Angelina Jolie is fighting Brad Pitt so hard and nasty in their divorce and child custody dispute, her lawyer is quitting her … sources tell TMZ. Sources familiar with the matter say Angelina has been out for blood. As one source connected to Brad…
Showing posts with label Hostile. Show all posts
Showing posts with label Hostile. Show all posts
Saturday, August 4, 2018
Tuesday, July 24, 2018
Papa John"s Worries Founder John Schnatter Will Try a Hostile Takeover
On July 11, Papa John’s namesake John Schnatter admitted to having used the n-word in a conference call and resigned as chairman of the company’s board.
The company has removed his license from marketing.
Unfortunately, some at the company fear that the man who has dragged the company down with him through multiple controversies will return — with a hostile takeover.
John Schattner is no longer the chairman of Papa John’s board of directors. But he is still on the board.
It was only six months ago that he resigned as the company’s CEO after making other controversial remarks — which, by the way, were also laced with (less explicit) racism.
Will the company finally oust him and try to save the brand?
Right now, they’re taking steps to at least limit the damage — by adopting what is known in the business world as a “poison pill.”
The Wall Street Journal reports that the Papa John’s board voted to prevent John Schnatter from increasing his stake in the company beyond its current 29%.
The fear, you see, is that the company’s founder and former CEO will purchase enough stock to obtain a majority share in the company — anything over 50%.
If he does that, then he would possess a controlling interest in the brand.
That would be a real coup for him, but absolutely devastating to Papa John’s stock, which has continued to fall in recent months.
That is why they have introduced this poison pill — or, as they called it in their statement, a “limited duration stockholder rights plan.”
The board has already removed Schnatter’s office at headquarters and, on July 13, made the wise decision to stop using his image in promotional materials.
This latest development stems from a July 11 report that claimed that John Schnatter had used the n-word during a conference call in May.
That word, which is unacceptable for use in any context, was allegedly accompanied by graphic descriptions of violence against racial minorities.
The fallout was swift, with the pizza company losing its media agency over the report and a swell of public outrage.
CEO Steve Ritchie (who replaced Schnatter just months earlier) released a statement: “Racism has no place at Papa John’s.”
Schnatter did admit to having used the slur. He resigned his position as chairman, but remains on the board.
An attorney for Schnatter has whined that the company is treating the founder as a “scapegoat” for struggles with investors.
That remark struck some as funny, given that Schnatter had complained that Papa John’s stocks were falling as a result of NFL players protesting police brutality.
Papa John’s was, at the time, the official pizza of the NFL, for whatever that’s worth. They have since been replaced by Pizza Hut.
Schnatter also made waves for the company — in a bad way — in 2012, when he lashed out at the Affordable Care Act’s requirements, and stated his intentions to pass on those (minor) costs to the consumer.
The man lives in a comically large mansion in the middle of a golf course. His complaints about “onerous” healthcare costs did not go over well.
It is possible, even likely, that Schnatter’s fondness for stirring up racially charged and even explicitly racist controversies is not the only problem ailing Papa John’s.
Their pizza is notable pricier than that of some of their competitors. A Domino’s coupon can get you two medium two-topping pizzas for less than a Papa John’s large specialty pizza costs — also with a coupon.
Customers can do math. But a bad reputation can really sour a brand.
When it comes time for people to order pizza in groups, whether they’re going to watch a sports game or play Dungeons and Dragons, no one wants to be the first to suggest the company that, in some minds, has become synonymous with racism.
The company itself is not to blame, but they have a lot of damage control work ahead of them.
And all of that will be for nothing if Schnatter ever does succeed in a hostile takeover.
Tuesday, March 13, 2018
Roger Mason Says BIG3 Is Hostile & Racist, BIG3 Calls BS
Roger Mason is firing back at the BIG3 basketball league after he was fired as commissioner — claiming the work environment has been “hostile and racist.” But BIG3 & Ice Cube say he’s full of crap. TMZ Sports broke the story ……
Thursday, August 10, 2017
Zach Randolph Arrested for Weed In L.A., Crowd Turns Hostile
NBA star Zach Randolph was arrested in L.A. on Wednesday night — igniting a crazy disturbance that required cops to call in the cavalry for backup, TMZ Sports has learned. LAPD officers were called to the Nickerson Gardens area in L.A. around…
Monday, June 26, 2017
Migos and Joe Budden Nearly Come to Blows After Hostile Interview
Migos taught Joe Budden a valuable interviewing lesson — don’t abruptly end it and walk off unless you feel like getting your ass kicked. The bizarre scene went down Sunday as Budden, DJ Akademiks and Nadeska Alexis interviewed the rap…
Tuesday, January 24, 2017
Pacman Jones "Deeply Embarrassed" Over Hostile Arrest Video ... "Committed to Anger Management"
Pacman Jones says he’s seeking counseling and anger management after telling a Cincinnati police officer to “suck my d**k” and “die” during an arrest earlier this month. TMZ Sports broke the story … the Cincinnati Bengals star went insane…
Pacman Jones "Deeply Embarrassed" Over Hostile Arrest Video ... "Committed to Anger Management"
Pacman Jones says he’s seeking counseling and anger management after telling a Cincinnati police officer to “suck my d**k” and “die” during an arrest earlier this month. TMZ Sports broke the story … the Cincinnati Bengals star went insane…
Subscribe to:
Posts (Atom)