Papa John’s Board to Discuss ‘Poison Pill’ to Block Founder From Gaining Control

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Papa John ’s Board to Discuss ‘Poison Pill’ to Block Founder From Gaining Control

Papa John ’s International Inc. board members are planning to talk about and presumably vote Sunday morning on whether or not to undertake a “poison pill” to stop its controversial founder from gaining a controlling curiosity within the pizza chain, in accordance to individuals conversant in the matter.

The board in current weeks has been attempting to sever ties with John Schnatter, who based Papa John’s 34 years in the past, following revelations that he used a racial slur throughout a current convention name.

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