Papa John’s International Inc.’s founder said “it was a mistake” to step down as chairman and is questioning how the company’s board investigated his use of a racial slur.
John Schnatter resigned last week after publicly apologizing for using the slur during media training with a marketing agency. Days later, in a letter to the directors reviewed by The Wall Street Journal, he accused the board of failing to do due diligence on the matter.
“The board asked me to step down as chairman without apparently doing any investigation. I agreed, though today I believe it was a mistake to do so,” Schnatter said in the letter, dated Saturday. “I will not allow either my good name or the good name of the company I founded and love to be unfairly tainted.”
Papa John’s PZZA, -4.00% declined to comment Monday, but the company has continued to distance itself from its founder. Schnatter is no longer allowed to use office space at corporate headquarters in Louisville, Ky., and the company said he will no longer be in any advertising or marketing materials.
An expanded version of this report appears on WSJ.com
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