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Herman Cain linked with Aquila which collapsed Enron style
Atlanta Post ^

Posted on 10/10/2011 10:42:09 AM PDT by Maneesh

Herman Cain isn’t 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 Godfather’s 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 Obama’s 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 Cain’s Enron-esque Disaster: The Story the GOP presidential candidate won’t tell you about his years in corporate America.” If our skepticism of him before was baseless, it certainly isn’t 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 Cain’s 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 Aquila’s 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 Godfather’s 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 Godfather’s, 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.


TOPICS:
KEYWORDS: aquila; herekitty; hermancain; motherjones; vettingcain
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To: PSYCHO-FREEP
Most of the anti-Perry “crap” - support of the Texas DREAM Act, opposition to e-verify, relationships with Mexico and personally profiting from influence peddling and “pay-to-play” schemes are well documented.
81 posted on 10/10/2011 11:08:52 AM PDT by bwc2221
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To: RitaOK
Or, it may be found interesting that the small Cain campaign has been virtually silent on this potential blot to his record, failing utterly at RULE NUMBER ONE; to get the bad stuff out there early.

Check post 10. The reason they have been silent on this is that it is a non-story, and only unprincipled hacks like yourself are willing to try to carry it onwards.

82 posted on 10/10/2011 11:09:01 AM PDT by dirtboy
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To: Kartographer

On some level, yes.


83 posted on 10/10/2011 11:09:10 AM PDT by DRey (Perry/Rubio 2012)
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To: marty60

So did you read the other articles at this website?

So you think this article disqualifies Cain? If you think that, then the dozens of articles at this same website about “Perry the Racist” must also disqualify him then.

Read post 10 of this thread for the link to the proof this is a nonsense Leftist smear


84 posted on 10/10/2011 11:09:53 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: Grunthor

Lol


85 posted on 10/10/2011 11:10:44 AM PDT by mnehring
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To: Maneesh
The Atlanta Post?

Couldn't seem to find squat on Zer0 and squealed about all the "racism" from the right, but can connect Cain to adverse results for industries operating in government regulated and mandated markets.

You need a little more experience.

86 posted on 10/10/2011 11:11:38 AM PDT by Navy Patriot
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To: ScottinVA

http://thyblackman.com/2011/05/23/gop-herman-cain-accused-of-causing-employees-to-lose-millions-in-retirement-funds/

Second source.

Cain associates, Romney, Ken Lay, McCain.

When I research Cain and his miracle at Godfathers, the one thing that popped out at me was his first meeting with the franchisees.
He spent 3 hours preaching that Godfathers was dane for greatness. That the franchises were safe blah blah blah.
Then splat, he closed franchises and fired 500 people.

What a guy.
It struck me then that he sounded like Ken Lay.
He got up in front of the employees that Enron was doing great, their stock was safe, in fact they should buy MORE.

within weeks they were getting pink slips and the retirement was GONE.

Cain learned at the knee of the best conmen in America.


87 posted on 10/10/2011 11:11:46 AM PDT by marty60
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To: chilepup; MNJohnnie
Both of you...relax.

I did something I never do. I posted a response to an open tab that had 2 responses. I didn't see all the other posts until after I posted mine. It was an error.

Direct your over-hyped indignant rage elsewhere.

88 posted on 10/10/2011 11:12:00 AM PDT by Tex-Con-Man
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To: marty60
Really better learn to check your sources Marty.

Guess you did not grasp the fact that posting Leftist agit-prop as "fact" is going to bite your candidate a lot harder then it will Cain.

See your "sources" hate all Conservative Marty, not just the same ones you hate.

89 posted on 10/10/2011 11:12:11 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: marty60

Could you at least wipe that crap off when you pull it from your ass, it’s stinkin’ up the place...


90 posted on 10/10/2011 11:12:33 AM PDT by ejonesie22 (8/30/10, the day Truth won.)
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To: Maneesh

Did you hug your mother jones today. LOL, liberal weenie.


91 posted on 10/10/2011 11:12:52 AM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow democrats.)
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To: shield; All

I want to thank you personally for your objectivity in your post. You are a well known Perry supporter and many of your cohorts are also posting on this thread, not NEARLY in as fair and objective a manner as you did, from the bottom of my little black heart;

THANK YOU!


92 posted on 10/10/2011 11:13:28 AM PDT by Grunthor (Heartless Bigot for Cain.)
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To: Maneesh

Well, then you just get it out there for all to see, Perrybot! Mother Jones, indeed! So you read Mother Jones? That tells us all we need to know.

I was always taught to consider the source before believing what is said.


93 posted on 10/10/2011 11:13:56 AM PDT by Paperdoll (I like Herman Cain)
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To: DRey
‘Dang, and I thought he was “the one.”

NEXT!”

Next certainly your hero, Rick Perry. He already has been the flavor of the month and left a horrible aftertaste (kind of like six-month-old tacos).

94 posted on 10/10/2011 11:13:56 AM PDT by bwc2221
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To: marty60
Still waiting Marty.

Post 10 this thread proves you a liar. Yet you continue to post the lie.

Why should we treat you as anything but an ignorant childish clown when you refuse to learn the facts in order to keep re-posting the lie?

95 posted on 10/10/2011 11:14:57 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: mnehring

;-)


96 posted on 10/10/2011 11:15:54 AM PDT by Grunthor (Heartless Bigot for Cain.)
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To: marty60

Is there no liberal turd you won’t roll on in your zeal to attack Cain, you worthless POS?


97 posted on 10/10/2011 11:15:59 AM PDT by dirtboy
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To: justsaynomore

Interesting how a story trashed because Mother Jones published it has a link also from Mother Jones as proof that the original story is trash !


98 posted on 10/10/2011 11:16:29 AM PDT by Maneesh
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To: Maneesh
True, you and a few others here are perrywinklies.
99 posted on 10/10/2011 11:16:37 AM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow democrats.)
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To: DRey

So stick a fork in Perry. NEXT!


100 posted on 10/10/2011 11:16:37 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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