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How many Papa John pizzas do progressives eat, anyway? How much is our stamping our feet and boycotting Papa John's going to hurt Papa John's? My guess is not a lot.

So whom are we directing our ire at? Franchisees, who almost certainly have fewer than fifty employees each, unless they "own" multiple stores. Causing a loss of profits for individual franchisees should not be our goal. IMHO, we need to persuade [obscenity redacted] Papa John's CEO John Schnatter of the error of his loudmouth, anti-worker ways.And this goes for the Darden (Red Lobster/Olive Garden/etc.) "people" as well.

I don't eat any Papa John's or Domino or Pizza Hut; I live at the Center of the Universe, where we have real Italian food and great (wonderful, amazing!) pizza. Really, Wolfgang Puck is a piker. So my "boycott" is pointless. But what I can do is sell my stocks (of which I have none) and create and sign petitions. Petitions urging divestment from Papa John. Hey, I'm not saying it will work, but it didn't hurt ending apartheid in South Africa. Incidentally, this wasn't my idea, I credit a comment from quaoar.

How do we take action?
Follow me below the branding iron design I hope someday to have the money to commission.

I will be the first to admit that Divestment in South Africa was only a small part in the ending of apartheid. But it certainly didn't hurt. Also, we can't treat a corporation as a country, since corporations are only people. ("Corporations are people, my friend!") And the way to get the attention of a corporate mule is with a 2x4, otherwise known as his wallet.

There are two paths that I know of to the wallet of [obscene Rand-ite expletives] John Schnatter. One is by having his franchisees start hollering, "Shut up you [obscene gerund] you're costing us money!" The second is by making his stock price tank. The latter is where we may, and I stress may be able to make a difference.

I am a citizen of San Francisco. Okay, I have been reduced to living in the suburbs of late, but I am still a California resident, and as such, many of my neighbors, friends, customers and folks I bump into belong to CalPERS.

As of December 2008, CalPERS managed the largest public pension fund in the United States with $179.2 billion in assets; however, that represented a 31% decrease from the peak value of its assets of $260.6 billion in October 2007.[4] CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect"
 And wouldn't you know it, they have a contact page.

Here is my first petition to CalPERS, please sign it and cross post this or anything you need to anywhere. Anyone from Richard Trumka's band of merry men/women following this, let me paraphrase Abby Hoffman: Steal This Diary!
We have the right to petition government for redress of grievances of which I believe CalPERS  is one. If I'm wrong, too bad, they get the petition.  But what does this mean to you? Do you have a 401(k) left? Do you have an investment portfolio? Sell, sell, sell! Why? Well, it's not as if the stock is doing badly;

July 31, 2012
Papa John's Announces Second Quarter 2012 Results
EPS Increased 29.8% on Strong Comparable Sales of 5.7% for North America and 6.1% for International

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Papa John's International, Inc. (NASDAQ: PZZA) today announced financial results for the three and six months ended June 24, 2012.

Second quarter earnings per diluted share of $0.61 in 2012, or an increase of 29.8% over earnings per diluted share of $0.47 in 2011.

"We had an outstanding second quarter as our system continued its strong sales momentum with significant comparable sales increases for our North American and International operations," said Papa John's founder, chairman, and chief executive officer, John Schnatter. "We continue to win with consumers, as we recently were recognized with Brand of the Year honors in the Pizza Chain Category of the 2012 Harris Poll EquiTrend Study, and we achieved the highest rating ever by an individual brand in the Limited Service Restaurant Category of the 2012 American Customer Satisfaction Index (ACSI)."

But $0.14 cents more per [indigestible insult] pie? No Way! Who cares that your pizza may be made by someone who can't afford antibiotics...wait, what?

I've been using Papa John's John Schnatter as an example, but there's still Darden, etc. Here are some quick numbers I've found at CalPERS site from the CalPERS 2011 annual investment report (pdf).

Company                               shares        book value         market value
PAPA JOHN S INTL INC              65,585       1,053,296          2,181,357

DARDEN RESTAURANTS INC       345,082      10,416,620       17,171,280

MURRAY + ROBERTS HOLDINGS  2 ,682,789   17,888,458       11,872,499

LOWE S COS INC                    3,701,936    34,049,307       86,292,128

Anyway, these are the Big Four that have been hitting the blogs, I haven't been through CalPERS for others but this might be a place to start.

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Comment Preferences

  •  By the way, anyone know if Chik-fil-a has stock? (2+ / 0-)
    Recommended by:
    DRo, dennis1958

    I don't feel we did wrong in taking this great country away from them. There were great numbers of people who needed new land, and the Indians were selfishly trying to keep it for themselves. -John Wayne (-9.00,-8.86)

    by Jonathan Hoag on Mon Nov 12, 2012 at 09:31:02 PM PST

  •  Isn't he "giving away" 1 million pizzas or (1+ / 0-)
    Recommended by:

    For pressuring the guy, perhaps a polite letter pointing out that you will not only divest (check the holdings of your mutual funds also; you may wish to let them know you are unhappy if they invest with this guy) and will also encourage family and associates to also divest.

    If you live in a blue area, maybe do it as a LTE and also suggest to your local editors that there may be a story here for them.

    He will laugh off a few such letters but let the DJIA start punishing him and he may see the error of his ways

  •  papa john only holds 30% of the stock (2+ / 0-)
    Recommended by:
    Jonathan Hoag, gramofsam1

    if they take a financial hit, maybe the 70% will force a change.

    publicly traded company...should be easy to single out board members and make sure they understand the concerns.

