Papa John's founder John Schnatter at the 2011 American Music Awards in Los Angeles. (Photo by JB Lacroix/WireImage) WireImageThe fight for control of Papa John’s may finally be ending. In the wake of that controversy, Papa John’s shares tumbled, and the company spent months looking to secure a buyout. Starboard’s CEO, Jeffrey Smith, became Papa John’s chairman as part of the deal. Correction: an earlier version of this story incorrectly stated that Papa John's will remove a "poison pill" shareholder plan.

Source: Forbes March 05, 2019 14:37 UTC