Papa John’s wants to bring back its founder Papa John Schnatter

Papa John’s is hoping to bring back founder John Schnatter, says Business Insider. Schnatter resigned as chairman in July 2018 after he used a racial slur on a media training conference call. Negative headlines following the event resulted in massive sales declines. Papa John’s just announced a $200 million strategic investment from the hedge fund Starboard Value. CEO Steve Richie told CNBC, “Obviously, we’re hopeful we can bring John along.”