Thursday, July 19, 2018
Business

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

NEW YORK — 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. When asked how he would distance himself from racist groups, Schnatter reportedly complained that Colonel Sanders never faced a backlash for using the word.

FROM 2016: Papa John’s CEO tells USF group how he mixes pizza and sports

In a statement released by Louisville, Kentucky-based Papa John’s, Schnatter said reports attributing use of "inappropriate and hurtful" language to him were true.

"Regardless of the context, I apologize," the statement says.

The University of Louisville also said Wednesday that Schnatter resigned from its board of trustees, effective immediately.

Schnatter had already stepped down as CEO of Papa John’s last year after blaming slowing sales growth on the outcry surrounding football players kneeling during the national anthem.

As of Thursday morning, Schnatter’s image remained on Papa John’s website. The company had noted in a previous regulatory filing that its business could be harmed if Schnatter’s reputation were negatively impacted.

Papa John’s shares were up 4 percent Thursday morning after the company announced Schnatter’s departure.

Comments
Get this: Bank of the Ozarks is the country’s largest construction lender

Get this: Bank of the Ozarks is the country’s largest construction lender

This surprised me: Little ole Bank of the Ozarks is the country’s largest construction lender, loaning out more to the industry than financial heavyweight Wells Fargo and Bank of America.Those factoids were part of a lengthy profile of the bank pub...
Updated: 1 hour ago
Tampa Bay and Florida businesses expect tariffs to drive prices up

Tampa Bay and Florida businesses expect tariffs to drive prices up

TAMPA — Tariffs imposed by the Trump administration and other countries are beginning to push up prices and depress demand in spots around the Tampa Bay area and Florida, business executives say."We’ve definitely seen that the tariffs have increased ...
Updated: 3 hours ago
When suicide threats come calling: ‘I try to make a connection.’

When suicide threats come calling: ‘I try to make a connection.’

TAMPA — At first glance, it’s a typical office with more than a dozen cubicles under florescent lights. The operators wear headsets and stare into computer screens, some tinkering with handheld toys, others browsing Facebook or chatting with colleagu...
Updated: 4 hours ago
St. Pete residents storm City Council with allegations against Kevin King

St. Pete residents storm City Council with allegations against Kevin King

ST. PETERSBURG — At Thursday’s City Council meeting, seven residents called for the resignation of Mayor Rick Kriseman and Kevin King — one of his closest confidants — over allegations that King "preys" on homeless black men.Jesse Nevel, the vice pre...
Updated: 10 hours ago
OSHA has open inspection into Clearwater company MagneGas

OSHA has open inspection into Clearwater company MagneGas

CLEARWATER — The federal Occupational Safety and Health Administration has an open inspection into a safety-related incident involving Clearwater-based MagneGas Corp. A federal investigator opened the inquiry into the publicly-traded alternative fuel...
Published: 07/19/18
Winn-Dixie remodeled in Tampa opens as sixth made-over store this year

Winn-Dixie remodeled in Tampa opens as sixth made-over store this year

TAMPA — Winn-Dixie unveiled another remodeled store, the sixth in the area, after promising to remodel much of its chain following its emergence from bankruptcy this year.The made-over store at 805 E. Dr. Martin Luther King Jr. Blvd. has a host of ne...
Published: 07/19/18
Starbucks to open its first U.S. sign language store

Starbucks to open its first U.S. sign language store

WASHINGTON — Starbucks has more than 8,000 stores nationwide. One of them will soon be run entirely in American Sign Language.Starbucks’ first signing store in the United States will hire 20 to 25 deaf, hard of hearing and hearing partners with the r...
Published: 07/19/18
State Rep. Janet Cruz calls to cut off state ties with SunPass contractor, waive toll fees

State Rep. Janet Cruz calls to cut off state ties with SunPass contractor, waive toll fees

TAMPA - State Rep. Janet Cruz, D-Tampa, says she’s fed up with Florida’s problems with the SunPass tolling system that have persisted since early June.She’s asking the state to address what she referred to as the "gigantic racket" with the following ...
Published: 07/19/18
St. Petersburg beef company recalls more than 6,000 pounds of meat

St. Petersburg beef company recalls more than 6,000 pounds of meat

ST. PETERSBURG — A St. Petersburg wholesale meat retailer is recalling more than 6,000 pounds of fresh and frozen beef because of possible E. coli contamination, the USDA said Thursday.Five products produced by the St. Petersburg-based Ottomanelli Wh...
Published: 07/19/18
This week in savings: Best Tampa Bay grocery deals for July 18 - 25

This week in savings: Best Tampa Bay grocery deals for July 18 - 25

It’s a regular occurrence for me: Once a week, I’ll take out all the ads that have been mailed to my house and spread them across my tiny glass table.I grab my scissors for any coupons. Pull up any apps for stores whose ads I didn’t get and laugh at ...
Published: 07/19/18