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.
Yeah the Eric Holder Defense.