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The Wall Street Journal: Papa John’s founder: ‘It was a mistake’ to resign as chairman

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.

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