Papa John's Founder: I Shouldn't Have Stepped Down

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'The board asked me to step down as chairman without apparently doing any investigation.

He bought three units in a new condominium-and-residence complex in Deer Valley for about $23 million, The Wall Street Journal reported.

Schnatter, who founded Papa John's in 1984, stepped down as chairman last week after it was revealed that he used the n-word during a media training call with the marketing agency, Laundry Service.

A Papa John's spokesman did not immediately reply to a request for comment. That ownership position ensures that Schnatter will be a key figure for the company in the coming days, despite the fact that he no longer holds an official role in its operation.

Papa John's worldwide has chose to end a lease agreement with John Schnatter, the founder and public face of the pizza chain.

"This other party used that word a lot", he said.

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"They made it pretty clear, the words were, "If I don" t get my f-ing money, I'm going to bury the founder, ' said one of the executives", Schnatter said in the WLKY interview.

The committee of independent directors with the fewest business and personal ties to the onetime chairman was formed to "evaluate and take action with respect to all of the company's relationships and arrangements" with Schnatter, according to the statement. "We had talked about it and he indicated it was influx and yes he had asked for more time and then once we had made the decision, no promises were made that that would be possible obviously, and then when I made the final decision tried to reach him again and texted, that our decision was made".

Laundry Service has not commented on Schnatter's allegations and did not return the Daily Mail's request for comment. Same-store sales in North America, similarly, dropped 5.3 percent during the first quarter, as its lost ground to Domino's and Pizza Hut.

A special committee of Papa John's board of directors has "approved and directed the company to terminate a sublease agreement granting Mr. Schnatter the right to use certain office space at the company's corporate headquarters", the company said in a statement. Until recently, Papa John's was an National Football League sponsor and Schnatter attempted to blame poor sales on anthem protests held by National Football League players. Schnatter says he used the word while describing how Colonel Sanders spoke, but that he would never use it as an epithet.

Schnatter has said that he thought the call was confidential.

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