Papa John's has issued a scorching condemnation of its founder. "In direct defiance of these instructions, John Schnatter made unscripted comments." Papa John's apologized, saying it hadn't meant to be divisive. The directors said they would defend the company against Schnatter's actions and "continue to do what is right for Papa John's and our stakeholders." Wednesday's letter is the latest salvo in an increasingly heated exchange between Schnatter and Papa John's current leadership.

Source: CNN August 30, 2018 01:07 UTC