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    Papa John’s Founder Resigns After Racial Slur

    John Schnatter has stepped down as board chairman after reports emerged that he used the N-word on a conference call with executives and a marketing agency in May. He later apologized, claiming the slur was part of a role-playing exercise. “Simply stated, racism has no place in our society,” said Schnatter, who founded the pizza company in 1984. The 56-year-old stepped down as CEO last year after claiming the NFL’s player protests had hurt sales. The company says it’ll appoint a new chair in the coming weeks.

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