If you thought that John Schnatter, the founder and former CEO Papa John's Pizza, was going to leave his business without a fight, you don't know John. Schnatter has filed suit against the pizza chain on Thursday (July 26) as part of what seems to be a larger mission to clear his name, and prove that he was wrongfully forced out of the company after Forbes reported that he used the n-word during a media training session.
Schnatter is suing to recover business and financial records. He chose the legal route, “because of the unexplained and heavy-handed way in which the company has treated him since the publication of a story that falsely accused him of using a racial slur.”
In the lawsuit, filed in a Delaware court, Schnatter repeatedly denies using the racial slur (despite issuing a public apology two weeks ago), and attacked Papa John’s for the way the incident was handled. “Instead of standing behind the founder and working with the news media to explain what actually occurred, the company followed its usual, and flawed, manner of dealing with false and mistaken reporting.”
Schnatter, who still owns a reported $510 million stake in the company, reportedly uttered the slur during a conference call in May. Forbes retroactively reported the comments in a story published on July 11. A special committee of board members ousted Schnatter as board chairman hours later, and promptly evicted him from company headquarters.
Since the committee was formed three hours before the decision, Schnatter’s lawsuit questions whether or not board members have been “grossly negligent or are acting in bad faith, or both.”
Papa John’s responded to the lawsuit in a statement expressing sadness and disappointment, before calling the legal filing a “needless and wasteful” attempt by Schnatter to “distract from his own words and actions.” The company added that Schnatter will receive “all of the materials that he is entitled to as a director.”
Shares of Facebook fell 19 percent on Thursday, a day after the world’s largest social media company disclosed that its quarterly revenue did not live up to expectations and that its user metrics grew slower than some on Wall Street had predicted.
The dollar value of the loss was the largest ever by a publicly traded company in the U.S.
Facebook stock had recovered from a decline earlier this year in the wake of the Cambridge Analytica scandal, one of several controversies and warning signs that the company had managed to weather with little damage to its stock. But declining revenue and user growth, topped by a warning from executives that it will continue, seemed to end that run.
Facebook CEO Mark Zuckerberg’s net worth plummeted more than $15 billion with the stock dive, although it’s still around $67 billion, according to Forbes’ real-time net worth tracker.
Let's be honest, most of us don't want to work. We work because we have needs and bills to pay and kids to feed. The most the majority of us can only ask for is a job we enjoy. Well the folks at Indeed.com wanted to make the search for the ideal job easier by releasing their list of the 50 top rated companies in America.
For 2018, Facebook earned the title of best-rated workplace, which is a bit confounding considering the exceedingly bumpy year its had, but hey, apparently people really love working there. Coming in at number two is Southwest Airlines, and number three went to Salesforce. If you're curious what else made the cut, here's how the top 50 shake out.
50. John Deere
49. Synchrony Financial
48. National Oilwell Varco
47. General Motors
46. MGM Resorts International
43. Freeport McMoRan
41. American Express
38. Booz Allen Hamilton
36. Northrup Grumman
34. Nationwide Mutual Insurance Company
33. Fluor Corp.
32. Lockheed Martin
31. American Airlines
30. Discover Financial Services
29. DTE Energy
27. Charles Schwab
25. Capital One
22. Edward Jones
20. Pfizer, Inc.
16. Estee Lauder
15. eBay Inc.
13. Live Nation
12. Eli Lilly
9. Bristol-Myers Squibb
8. JetBlue Airways
7. Johnson & Johnson
6. Fannie Mae
5. Costco Wholesale
2. Southwest Airlines
Pusha T will soon allow music lovers everywhere to vote yay or nay for their hip-hop songs on an upcoming app called heir. The G.O.O.D. Music head honcho partnered up with Silicon Valley entrepreneur Summer Watson on the announcement and new venture.
The app is now allowing early access for a select number of applicants. Approved users will be allowed to vote up or down on tracks. Users who thrive on choosing what’s popular by demand are eligible to win digital currency called a Crown. Yet if you vote negatively on a popular track from a burgeoning new artist you risk losing a Crown.
Heir is primarily designed to give fans access to music industry insiders and artists respectively. It allows the general public to have some sort of participation and stake at some of their favorite artists. It’s like having stock at a record label, where everyone has a say.
Will you be voting for the next Crown? You can apply for early access here.
Kylie Jenner is rich, like very rich. In fact, Jenner was just on the cover of Forbes magazine where they say she will become the world's youngest billionaire in the near future. She is currently worth over $900 million, but according to some of her fans, she needs help getting that last $100 million. So they created a GoFundMe to help the Kylie out. Seriously!
