Board members at Papa John’s International Inc. are pushing back on founder John Schnatter’s efforts to regain control of the company. A special committee made up of the company’s independent directors issued an open letter on Wednesday disputing what Mr. Schnatter has said about the board’s recent actions. The board members said Mr. Schnatter is“promoting his self-interest at the expense of all others in an attempt to regain control.”...
Source: Wall Street Journal August 29, 2018 23:19 UTC