Papa John’s Inventory Up After Shaq Joins Firm Board

Shaquille O’Neal is becoming a member of the board of Papa John’s, the pizza chain introduced in the present day. He’s additionally investing in 9 eating places within the Atlanta space. So far, the transfer has been met with optimism from traders — shares of the corporate are up over four% up to now in the present day as of 10 am ET; in accordance with CNBC, they’d been down over 17% over the previous 12 months.

From the skin, this looks like a win for everybody concerned. As was detailed on HBO’s Actual Sports activities final 12 months, Shaq has constructed a enterprise empire in his post-playing profession. He’s likable, and Papa John’s has been in want of a picture rehab since its founder, John Schnatter, used the n-word in a convention name; he resigned as chairman final 12 months. Final month, he was faraway from the corporate’s board.

One imagines we’ll search for at our TV sooner or later — soccer season maybe? — and see Shaq pitching the pizza.

Source link

Related Articles