Papa John Schnatter Sells Millions In Stock

A Papa John's International Inc. Location Ahead Of Earnings Figures

(Louisville, KY) - John Schnatter now owns less of the company he founded.

The former chief of Papa John's sold $157 million in company stock this week.

The sale reduces his investment in the company to 19 percent. 

Schnatter and his wife, as well as a foundation they established, still own nearly $290 million worth of Papa John's stock.

Photo Credit: Bloomberg

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