In the latest attempt to try to repair the franchise’s broken image, Papa John’s has turned to former NBA all-star, Shaquille O’neal. Papa John’s took a major hit when leaked recordings of founder and former CEO John Schattner making racist remarks surfaced. Papa John’s has made multiple moves in an attempt to save the struggling pizza chain after it’s stock price took a major blow. Including removing the founder’s face from it’s pizza boxes and other marketing materials and a shitload of commercials attempting to show that the company employed people of every race. Neither really seemed to be helping the company in a major way, but bringing Shaq into the company may be a different story.
CNBC reported, Big Shaq will become the board’s first African-American director. Shaq also grabbed an investment in 9 Papa John’s franchises in the Atlanta area. Shaq also pulled an Oprah when he signed a deal to become the company’s brand ambassador. Shaq will receive $8.25 million for that part of the deal, but just like Oprah, Shaq got half of the $8 milli in company stocks. It’s a gamble, but if something like this pays off, it can pay off BIG. If you don’t believe me ask Oprah Winfrey. She came up like a fat-cat when she took half of her endorsement money from Weight Watchers in company stock. When the stock price made a huge jump, so did Ms. Oprah’s pockets. She cashed out some of that stock and walked away with double digit millions. Much more than she would’ve received had she taken all cash at the time she signed the endorsement deal. If this happens, it will probably be years before the stock price takes such a huge climb, but as long as the company doesn’t go out of business, those stock options are like having money in the bank. As I write this, Papa John’s stock price currently sits at $48.79, up about 4% from this time yesterday. Papa John’s was looking for a way to show some diversity within the company. It cost them some money to get Big Shaq on the team, but I believe Shaq will be well worth the price of admission. People love Shaq. The little jump in the stock price after the company announced the news that they were bringing Shaq onboard showed that. Papa John’s hasn’t even started rolling out the inevitable pizza commercials with Shaq either. Around the time that happens, is when I believe Papa John’s stock will see a jump that will take them above $55/share. That, and come up with some new way of making their pizza or something. Because from looking at my personal Twitter feed, about 90% of people who’ve tried Papa John’s says the pizza is trash. I don’t know, I’ve never had Papa John’s. Have you? Is it trash or is Twitter just overreacting again?
Are you ready? Doesn’t matter if you are or not….it’s coming! The final installment of the Avengers’ movies is almost here. Avengers Endgame is coming to theaters April 26th. I still don’t see how what’s left of the superheroes are going to defeat the almighty Thanos….but I can’t wait to find out! Here’s the first trailer from the upcoming finale.
Video courtesy: Trailer City/Youtube
Somebody….or some people are really pissed off this morning. You would be too if you’d just lost more than 1180 POUNDS (450 kilos) of cocaine with an alleged wholesale street value of 27,000 per kilo.
According to 6abc action news the cocaine was seized from a cargo container that was resting on a shipped docked at the Port Of Philadelphia. Federal agents allegedly found the drugs inside of 13 large duffel bags inside the container. Federal officials estimated the value of the drugs to be around $38 million. Cops and FEDS tend to announce the retail value of seized drugs when they do these type of huge seizures. I guess it adds drama to the seizure. Bigger numbers make for a better story? I don’t know…all I know is that 450 kilos at a wholesale price of $27,000 per, is closer to a grand total of around $12 million. Math has never been my strong suit…so what the hell do I know? Anyway, the ship that the drugs were recovered from originated in Guatemala and made a stop in the Bahamas before docking in the U.S. It will likely be very hard to nail down the exact place where the drugs were loaded onto the ship. So, that’s one less thing the owner of this cocaine will have to worry about, but that peace of mind still doesn’t replace his seized cocaine.
The New England Patriots long-time owner will reportedly turn down the plea deal offered to him by prosecutors in Florida. Kraft, along with 24 (mostly unnamed) other co-defendants are accused of crimes related to an investigation and eventual raid at The Orchids Of Asia day spa in Jupiter Florida. The spa has been reportedly connected to a human trafficking ring. As for Kraft himself, the six time Super Bowl champion owner, has been charged with two counts of solicitation. Kraft allegedly visited the spa to grab himself a few cheap handy dandy’s……on two occasions. One of Kraft’s visits allegedly took place on the morning his team was set to compete in the AFC championship game.
CNN (@cnn) reported that prosecutors had offered to drop the misdemeanor charges against Kraft in exchange for fines, community service, and an admission that he would’ve been found guilty of the charges had he went to trial. If you really think about it, it’s not really surprising that Kraft turned down the deal. What’s the upside here for a billionaire? None! Kraft’s charges only carry a 60-day sentence in county jail if convicted. Even if he was convicted, he likely wouldn’t receive a jail sentence at all. (first time offender charged with a small misdemeanor) More important than that is Kraft’s image and potential punishment from the NFL. Even though prosecutors allege they have him on camera receiving a hand job, I doubt that Kraft won’t fight this charge endlessly. I could be wrong, I doubt it though. Billionaires are usually much too arrogant to think that laws for regular folks apply to them. Guess we’ll just have to wait and see. Kraft is scheduled to be arraigned on the solicitation charges on March 28. My guess is that somewhere along the way these charges against Kraft will be very quietly dismissed.