On Twitter, multiple people joked that they intended to help raise the additional $100 million that would make Jenner the world's youngest billionaire. Now, the joke has been realized. A GoFundMe campaign has been created in Jenner's honor by Josh Ostrovsky, an Instagram celebrity (whatever that means) who goes by the nickname "The Fat Jew." So far, $2,116 has been raised on her behalf.
The campaign description reads: "I don't want to live in a world where Kylie Jenner doesn't have a billion dollars. We must raise 100 million dollars to help her get to a billion, please spread the word, this is extremely important."
While most people are donating about $5, one person gave $100. However, if the campaign goal isn't realized, people won't actually be spending any money on it — for now, it's only an act of internet satire, hopefully.
You can check out the GoFundMe campaign or waste money donating to it below.
Mary J. Blige is expanding her repertoire and she is doing so with her best friend, Simone I. Smith. Together, they are launching a new jewelry line appropriately named Sister Love.
Blige and Smith, who is also LL Cool J’s wife, released their debut accessory, the “Queen Hoops Earrings,” at the 2018 Essence Festival this past weekend. The earring were a huge hit, selling out rather quickly. There are still a limited amount available for purchase at SisterLoveMJB.com and they retail for $199.
“What made me want to work with Simone is she already created an amazingly successful jewelry line and all the pieces are things that I love, and she also has an amazing fashion sense,” Blige said in a statement. “I wanted to add to that by sharing some of my fashion sense with her and creating some things I dream about and I know other women are dreaming about.”
With Sister Love, Smith and Blige want to spread a message of positivity and empowerment. “We are working together with this collaboration to celebrate our friendship and successes and empower others from our strength of supporting each other.”
The next time you get an iced drink from Starbucks you may notice something quite different. The coffee giant will be phasing out plastic straws in all of it's more than 28,000 locations around the world. They will replace the straws with a cup that may remind some of their childhood, like very early childhood.
They are introducing adult Sippy Cups.
Starbucks isn't officially calling their new sippy cups of course. In reality, they just redesigned the lid for their ice drink cups. The lid is now designed with a raised spout for sipping. The lid is also 100% recyclable unlike the old straws.
Joining a growing horde of brands, chains, and entire cities that have eliminated or banned plastic straws in an effort to cut down on plastic pollution in the ocean, Starbucks announced on Monday that it will be phasing them out entirely from all locations by 2020. They will still have straws available for their Frappuccinos and to anyone who requests one, but they will be made out of alternative materials like paper and compostable plastic.
Starbucks also announced on Monday that it's permanently adding two new cold beverages to its menu: a Salted Cream Cold Foam Cold Brew (cold brew with a hint of caramel and topped with salted cream Cold Foam) and an Iced Vanilla Bean Coconutmilk Latte (vanilla bean and Coconutmilk shaken with ice with espresso poured on top).
The phasing out will begin starting this fall in Seattle and Vancouver, and eventually expand to other markets.
The next time you board a Southwest Airlines flight, you may notice that something is missing. The discount airline is ditching their complementary tiny bags of peanuts.
Peanuts won’t be available on any flights starting Aug. 1 because of concerns about allergies. Free pretzels will continue to be offered, while additional snacks such as small packs of cookies or chips will be available on longer flights, Southwest said.
While the change is understandable as peanuts do pose a health risk to some passengers, it won't be an easy one. Peanuts have always been a major part of Southwest's identity. The carrier often describes its ticket prices as “peanuts” and its employee blog is titled “Nuts About Southwest.”
Southwest isn't the only airline that is peanut free. Both American Airlines and United/Continental have peanut free flights.
Costco is cutting one of customers' favorite options from the menu in its food courts.
The retailer is taking the Polish hot dog off the menu to make way for new items, The Seattle Times reports. Locations will be deeply discounting the Polish dog in an effort to make room for new, healthy menu items such as açai fruit bowls and organic burgers.
Costco is well-known for its inexpensive but surprisingly tasty food court. However, when the retailer makes adjustments to the menu, there is bound to be backlash.
Customers are not pleased with the fact that the Polish hot dog — a variation on Costco's wildly popular classic hot dog, which will remain on the menu — will no longer be available.
Applications are now available for Chicago’s summer jobs program.
There are more than 30,000 jobs and internships available through the One Summer Chicago initiative.
The program helps young people ages 14 to 24 gain valuable work experience.
Opportunities range from infrastructure jobs and camp counselors to urban agriculture and office positions.
The program will run from July 2 through August 10.
For more information check out the website – http://www.onesummerchicago.org