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Herman Cain bases his campaign for the presidency on his success as a manager and CEO of Godfather’s Pizza.
Herman Cain claims to have brought Godfather’s Pizza from the edge of bankruptcy to profitability during his time there.
It is a false statement that the company was on the edge of bankruptcy when he took over.
The only real objective evidence that is publicly available for how well he did is annual sales.
How much did sales increase or decrease during Cain’s time at Godfather’s Pizza?
Godfather’s dropped from fifth largest sales among pizza chains to 11th during the time he was associated with the company.
Sales at Godfather’s Pizza dropped 46% during Cain’s association with Godfather’s.
Adjusted for inflation, sales dropped by about 41% in the ten years that Herman Cain ran the company.
Cain was sent by Pillsbury to increase the company’s value. He failed miserably.
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 seven years that he ran the company.
http://jayraskin.wordpress.com/2011/...an-cain-years/