The founder and chairman of Papa John’s, John Schnatter, was reportedly in talks with Wendy’s about a merger before he was ousted from the company following racist comments.
Both Wendy’s and Papa John’s refused to comment on the matter, but the Wall Street Journal, siting people “familiar with the matter,” said that “the talks between Wendy’s officials and Mr. Schnatter, who still sits on the board and owns 29 percent of Papa John’s, were preliminary and began before he stepped down as chairman last week . . . The talks, which Papa John’s board was aware of, have cooled since the incident.”
Schnatter was forced to resign after it was revealed that he said “Colonel Sanders called blacks n*****s and Sanders never faced public outcry” during a conference call with a marketing agency.