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Originally posted by Wookiep
reply to post by beezzer
Except that ticket wouldn't work. You can't have a former chairman of a Federal Reserve Bank and a man who wants to end the Fed in the same room, can you? Besides, Cain already said he would choose Gingrich unless Romney threw out his jobs plan and adopted "999".
Inflation from 1985 to 2001 was 64.5%. In terms of 2002 dollars, the $325 million sales of 1985 would be the equivalent of $534 million at the beginning of 2002. The final sales in Cain’s last year with Godfather’s Pizza, $287 million total, when we compare it with the year before Cain’s arrival, adjusted for inflation, shows that sales at Godfather’s Pizza dropped 46% during Cain’s association with Godfather’s Pizza.
We might see how Cain did in just the years where he was CEO. Adjusting for inflation in 1985 to 1994, to compare it to the last year, 1995, that he was a full time CEO at Godfather’s, $325 million equals $448 million. Thus the drop was from $448 million to $265.5 million. 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. He had five years where sales decreased and five years where sales increased, but the years that sales increased barely kept up with inflation.
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 $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.
The goal of a management buyout is generally to quickly return a company to profitability and sell it at a profit. Cain was unable to accomplish this in the next seven years that he ran the company.
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
Originally posted by Liquesence
Not that i would vote for the guy anyway, but it's stuff like
this that really bothers me, and the support people give and get for such comments and beliefs:
He [Cain] was approached this weekend at the Conservative Principles Conference in Des Moines, Iowa and asked if he would be comfortable appointing a Muslim to be a federal judge or a member of his cabinet. Cain answered, "No, I will not." Then, he launched into a detailed explanation of why. "There is this attempt to gradually ease Sharia law and the Muslim faith into our government," Cain said.
This is America.
Whether someone is a Muslim or not should not be an issue, and those that think it should be do not deserve to hold an elected or appointed position.
We are Americans. America is not non-secular.
Anyone who thinks like the above quotation does not understand (or care about) America's core principles and does not deserve to lead the country or to make decisions that have the potential to affect the diversity that makes this country what it is.
It's that type of ideological thinking that gets us into the messes we are in.
Herman Cain NOT for president.
But just remember who won the Iowa Straw Poll....
Originally posted by imawlinn
Just when i thought it couldnt get any more ridiculous! Now we have went from greasy car salesmen frontrunners to shady ex fed employee israelitist. This just keeps getting more insane by the hour.edit on 24-9-2011 by imawlinn because: (no reason given)
Originally posted by eLPresidente
Perry's campaign accused Romney's campaign of giving away his delegate votes to Cain to dilute Perry's results in the Florida straw poll.edit on 24-9-2011 by eLPresidente because: (no reason given)
Originally posted by eLPresidente
reply to post by GeorgiaGirl
Perry probably put the most effort into Florida so he came out the biggest loser in this case.
He is imploding and now the candidates need to start exposing Romney so we can get the 2 media-darling-pre-chosen-frontrunners completely out of the way.
Originally posted by mishigas
I bet ol' Herman is smiling ear to ear tonight as he celebrates his massive victory over the rest of the pack.
I say, congratulations, Mr. Cain. You're a good man. But just remember who won the Iowa Straw Poll....
Originally posted by mishigas
I bet ol' Herman is smiling ear to ear tonight as he celebrates his massive victory over the rest of the pack.
I say, congratulations, Mr. Cain. You're a good man. But just remember who won the Iowa Straw Poll....
*******
Florida has a strong T Party presence.