A letter from my reader:
“DOAN, have you been keeping up with the boycotts? Businesses have been losing money because we aren’t spending with them…Papa Johns put his foot in his mouth and lost business.”
Papa John’s CEO loses millions after slamming NFL leadership
- Papa John’s CEO’s net worth fell $70 million in one day.
- John Schnatter blamed NFL leadership and players’ national-anthem protests for the chain’s subpar sales in the most recent quarter.
- Papa John’s shares took a hit following his comments.
The CEO and founder of Papa John’s saw his net worth drop by millions after the pizza chain reported worse-than-expected sales, which he blamed on the NFL.
John Schnatter’s net worth dropped $70 million between Tuesday afternoon and Wednesday afternoon, Forbes reported. As of Wednesday, Schnatter was worth $801 million.
Schnatter owns roughly 25% of Papa John’s — so when the company suffers, he is directly affected.
Papa John’s shares plummeted after the company reported on Tuesday that same-store sales increased 1% in the most recent quarter, falling short of expectations. The company additionally lowered its forecast for North American same-store sales for the year to 1.5%, down from 2 to 4%.
Shares fell further after the company’s earnings all on Wednesday morning, during which Schnatter blamed NFL leadership for failing to resolve the controversy over players protesting during the national anthem.
The San Francisco 49ers quarterback Colin Kaepernick started kneeling during the anthem last year to protest racial injustice and police brutality. The controversy over the protests was renewed in September after President Donald Trump said players who did so should be fired.
“We are totally disappointed that the NFL and its leadership did not resolve the ongoing situation to the satisfaction of all parties long ago,” Schnatter said. “This should have been nipped in the bud a year and a half ago.”
Papa John’s shares have since recovered somewhat, trading at $61.50 as of 10:05 a.m. on Thursday.
Copied from : http://www.businessinsider.com/papa-johns-ceo-loses-millions-after-nfl-criticism-2017-11
Dear Black Family,
It’s been NO secret that everyone on this planet uses us for their own personal gain. They despise us yet need us to make them rich and due to low self esteem, we comply, we buy, we brag about our 500.00 Jordan’s, all the while our communities have zero fresh vegetables, failing businesses and no black owned schools.
This boycott should be the beginning of the END for non black companies. From the Asian beauty supply stores that speak badly about us in front of us in Cantonese, to the East Indians who sell our children poison meat and stale milk, to the Arab who openly calls us niggers then demand that we buy their newspapers and their gas, let them ALL fail.
The one great thing about Trump being in office is how brazen they have all become in their hate for us while thinking we’ll still support them! We are 50% to blame for this thinking as we suffer from Stockholm Syndrome and many of us are too far gone to stop now.
But for those of us that are awake, vibrant, clever, ever-thinking and ready for stealth combat, let this season be the one that shows our open enemy that we’re done playing the economic game with them.
Let’s simply turn our backs on them without saying a word and watch them slowly go out of business.
Please pass along this post and begin today.
A great start is to boycott Michael Jordan’s sneakers and clothing line.
This black male has stocks in the prison industrial system.
Did you notice that Papa John’s ( a fake JOO ) uniform is the Freemasonic colours of Red and Black?