Things may finally be looking up for Papa John’s following a damaging upheaval caused by a racist outburst by its founder which was caught on tape. The troubled pizza chain’s stocks jumped over 8 percent on Monday on news that it received a $200 million lifeline from Starboard Value LP. The company also announced that Starboard CEO, Jeffery Smith has become its new chairman as part of the deal which promises to draw a line under what has been a damaging period for the business. It will be recalled that in July 2018, founder and former Chairman John Schnatter was The post Papa John’s Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is ‘Definitely Not Racist’ appeared first on CCN
