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 ...
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!
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