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Papa John's Sets Golden Parachutes Ahead of Possible Sale

Louisville News, Sports, Business

In a move that signaled a sale may be close for Papa John's, a board of directors committee has laid out a plan for paying golden parachutes to chief executive Steve Ritchie and and other top leaders at the international pizza chain. Ritchie, for instance, would receive cash severance payments equaling three years of his base salary, or nearly $2.5 million, and additional non-equity incentives of $137,000 if he's terminated after the international pizza chain is sold...

Mentions: Management Delaware private equity firms