Papa John's is hoping to bring back founder John Schnatter, CEO Steve Ritchie told CNBC on Tuesday.
Schnatter resigned as chairman in July 2018 after he used a racial slur on a media training conference call.
On Monday, the company announced a $200 million investment from a hedge fund. Schnatter presented a competing plan to Papa John’s board on Saturday after learning about the proposal, but the company rejected it.
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Papa John's is hoping to bring back founder...