    I don't eat much pizza but when I do, I support local places none of the chain crap.

    mittens=edsel. no matter how much money is spent to promote it, if the product sucks, no one will buy it.

    by wewantthetruth on Tue Nov 13, 2012 at 05:52:01 AM PST

  •  The Democratic Party invested in Papa John's... (3+ / 0-)

    when the Tampa OFA office bought a load of Papa John's pizza for the election watch party.  A lot of us were furious and refused to eat it.

    Chick-fil-A keeps getting left off the list of restaurants that Democrats should boycott.  This tells me that Democrats STILL don't value their gay constituency as much as others.

    •  SWait, there's an official Democratic list? (0+ / 0-)

      This is like the gay agenda! Why wasn't I told?

      I don't feel we did wrong in taking this great country away from them. There were great numbers of people who needed new land, and the Indians were selfishly trying to keep it for themselves. -John Wayne (-9.00,-8.86)

      by Jonathan Hoag on Tue Nov 13, 2012 at 07:17:44 AM PST

      [ Parent ]

  •  I stopped eating their a long time ago. (0+ / 0-)

    And I only sporadically ate at Chick-fil-A as an adult, although I'd been a big fan in the 80s.  You've hit upon the prime problem with liberal boycotts of various places run by RW nutjobs - most of us have already found out in past, and started our own individual boycotts long before any organized boycott effort is begun.

  •  Just as with Chik Fil A (1+ / 0-)
    Recommended by:

    you have to let the franchise holders in your town know why you are planning to boycott so they in turn can pressure corporate HQ for a reversal of the policy.  The franchise holders are ALSO getting away with working employees but shoving their health care needs onto the public - ACA means this has to stop and of course some people are pushing back - it will cut their profits to give basic benefits to their employees.  Too fucking bad, says I.  

    Still enjoying my stimulus package.

    by Kevvboy on Tue Nov 13, 2012 at 06:15:26 AM PST

    •  Bingo (1+ / 0-)
      Recommended by:

      I agree with the divest approach of the diarist but I also think the left is way too quick to dismiss boycotts as a tactic. Boycotts work, particularly if you write the company and (where appropriate) franchise holder what you are doing and why. I grew up with the Cesar Chavez grape boycott, the Coors boycott, the tuna boycott. All had an impact. And the anti-Apartheid movement pushed boycott as well as divestment.

      Personally I use the Green America Responsible Shopper site as a guideline for what I buy and what I invest in whenever I can. It isn't always possible, but I do my best. I also recommend Green America's Green Pages to find green local businesses in your area.

      FREEDOM ISN'T FREE: That's why we pay taxes. I Had A Thought

      by mole333 on Tue Nov 13, 2012 at 06:39:03 AM PST

      [ Parent ]

  •  I own some Papa John shares (2+ / 0-)
    Recommended by:
    DRo, Jonathan Hoag

    My son used to work there 10 years ago and it seemed like a decent company at the time. It has been my most profitable stock holding over time. I plan on donating the shares to Planned Parenthood so they can sell the shares and get money from the dickwad. And. . . I get a charitable donation. Win/Win.

    You fell victim to one of the classic blunders, the most famous of which is "Never get involved in a land war in Asia".

    by yellowdog on Tue Nov 13, 2012 at 06:40:05 AM PST

  •  oligarchy hates pensions. (0+ / 0-)

    CalPERS managed the largest public pension fund in the United States
    Side issue: that is why US Chamber of Commerce and the rest of the oligarchy want to kill pensions. Pension funds are  somewhat member controlled (unlike retirement funds) and are  too uppity.

    -- the people are the leaders

    by in on Wed Nov 14, 2012 at 11:59:36 AM PST

  •  that pinko! (0+ / 0-)

    John Schnatter
    that's the guy in tv ads whose face is the color of raspberry yogurt?

    -- the people are the leaders

    by in on Wed Nov 14, 2012 at 12:02:53 PM PST

  •  you're costing us money (0+ / 0-)

    One is by having his franchisees start hollering, "Shut up you [obscene gerund] you're costing us money!"

    Negligence suit, ouch but unlikely. Even toward end of contract period, franchisees are not rebellious. Also less damages possible toward end of contract period.

    Royalty fee, ouch.

    The franchisor's contractual obligation is to promote, not denigrate, the restaurants to the public.
    Franchisees may have valid claim of negligence.
    Negligence forms a common basis for civil litigation, with plaintiffs suing for damages based on a variety of injuries, from physical or property damage to business errors and miscalculations. The injured party (plaintiff) must prove: 1) that the allegedly negligent defendant had a duty to the injured party or to the general public, 2) that the defendant's action (or failure to act) was not what a reasonably prudent person would have done, and 3) that the damages were directly ("proximately") caused by the negligence. An added factor in the formula for determining negligence is whether the damages were "reasonably foreseeable" at the time of the alleged carelessness. (See also: contributory negligence, comparative negligence, foreseeable risk, damages, negligence per se, gross negligence, family purpose doctrine, joint tortfeasors, tortfeasor, tort, liability, res ipsa loquitur)

    I didn't find a papajohns sales page, but maybe this is correct.
    Ongoing Royalty Fee: 5%
    Multiply total revenue by a royalty percentage (typically 2%-10%) every period.
    Sometimes profits are used to determine the royalty fee, but trying to determine “profit” makes using profits unappealing.
    most frequent type of format is having the fee calculated on about 5-8 percent of the total gross sales that the franchisee earns. However, there are some franchise organizations that may charge a higher percentage based on net sales (after expenses), usually somewhere around 6-10 percent.
    paid monthly or quarterly and is typically calculated as a percentage of gross sales

    More complex formulas:

    (maybe dk takes some html)

    -- the people are the leaders

    by in on Wed Nov 14, 2012 at 12:04:34 PM PST

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