Papa Johns head John Schnatter may well get an award as least competent CEO.
After making stupid comments about firing people and cutting hours to prevent giving employees health care, his company sent unwanted emails to half a million people offering pizza deals. His company is today facing a huge lawsuit for their willful negligence.
This is how Schnatter fared during the last four miserable years of business with a "socialist Kenyan dictator" in the White House:
That's a stock that rose from just over $10 a share to almost $55.
I know how the 1% think, and I'm sure Schnatter would say he did that well in spite of the stranglehold of govt restrictions, and that he's a corporate genius. Let's zoom in on the chart to show just the last 30 days when this Mensa Merchant Megastar decided to open his big mouth and tell half the country to find another pizza shop:
That chart shows investors eating 20% of their money in less than a month. Anchovies smell like ambrosia compared to Papa Johns stock now, and it hasn't hit bottom yet. Imagine a pizza with two slices missing. That's what an investor's portfolio looks like now.
For this, "Papa John" Schnatter pays himself $1,38 million a year including a Cadillac health care plan. Shareholders may well have a somewhat different list of who should get a layoff notice. I know I would.