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Herman Cain...businessman ? - 11/6/2011 5:25:52 AM   
MrRodgers


Posts: 10542
Joined: 7/30/2005
Status: offline 		Cain took over the fourth largest Pizza company in America with no debt and a great promising future and in ten years turned it into the eight largest pizza company in America, one with so much debt, it could not be sold.

It is certainly true that he “turned around” the company as he likes to say.


Adjusting for inflation in 1985 to 1994 in order to compare 1985 to the last year, 1995, that he was a full time CEO at Godfather’s, 23 the $325 million Godfather’s sold in 1985 equals $448 million in 1995 dollars. Thus the drop was from $448 million to $265.5 million (in 1995 dollars). This is a drop of about 41%. Adjusted for inflation, sales dropped by about 41% in the ten years that Herman Cain ran the company as CEO.

Godfather’s Pizza was bought for 300 million by Diversifoods Inc. in 1983. Pillsbury Inc. bought most of Diversifoods’ restaurants for about $390 million in 1985. Because Diversifoods sold over 300 Burger Kings and other restaurants to Pillsbury, it is hard to know how much Pillsbury actually paid for the 740 or so Godfather restaurants it bought. It was probably $100-150 million. Three years later, after Cain had been managing the restaurants for 2 1/2 years, they sold it to Cain and twenty other managers for $30-40 million dollars. Cain was sent by Pillsbury to increase the company’s value. He failed miserably. If he had succeeded, Pillsbury would not have sold the company with huge losses.

Please ask reporters to question Herman Cain about why he doesn’t release his earnings statements from his Godfather Pizza years. He is asking for our vote for president, but not being honest with us about how well he did managing Godfather’s Pizza.

Imagine a baseball player who tells you how great he did and how his terrible team turned around after he joined it, but he refuses to tell you his batting average. One has to suspect that he did not really contribute to the team’s turnaround or if there was a turnaround at all.
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RE: Herman Cain...businessman ? - 11/6/2011 7:20:49 AM   
FirmhandKY


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Status: offline 		Afraid to give a link to your source of information?

Firm


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RE: Herman Cain...businessman ? - 11/6/2011 7:27:49 AM   
Owner59


Posts: 17033
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From: Dirty Jersey
Status: offline 		Afraid to read one?


This won`t matter with you cons,anyway.


How many businesses did "businessman" bush ruin, before ruining the whole entire country`s economy?


Assuming the story is correct,how can you assure us that Cain won`t replicate his business failures as the POTUS, that he did as president of God Father Pizza?


Drip drip drip...

< Message edited by Owner59 -- 11/6/2011 7:29:09 AM >

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RE: Herman Cain...businessman ? - 11/6/2011 7:28:23 AM   
tazzygirl


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Status: offline 		I want it on the record that I didnt start this one.... dammit!

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RE: Herman Cain...businessman ? - 11/6/2011 7:29:47 AM   
Owner59


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Status: offline 		No prob Taz.

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RE: Herman Cain...businessman ? - 11/6/2011 7:32:29 AM   
tazzygirl


Posts: 37833
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Status: offline 		Wow, I went looking... quite a detailed analysis.

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Telling me to take Midol wont help your butthurt.
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Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: Herman Cain...businessman ? - 11/6/2011 7:34:19 AM   
FirmhandKY


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quote:

ORIGINAL: Owner59

Afraid to read one?

This won`t matter with you cons,anyway.

Not afraid to read about it, Owner.  And to take the facts and apply them as appropriate.

But if you are going to denigrate someone with facts ... provide some indication that they come from somewhere other than a febrile mind.

Firm

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RE: Herman Cain...businessman ? - 11/6/2011 7:40:57 AM   
slvemike4u


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Status: offline 		What I am most interested in Firm,is why you keep defending/touting this book seller as an actual candidate,when all evidence points to the contrary?
If this is the actual best offer conservatives are offering the nation.....the conservative movement is dead on arrival .

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RE: Herman Cain...businessman ? - 11/6/2011 7:41:45 AM   
Owner59


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quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: Owner59

Afraid to read one?

This won`t matter with you cons,anyway.

Not afraid to read about it, Owner.  And to take the facts and apply them as appropriate.

But if you are going to denigrate someone with facts ... provide some indication that they come from somewhere other than a febrile mind.

Firm


Fair enough. I was thinking that when Jenny Flowers was making claims without proof,but did that stop the smear?

So to answer my question,arguemento,if it`s true about the business history(it`s not a state secret)how can you assure us that Cain won`t do to our economy,what did to his business?

Frankly,I would have prefered this come out AFTER Cain won the GOP nod.My 2nd preference is that you cons elect him as your nominee in spite of this.

< Message edited by Owner59 -- 11/6/2011 7:42:13 AM >

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"As for our common defense, we reject as false the choice between our safety and our ideals"

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RE: Herman Cain...businessman ? - 11/6/2011 7:47:17 AM   
tazzygirl


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Status: offline 		My only issue with that report, Owner, is it talks about the selling price betweeb 30 and 40... when other sources have said the actual amounts were never disclosed, but possibly closer to 100.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Owner59)
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RE: Herman Cain...businessman ? - 11/6/2011 7:50:22 AM   
FirmhandKY


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quote:

ORIGINAL: tazzygirl

My only issue with that report, Owner, is it talks about the selling price betweeb 30 and 40... when other sources have said the actual amounts were never disclosed, but possibly closer to 100.

