A few weeks back, shares in Papa John's fell 13% after an earnings report showed that the company was losing customers. The fall in value resulted in CEO John Schnatter losing $70 million of his personal net worth within just 24 hours of the report, according to Bloomberg.
In a call with investors after the report was published, Schnatter blamed the fall on the NFL for not cracking down on players who are taking part in the 'take a knee' protests to highlight social injustices.
"We are totally disappointed that the NFL and its leadership did not resolve the ongoing situation to the satisfaction of all parties long ago," Schnatter told investors. "This should have been nipped in the bud a year and a half ago."