Ten More Herman Cain Scandals
By Jay Raskin
Here’s a list of ten Herman Cain scandals that the corporate media is ignoring.
Cain did not deliver at Godfather’s Pizza. From 1985, the year before Cain was appointed to run Godfathers to 1995 when he left, adjusted for inflation, Godfather’s sales were down over 40%.
See Complete Godfather’s Pizza Sales Figure from the Herman Cain Years
Cain claims that Godfather’s Pizza was on the edge of bankruptcy when he took over the company. Actually, it was the fourth largest selling Pizza Chain in America and had made profits in at least 10 years out of 11 when he took it over. According to Cain it lost 1.5 million the year before he took it over. The previous president claimed it was going to break even. It was also projected to possibly make 16 $million the year he took it over. It apparently made nothing the first two years under Cain. The company was probably worth between $100 – $150 million when Pillsbury took it over and gave it to Cain. Under Cain, its value fell to $30-40 million in 2 1/2 years.
See Checking the Fact Checkers on Herman Cain and Godfather’s Pizzas
Pillsbury and Cain were both very optimistic about the Godfather’s franchise, when he took over. They were expecting big profits. Cain kept on putting out optimistic projections and constant statements that he was turning the company around. After two years, Pillsbury caught on and realized Cain had failed to make any real profits and decided to sell the company.
See Checking the Fact Checkers on Herman Cain and Godfather’s Pizzas, Part 2
While Pizza sales were rising 10% nationally when he took over Godfather’s in 1986, Godfather’s sales fell more than 5% a year through 1990.