Posted on 11/16/2012 6:59:39 PM PST by 2ndDivisionVet
Papa John's CEO John Schnatter is going to cut his workers' hours, lay off workers, and increase the price of his pizzas by 11 to 14 cents. Why? Because the president was re-elected. More specifically, due to Obamacare. And he is not alone. Walmart is cutting hours, as is Denny's, and some other larger franchises like Red Lobster, Olive Garden, etc.
As with the companies mentioned above, those on the right want to blame the president, Democrats, Obamacare, etc.—yet they had layoffs or planned them as far back as 2009 and 2010. Were they all clairvoyant? Did they all know the president would be re-elected? And what if Mitt Romney had been elected? With more Democrats in the House and Senate, would the "repeal and replace" idea of Obamacare have succeeded? I think not.
What these companies and their owners are missing is personal responsibility.
As the owner of two small businesses, when times were tough, I took a paycut—I did not reduce my employees' hours or their wages. How many zeros is in CEO John Schnatter's paycheck? Or that of the Walmart CEO? This is a company that even during the recession posted profits.
In California, the state I live in, businesses are required to pay for 50 percent of their employees' health benefits if the company has a group healthcare plan in place. This was long before Obamacare, long before the president was elected the first time around. And California's not alone—other states have similar things in place...
(Excerpt) Read more at usnews.com ...
And they still don’t see how Russians ended up standing in line for hours at empty supermarkets.
My uncle did this once along with getting a few of his long term employees to take a cut and it still only helped them scrape by for another month or so.
The left really believes all CEOs have vast vaults filled with trillions of dollars.
Are they suggesting that the CEO makes a dime off of every pizza sold?
There aren't enough rich people in the country -- we could take absolutely everything from the rich people, and it still wouldn't balance the books. Punishing the rich is not a solution.
Limiting the stupid spending is the only way to salvage anything. What Papa John's is doing is limiting the spending, by cutting his workforce -- and he's taking a balanced approach too because he's increasing revenue by raising prices. But that's not good enough for Liberals. Noooooooooooooo! They just want to raid his bank account. Just because.
I’m still shaken my head after reading the article. The author may be a complete moron. What will he say when the other pizza companies announce that they too are lowering hours and raising prices?
She is an idiot....typical leftie who lives in Mexi-fornia. She has NO clue as to whether the CEO has taken a pay cut because she offers NO hard data. She gives NO clue as to what type of businesses she ‘runs’. And she gives NO hard data as to how she cut her wages to pay her employees.
It is one thing if you run a business with less than 50 folks to impact employees by having executives take a pay cut. It is quite another when you run a national business with thousands of employees...The woman shows an entire lack of accounting and management principles
Nonsense. Schnatter does not avoid taking responsibility and, beyond that, gives back to his community.
Oh, the Huge Manatee.
An idiotic statement.
“Comments?”
Just one: Liberals are incoherent idiots who couldn’t lead ants to a picnic, let alone run the country.
I wish they’d go back to North Korea. I really do.
Talk is cheap.....how do we know what you did?
They will. Olive Garden, Red Lobster, Kroger etc will be joined by almost all retail-level outlets.
The answer is ALWAYS "keep the money flowing to US", vs. the working/investors should give up their returns. It's ALWAYS about what they can get from others, and NEVER that they push too far and ask too much. That's how they priced themselves out of the market, forced importing of Illegals to work for less money, AND, why businesses that CAN, move their facilities out of the USA.....Extort via Unions, then tax them up the ass, to fund the Unions' Pensions and Benefits when the company goes belly up, or the business shuts down.
Any business that does not extract every penny in profits this year is going to end up in a jam when taxes are increased in January.
No wonder that companies are liquidating assets and laying off employees. Next year is not going to be so easy on them in the tax arena.
“In California, the state I live in, businesses are required to pay for 50 percent of their employees’ health benefits if the company has a group healthcare plan in place.”
What a great model for success. What’s next, Greece as an example of what to emulate?
Does that stupid bitch not think Papa John went through some tough times in the early days too? What an idiot. He can afford now to do what he wants - and good for him.
Putting aside the question of who is she to tell someone else how to run his own business, the author does not say how many people she actually employed. If it were only her, her friend, and her pet poodle, maybe an executive pay cut would work.
But Papa John's has over 4000 locations. So it must have tens of thousands of employees. A small business model would not work here.
They sure do! That's how the government model operates, so it must be true.
(Funny how they never demand that Uncle Sam go on a diet.)
“She gives NO clue as to what type of businesses she ‘runs’. And she gives NO hard data as to how she cut her wages to pay her employees.”
That’s alright with me. We are a partnership in a production company in Hollywood and we fired our resident obama-voting liberal because we can provide the math too that this puke needed to go.
I’m betting that NO ONE here knows what John’s pay is. He owns a company that makes lots of money and employs a lot of people but as far as his take home pay goes, who knows. and what he does with his take home pay is none of your business or mine. they may know what his assets are and what millions are involved in his yearly running of the company but what he takes home .... I don’t think so.
Leslie Marshall, the author, is occasionally brought on Fox as a voice for the left. She is dogmatic and I never got the impression she is terribly bright, just opinionated. And vocal.
Funny thing about Schattner is that he made comments in a forum that his “franchisees would probably” reduce hours. Not that HE would. I believe MOST Papa Johns are franchised.
Just like they believe that 0bama has an infinite stash of money.
No, she doesn’t. Money falls from the sky unto whitey’s lap.
