CEO: Obamacare to cause a 12-cent Increase for his Pizza | Crooks and Liars
I realize that pizza is always a matter of personal opinion, but MY opinion is that Papa John's makes some of the worst pizza I've ever had (and I've tried them all). All I have to do is think back to the last time I ate one, and my stomach immediately ties itself into an acidic knot. So if Schnatter decides to raise his pizza to cover the cost of Obamacare, and his business drops as a result, that's fine with me. But I have to wonder: What kind of corporate leadership can't absorb such a small cost in order to insure all of his employees? And more to the point: What kind of "papa" DOESN'T CARE ABOUT HIS EMPLOYEES' HEALTH?
During a shareholders conference call last week, "Papa" John Schnatter, founder and CEO of the pizza chain that bears his name, issued a warning to consumers that, unless Obamacare is repealed, the company's pizza prices are likely to increase.
"If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best interests," Schnatter said, according to Politico.
A major Mitt Romney backer, Schnatter estimates pizzas under Obamacare will cost 11 to 14 cents extra, "or 15 to 20 cents per order from a corporate basis."
full story at Labor's Pains: http://laborspains.blogspot.com/2012/08/ceo-obamacare-to-cause-12-cent-increase.html
original post: http://crooksandliars.com/susie-madrak/oh-noes-not-12-cent-increase-papa-joh
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