If I ever was tempted to eat a Papa John’s pizza,1 asshole CEO John Schnatter has convinced me to forgo the temptation.
John Schnatter, chief executive of the pizza chain, is bashing President Obama’s healthcare reform law as a policy that will force the company to choose between its customers and its investors.
And if the Patient Protection and Affordable Care Act rolls out as planned in 2014, Schnatter’s strategy is “of course … to pass that cost on the consumer in order to protect our shareholders’ best interest,” he said in a recent conference call.
Schnatter estimates that the legislation will cost Papa John’s about 11 cents to 14 cents per pizza, which equates to 15 cents to 20 cents per order. An average delivery charge runs $1.75 to $2.50.
“We’re not supportive of Obamacare like most businesses in our industry but our business model and unit economics are about as ideal as you can get for a food company to absorb Obamacare,” Schnatter said. “Ergo, we have a high ticket average with extremely high frequency of order counts, millions of pizzas per year.”
(click here to continue reading Papa John’s to raise pizza prices if ‘Obamacare’ survives: CEO – latimes.com.)
15¢ more, and health insurance for the people who make the damn cardboard-tasting pizza? Doesn’t seem like that big a burden to me. Especially in light of:
Net income for the second quarter, which ended June 24, rose 22.3% to $14.8 million, or 61 cents a share, from $12.1 million, or 47 cents a share a year earlier. Same-store sales soared 5.7% in North America.
Jerks like John Schnatter are what is wrong with America these days: no concern for anyone or anything besides the corporate quarterly profit. No wonder he’s a Mitt Romney zombie…
Unsurprisingly, Papa John’s chief is a big fan of Mitt Romney. Schnatter recently even hosted a private fundraiser for the Republican presidential candidate at his mansion in Anchorage, Ky.
I’ve worked in many places that didn’t provide healthcare for employees, luckily I was young, and um, lucky, not to need it. The food industry is built upon the backs of underpaid workers, who become disposable if ill, or injured.Footnotes:
- I never have in the past [↩]