting beat to death. Dominos has 10X capitalization to Papa Johns. Maybe they will buy them and shut them down.

[Roland99]

19. UofL decided today to take his name off the football stadium!

#L1C4

[SDJay]

20. They Should Change

their pizza too. I was at birthday party for a classmate of my daughter's recently. Her family had PJs, as apparently the birthday kid loves it. I hadn't had it, and I gotta say... it was absolutely fucking terrible. I took one bite and ditched the rest of the piece. My daughter didn't like it either. So bad. Bubbly crust, sweet sauce, barely any cheese and cheap toppings. Horrible in every way.

[Algernon Moncrieff]

21. I believe Americans have short memories

I suspect they will offer a lot of coupons and make a public show of donating to charities.

...or they might hire Ted Nugent and Kid Rock as spokespeople and tell America now they really feel.

[GaYellowDawg]

22. It's disgusting pizza.

I thought it was good back in the 90's when it was the first challenge to Domino's and Pizza Hut. But the ingredients have gone to hell in a handbasket. The sauce is too sweet and sucks, the toppings taste like high school cafeteria pizza, the crust is the cheapest dough possible. Even the garlic butter has declined. At the same time they had the CEO on talking about "better ingredients, better pizza," the ingredients were obviously getting much worse, just the opposite of what was being claimed. No wonder that fucker is Republican.