And they still don’t see how Russians ended up standing in line for hours at empty supermarkets.
Government officials had supermarkets as good ,maybe better than ours
I guess it wasn't a joke after all.
-PJ
Such an endorsement, seeing as how Kalipornia has twice the poverty of West Virginia.
Math is hard....
Leslie Marshall is the dim-witted lib talk show host who appears occasionally on FNC. Like many progressives, she claims to have owned or run small businesses. So, Ms. Marshall, give us details. Give us the name of your company, it’s location and how many employees are on the payroll. And BTW, if you’re talking about your maid and personal assistant, that really doesn’t count, since their only contribution is seeing after your needs.
John Schnatter started Pappa John’s after his father died, in the back of a tavern in Louisville. He sold his Camaro to get his shop running. Gee, Leslie, I wonder how many pay checks he missed when his shop was struggling. And now that he’s achieved an impressive level of success (after three decades of hard work), he’s supposed to absorb government-imposed costs out of his own pocket.
By Mr. Schnatter’s estimate, the impact of Obama Care is about $.15 a pizza. So, his added costs on those two million free pizzas he’s giving away is $300,000. Multiply that “per pie” cost by the total number of pizzas sold by the chain and it’s readily clear: corporations won’t pay for that sort of “assistance” out of their own pockets.
At least Papa John’s hasn’t threatened to lay anyone off (yet). I’m guessing reduced hours sounds pretty good right now to the 18,000 workers at Hostess that lost their jobs today.
Get in your wayback machine and return to the early 1990s when Hilary and Bill Clinton were pushing HilaryCare. There was a public conversation between Hilary and a Pizza businessman. When she was told that her health care proposal would bankrupt the man's business she supposedly responded all he, the businessman, had to do was raise his prices to cover his costs. The look on her face when she was told that people wouldn't buy the higher priced pizzas was priceless.
I will give her some credit though, she at least knew who was going to pay all the increased costs caused by HilaryCare. Too bad she didn't also know that every item and service has a price point beyond which no consumer will pay.
“I’m betting that NO ONE here knows what John’s pay is.”
Basic Compensation
Total Annual Compensation, USD Long-Term Incentive Plans, USD All Other, USD Fiscal Year Total, USD
1,364,060 — 981,208 2,745,220
Options Compensation
Quantity Market Value
Excercisable 470,000 7,564,480.00
Unexercisable 75,000 900,000.00
Excercised 690 —
Explains why they cannot balance their checkbooks. Math is too difficult for them. The CEO salary is just a tiny percentage of the companies costs. The larger the company, the smaller the percentage.
Can't help if she is that stupid, but she can't prove to us that she did anything she said. Talk is Cheap.
If she likes paying 50%, I'm sure she would ecstatic paying 75%.
voting O makes the math easy as far as I can tell ;)
Hey Leslie....you moron. Running a small biz is NOTHING like running a large, multi-national, let alone PUBLIC corporation that answers to a Board of Directors and The Street.
Liberals are all alike. They’re just so go***mned holier-than-thou, yet zip for experience. I just want to line ‘em all up and bitch-slap the lot of ‘em....pissing on their shoes as I do.
Sure does. With Obama’s policies and demagoguery, we’re seeing Huey Long for the 21st Century.
But of course. Don't be ridiculous.
He also claimed he could pay more in taxes - then fine, do it - there is no rule that Gates or Buffet HAVE to claim deductions on their tax return - they do it because their team of CPA's tells them to do so. Asswipes - I hope they get hit hard with bammers new taxes.
Haha - I love that - I can’t imagine working with a liberal so I think you made the right choice!
As an aside I wanted to mention that I personally visited some of these Russian "supermarkets" back in 1991 and 1993. Any 7-Eleven store made them pale by comparison. They were pathetic.
This is called contingency planning. Anyone with any sense who owns a business does it.
What if?
If A, then B or C. If not, some other course of action. If you wait until you have the problem without anticipating it and having a 'Plan B' in place to deal with it, you can go out of business fast. You cross train people to fill in for key personnel in case of illness or accident, you have backup equipment or supplies, you back up computer files, not because you want a disaster, but because you want to survive one.
And one other thing I noticed, the article is heavy on the 'eeevil owner meme', but the writer never claims to KNOW what the owner makes. Which makes this speculation, plain and simple. It also falls in with the whole socialist meme of 'so what if you own it, (you built it?) you're making too much.'
Great. Enjoy the 900 bucks, and enjoy having no job whatsoever after you get it.
Didn't some leftist come up to John Rockefeller and ask why he doesn't "share" his wealth with his workers?
IIRC, Rockefeller wrote out a "check" for something like $2, and said: "That's what you'll get if everything was divided up equally"
Comments?
Yes Plenty!
1. Leslie Marshall is a liberal. That alone explains her stance
2. Leslie Marshall has never owned a business or run a business.
3. Mr Schattner could not take any salary at all and it would not stop the harmful effects on business that Obamacare causes.......
4. Points 1,2 and 3 basically make Ms Marshall liberal moron..
My math may be off. It might be $90 per year.
yup... and just like Obama they aren’t very good at math (basic arithmetic)
The same thing is floating around about this Twinkie business. The Left is trying to say the CEO got a 300% pay increase and that’s why it went up. But when I looked into it, it’s the talking points from the Union. I’d like to know where they’re getting this.
Yeah cuz like the people running it actually know what they are doing instead of taking business advice from a douche-bag libtard author.
"What is the Federal Reserve?"
I'll take Obvious answers for 200 next Alex...
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