Papa John Now Owns Only 4% of Papa John's
Papa John's (NASDAQ: PZZA) founder John Schnatter got forced out of the company he founded after a number of controversies. That led to lawsuits, a lot of mudslinging back and forth, and, finally, an agreement between the pizza maker and the man who launched it.
That deal removed Schnatter, known commercially as Papa John, from any operating role in the company. Yet he remained a significant shareholder -- until now.
Image source: Getty Images.
Source Fool.com
