Another week, another food chain earning the ire of Wary Lemmings everywhere.
This time, it is Papa John Schnatter, Founder and CEO of Papa John’s Pizza who has given us some further insight into the priorities of the friends of Mitt. (Schnatter is a vocal Romney supporter and fundraiser)
In case you missed it, Schnatter said this in a conference call with investors:
- “Our best estimate is that the Obamacare will cost 11 to 14 cents per pizza, or 15 to 20 cents per order from a corporate basis”
- “We’re not supportive of Obamacare, like most businesses in our industry. But our business model and unit economics are about as ideal as you can get for a food company to absorb Obamacare.”
- “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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.”
Ok. Let’s try to understand the message being delivered.
“15 to 20 cents” is the cost per pizza to ensure millions of additional Americans will have quality health care coverage.
Is there anyone who honestly thinks this is too much to bear? Oh wait, yes.
“Our business model and unit economics are about as ideal as you can get…to absorb Obamacare.”
If this is the case, then what’s the problem Papa?
“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.”
Translation: We will use inferior ingredients, squeeze our franchisees and charge people more for the end result, all while moving everyone to part-time status so we don’t have to provide coverage anyway.
All to maximize shareholder value.
To hell with the stakeholders – those being the employees, customers, and society at large in addition to those poor, overburdened shareholders.
Papa John has just revealed that he doesn’t give his customers or his front line employees the same level of respect as he does his shareholders. He doesn’t care about them, care about you, or care about me. He cares only about shareholders and their continued success.
Look, I have no problem with a CEO disagreeing with government policy and worrying about how it will impact his company. I have no issue with his right to free speech, or the right of others to disagree with him.
In fact, I am thankful for the opportunity it gives us to really understand the mindset, prioroties and principles of this segment of Republican supporters.
If you are a Wary Lemming, then you already know that Mitt Romney has revealed his manifesto on a successful society. If that wasn’t enough to convince you, then how about Mitt’s statements at a fundraiser hosted by ol’ Papa John himself:
“Who would’ve imagined pizza could build this. This is really something. Don’t you love this country? What a home this is, what grounds these are, the pool, the golf course…. This is a real tribute to America, to entrepreneurship.” said Romney.
Yes, a real tribute to America. Meanwhile, millions suffer with poor healthcare options (or none at all) while Papa and Mitt tee off on the back nine at Pizza Links.
What these clowns do not realize is that a healthier society is a more productive society. A more productive society is a more affluent society. And a more affluent society can fuel a consumer driven economy. And in case they haven’t noticed, that economy needs some fuel.
If we all take care of society at large, your shareholders will be just fine Papa John.
Would that be so bad Papa?