Papa John's issued an apology after the November 1 conference call distancing itself from Schnatter's comments.
According to Forbes, the 56-year-old also spoke about his early life in IN on the conference call, and claimed people used to drag African-Americans from trucks until they died. "Simply stated, racism has no place in our society", his statement added.
Papa John's Pizza's vocal chairman, John Schnatter, is under fire again.
Papa John's' announcement of his resignation said that the company would be announcing a new chairman in coming weeks.
After quitting, Boris Johnson says Brexit 'dream is dying'
The Sun , Britain's biggest-selling newspaper, which has long argued for Brexit, said May had made "blunder after blunder". Former British Foreign Secretary Boris Johnson arrives at Carlton House Terrace in London, Britain, July 10, 2018 .
Wimbledon: Serena Williams one match from finals after win
If her best is anything like we saw Tuesday, it seems like it will be an incredibly hard task for Goerges to pull off the victory. But Serena bludgeoned her way out of trouble over the final two sets to stay on course for an eighth All England Club triumph.
Thai cave rescue: Tearful reunion as parents catch first glimpse of boys
The last of the Wild Boars team were brought to the surface on Tuesday. "The best way is not to bother them and let them study". Even UK football club Manchester United got in with the celebrations - and offered the boys a visit to Old Trafford.
The pizza chain founder used the racial slur in a media training session in May, according to media reports.
There are more than 3,400 Papa John's restaurants in the United States and Canada, including 40 in New Jersey.
By February, the Pizza Chain would end its sponsorship deal with the league entirely and it's biggest celebrity, Peyton Manning, would go on to sell his stake in the company.
An article published Wednesday in Forbes detailed the latest incident from May involving a conference call between Papa John's executives and the marketing agency Laundry Service.
Louisville plays its home games at Papa John's Cardinal Stadium, but players are pushing for a name change.
Papa John's stock had fallen 4.8 percent by market close Wednesday. For instance, Chicago White Sox fans get 50 percent off after a White Sox win with a special Papa John's coupon code.