That's just one problem with the figures and logic of the OP.

Which is why I asked for a link to his source.

Firm


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RE: Herman Cain...businessman ? - 11/6/2011 7:52:17 AM   
FirmhandKY


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quote:

ORIGINAL: Owner59

Fair enough. I was thinking that when Jenny Flowers was making claims without proof,but did that stop the smear?

So, two wrongs make a right? 


quote:

ORIGINAL: Owner59

So to answer my question,arguemento,if it`s true about the business history(it`s not a state secret)how can you assure us that Cain won`t do to our economy,what did to his business?

Frankly,I would have prefered this come out AFTER Cain won the GOP nod.My 2nd preference is that you cons elect him as your nominee in spite of this.

Your assumption that a "failed business history" is a fact, which is not yet in evidence and under dispute.

Firm


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RE: Herman Cain...businessman ? - 11/6/2011 7:55:30 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Well then,it`s time to find out the real deal,one way or the other.

If it`s the high side,Herman rules.

If it`s the lower,Herman drools.

I got no problem with whatever the results are.

If Cain has something good to showcase,by all means he deserves to do that.

If he has something to hide,we have every right know the truth and he has zero to say about that.



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"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: Herman Cain...businessman ? - 11/6/2011 7:56:05 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
Status: offline
quote:

ORIGINAL: slvemike4u

What I am most interested in Firm,is why you keep defending/touting this book seller as an actual candidate,when all evidence points to the contrary?

Mike,

As I said in another thread, I haven't made any final decisions, but I do have a "short list" that includes Cain.

I've been observing the political process since I was about 9 years old, and have studied it quite a bit.  I'm not convinced that "all evidence points to the contrary".  In fact, the fact that so much attention is being focused on Cain, with hit piece after hit piece seems to indicate just the opposite.


quote:

ORIGINAL: slvemike4u

If this is the actual best offer conservatives are offering the nation.....the conservative movement is dead on arrival .

I understand that our emphasis and understanding about the world is different.  I could make the same statement about American liberalism and Obama, I think.

Firm


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RE: Herman Cain...businessman ? - 11/6/2011 7:57:09 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
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quote:

ORIGINAL: Owner59

Well then,it`s time to find out the real deal,one way or the other.

..

I got no problem with whatever the results are.

If Cain has something good to showcase,by all means he deserves to do that.

If he has something to hide,we have every right know the truth and he has zero to say about that.

Perfect agreement with these statements.

Firm


_____________________________

Some people are just idiots.

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RE: Herman Cain...businessman ? - 11/6/2011 8:05:56 AM   
Owner59


Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
Status: offline 		Hit pieces?

You`re making Cain into a victim?!? LMAO!

Besides the legitimate criticismsof what comes out of his mouth,what are the "hit piece after hit piece" you`re refering to?

And why sudden outrage about anonymous sources?They were correct, after all.

_____________________________

"As for our common defense, we reject as false the choice between our safety and our ideals"

President Obama

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RE: Herman Cain...businessman ? - 11/6/2011 8:06:57 AM   
slvemike4u


Posts: 17896
Joined: 1/15/2008
From: United States
Status: offline 		Firm,I don't care if you have been studying American politics since you were in the womb,the fact of the matter is that this is not a campaign...there is no organization ,in place,to run a damm campaign.
Now we have this "candidate" belligerently telling the media that "we are getting back on message" as if he,and he alone,gets to decide what is and what isn't news!
It is well past time for this joke to end.The punch line seems to be Cain himself,the butt of the joke seems to be the Republican nominating process.You folks do realize there is an actual,honest to god election coming up in 2012, you will need a candidate at that point....not a joke.

_____________________________

If we want things to stay as they are,things will have to change...Tancredi from "the Leopard"

Forget Guns-----Ban the pools

Funny stuff....https://www.youtube.com/watch?v=eNwFf991d-4


(in reply to FirmhandKY)
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RE: Herman Cain...businessman ? - 11/6/2011 8:08:30 AM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline 		I think its fact that Pillsbury lost out on the sale.. as it seems the sale never showed up on their balance sheets as a profit.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to Owner59)
Profile   Post #: 18
RE: Herman Cain...businessman ? - 11/6/2011 8:19:10 AM   
TreasureKY


Posts: 3032
Joined: 4/10/2007
From: Kentucky
Status: offline
quote:

ORIGINAL: slvemike4u

What I am most interested in Firm,is why you keep defending/touting this book seller as an actual candidate,when all evidence points to the contrary?
If this is the actual best offer conservatives are offering the nation.....the conservative movement is dead on arrival .


To be honest, Mike... as you aren't a conservative, why do you care?

(in reply to slvemike4u)
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RE: Herman Cain...businessman ? - 11/6/2011 8:24:33 AM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
Status: offline
quote:

ORIGINAL: tazzygirl

I think its fact that Pillsbury lost out on the sale.. as it seems the sale never showed up on their balance sheets as a profit.

Don't know much about balance sheets, do you tazzy?

Firm


_____________________________

Some people are just idiots.

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