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Papa Johnҳ Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is фefinitely Not Racist

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Papa John’s Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is ‘Definitely Not Racist’
Wed, 06 Feb 2019 11:51:42 +0000

Things may finally be looking up for Papa John’s following a damaging upheaval caused by a racist outburst by its founder which was caught on tape. The troubled pizza chain’s stocks jumped over 8 percent on Monday on news that it received a $200 million lifeline from Starboard Value LP.  The company also announced that Starboard CEO, Jeffery Smith has become its new chairman as part of the deal which promises to draw a line under what has been a damaging period for the business. It will be recalled that in July 2018, founder and former Chairman John Schnatter was

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