Posted on 10/10/2011 10:42:09 AM PDT by Maneesh
Herman Cain isnt as laughable as I originally affronted. He has been making the media rounds and impressing a few people along the way, even earning himself a flock of supporters. After a recent Fox News presidential debate, a focus group overwhelmingly declared the black Republican and former CEO of Godfathers Pizza victorious. So now that Cain has proven his candidacy as one to be take notice of (but can you blame us for brushing him off at first? Most of president Obamas would-be contenders were just laughable.), it is only natural that the serious smears of campaign season would arise against him. First up: A business scandal that so closely mirrors the travesty at Enron, it warranted this headline from Mother Jones Magazine: Herman Cains Enron-esque Disaster: The Story the GOP presidential candidate wont tell you about his years in corporate America. If our skepticism of him before was baseless, it certainly isnt now. Cain clearly believes that his pro-business message is what GOP voters want to hear. So much so, in fact, that on Saturday he officially unveiled his candidacy for the 2012 GOP nomination. But scrubbed from Cains official story is his long tenure as a director at a Midwest energy corporation named Aquila that, like the infamous Enron Corporation, recklessly drove into the wild west of energy trading and speculation and ultimately screwed its employees out of tens of millions of dollars, Mother Jones reports. According to a massive class action lawsuit against Aquilas board of directors including Cain he allegedly steered employees into heavily investing their retirement savings in company stock, while at the same time shifting their business model from straightforward energy generation to risky energy trading the kind of corporate greed that infamously brought down Enron, Mother Jones reports. In the suit, it claims that Cain and other top officials violated a 37-year-old federal law that requires employers to responsibly manage the retirement programs for their employees. Their pensions and life savings were lost. Thus far, Cain has been running as the pro-business candidate who successfully turned around the failing Godfathers Pizza franchise after working in the corporate offices of the Pillsbury Company. His lack of political experience is always countered by touting his decades worth of success in business. Positions at Godfathers, Pillsbury and his post as chairman of the Federal Reserve Bank of Kansas City are listed as part of his official campaign biography. His part in the major downfall of Aquila where he was on the board of directors for much of the 1990s and early 2000s is nowhere to be found. Yes, it is expected for a candidate to try and hide his skeletons, but he should also expect to eventually be exposed. Herman Cain, you are exposed.
Not that I doubt that you are correct, could you provide the links or references that indicate Herman was dropped from the suit? The file you provided contained the following:
...”PAGE 14: Defendant Herman Cain (Cain) was at all relevant times a director of 38. Aquila and served as the chair of the Compensation Committee at all relevant times until 2003.
PAGE 15: During the time periods specified above, defendants Hockaday, Crow, Kline, Cain and Ikenberry were members of the Compensation Committee. The Compensation Committee was responsible for reviewing policies, practices and procedures covering compensation of key employees, and establishing and administering compensation programs and plans...”
I did find the following website however no case documents show any of the Board being removed from the suit:
Wolf Haldenstein successfully defended a motion to dismiss the action, successfully moved for class certification, and engaged in substantial discovery efforts before a settlement of the case was reached. By Settlement Agreement dated July 20, 2007, which was approved by a Final Order and Judgment dated November 29, 2007, the Class was provided with a cash payment of $10.5 million as well as substantial non-monetary benefits valued at many millions of dollars.
http://www.whafh.com/modules/case/index.php?action=view&id=846
Brilliant and true observation. Herd mentality works even on our side.
This IS going to be the line of attack against Herman.
“Herman Ran Sweatshops!”
I personally expected a series of TV spots featuring former Godfathers Pizza employees bitching about how they could not get enough hours to qualify for their health insurance or could not get a “living wage” out of his “cheap*ss company”.
I expect libtards to bring out these stories.
I don't expect FReepers to spread liberal-sourced slime on FR. Big difference.
The racist thing will eat him up, especially in a ‘hot head’ who tends to open mouth insert foot.
Herman Cain was the chairman of the compensation committee that oversaw pay and bonus’ for executives and other positions. There was a Pension and Benefits committee and a retirement committee. Herman Cain was not on either one of those. Thus Cain didn’t come across the activity and paperwork to see what was going on with these committees.
The lawsuit that was filed named all sorts of people at the top even if they didn’t have basic oversight at issue with the lawsuit. Class action lawsuits tend to always do this.
You stepped in a liberal turd and are all aghast that FReepers are pointing out that you have sh** on your shoe. If you had any class, or at least any shame, you would ask the mods to pull this nonsense. Yet you persist. Are you so stupid that you can't learn from this mistake?
No Dirtboy you shut the hell up and act like your name. You can’t stand any discussion which deviates from your thinking. You don’t belong on a discussion site.
It would go a lot further to support a candidate if instead of screaming YOU’RE A LIAR, A LIBERAL LIAR, they simply refuted the article.
All republicans are going to be hit with stuff like this, and we and they are going to have to be able to refute it. If we just scream liar at each other we just look insane.
You're the one posting liberal slime and then acting like it's perfume, troll.
And I've made about 70,000 posts here and have been here since 1998, so I would be careful who you lecture about belonging on this site.
I look at it and say to myself why does he see a need to stomp on Herman Cain?
Uh, that was done in post 10, and in several other posts on this thread.
Maybe if you would read the thread first, you'd see the OP is being an obstinate concern troll.
“I originally affronted...”?
Yeah the Eric Holder Defense.
Because he has an actual record to document, possibly?
I like to think that I would have enough integrity to behave in the same manner were this story about Perry.
Good Day.
Disparate means different. Did you mean desperate? Either way, no, I rather prefer honest dialogue. You should try it sometime. You asked about racism of the candidate. Having grown up knowing Perry and living in the same community, I know a little something about the racism there and what most people overcame in a very short time, Perry included. You asked a question. I answered it. Sorry it didn’t meet with your expectations.
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