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?
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?
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.
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.
I guess it wasn't a joke after all.
-PJ
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.
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.