Papa John’s CEO John Schnatter said he plans on passing the costs of health care reform to his business onto his workers. Schnatter said he will likely reduce workers’ hours, as a result of President Obama’s reelection, the Naples News reports. Schnatter made headlines over the summer when he told shareholders that the cost of a Papa John’s pizza will increase by between 11 and 14 cents due to Obamacare.
Here’s what Forbes had to say about Schnatter’s “11-14 cent” increase:
“So how much would prices go up, under these 50/50 conditions, if they were to fairly reflect the increased cost of doing business onset by Obamacare? Roughly 3.4 to 4.6 cents a pie.”
John Schnatter is lying to us — so he can rake in even more money.
By the way, guess how much money Schnatter just gave away with his 2 million free pizzas promotion? According to Forbes:
“In September, the company announced that it would be giving away 2 million free pizzas. That was, of course, a promotion designed to increase brand awareness and to invite consumers to try the brand… But just in case you’re curious, that would be the equivalent of $24 million to $32 million in pizza revenue.”
Schnatter will cut his employee’s hours so he doesn’t have to cover them under Obamacare, but he’ll give away up to $32 million in revenue for a promotion. Oh, and he’ll also raise the cost of his pizza by more than is absolutely necessary. Because he can.
Here’s where John Schnatter lives — it’s known as The Castle:
via: Google maps
Schnatter’s home is so fabulous it even made Mitt Romney gush when he was there in May for a private fundraiser for his campaign:
What a welcome, what a place this is. My goodness. Who would have imagined pizza could build this, you know that? This is really something. Don’t you love this country? What a home this is, what grounds these are, the pool, the golf course. You know if a Democrat were here he’d look around and say no one should live like this, you know? Republicans come here and say everyone should live like this, all right. This is a real tribute to America, to entrepreneurship. [VIDEO]
John Schnatter, a plutocrat like Mitt Romney, would be the first to scream “I built that!” regarding his home, his business, his fortune. FreakOutNation notes: “A [Papa John's] delivery driver makes a whopping $6.41 per hour. It’s wonderful that this man has been able to realize the American dream — some of it, on the backs of his workers, who are insufficiently paid.”
Everything Schnatter owns has nothing to do with the people who work for him… the people who are on the front lines, dealing directly with the customers, correct? Why should The Help earn a living wage?
On an earlier post a commenter noted, quite accurately:
“So now we’re starting to see the real cost to those cheap meals. The company pockets a ton of profits, while leaving the healthcare of its employees in the hands of the tax payers.”
Just like uninsured low-paid Walmart workers, John Schnatter’s employees will get sick, get in accidents, and will need medical care at one point or another — and the rest of us will pick up the tab. We’ll do that so that Schnatter can continue to hoard most of his corporation’s profits for himself, and live in the home that’s pictured above — and is described as follows:
The house is 40,000 square feet and it resembles a castle. One interesting feature on this 16-acre estate is the 22-car underground garage, complete with an office for valet parking, a car wash and even a motorized turn table to move limousines. The home also has a state-of-the-art exercise suite and a huge 6,000 square foot carriage house.
America (along with the rest of the world) really needs to start seeing corporate greed as the abomination that it is, instead of something to be admired and emulated.
I wonder how many parking spaces Jesus would have in his underground garage…
Read more: Forbes • Freakoutnation • Celebrity Net Worth • Huffington Post