Skip to comments.Herman Cain plans to cut back on campaign events
Posted on 10/29/2011 1:44:28 PM PDT by InnovativeEdited on 10/29/2011 2:51:19 PM PDT by Admin Moderator. [history]
Presidential candidate Herman Cain isn't lacking in confidence about his 2012 prospects.
He says he expects to finish first or second in each Iowa and New Hampshire.
(Excerpt) Read more at politico.com ...
I think this is a huge mistake......
Funny according to his supporters he’s perfect the way he is.
Did he really say this?
“he plans to “dial back” his campaign and media appearances in order to avoid missteps”
Some how I don’t think those words came out of his mouth.
Politico strikes again:
CAIN: "dial back"
POLITICO: in order to avoid missteps.
The media no longer has Sarah Palin to bash. They are now focusing on Herman Cain because he is the biggest threat to Obama, being that Cain is head and shoulders above Obama in policy acumen, experience, education, and leadership ability. The high tech lynching has already started against Herman Cain. He will make a great President!
Even if politico is making up stuff, the fact that he is at least dailing it back along should be cause for concern - it strikes at being overconfident when he should be aggressive toward the end
So once again the campaign bots are criticizing Cain based on what the leftist media is telling them to think while having no idea what Cain actually said.
This will not fuel claims that he is “overconfident”, but rather it will fuel claims that he is really not that interested, which is worse.
Criticized for going on MSNBC and their ilk, and criticized for not going on MNSBC and their ilk. What’s a candidate to do?
“When you’re too tired you’re not on you’re ‘A game,’” the 65-year-old Georgia businessman told a throng of reporters who greeted the arrival of his bus on the Samford campus.
It’s the AP via Politico.....but like I said Politico is adding that he’s doing this to not make mistakes which could be a lie but all I’m saying is that *if * he’s “dailing it back” it would be a mistake
I like Caine because he is a black man who knows his place.....in the WH
I question the honesty of this story. it just doesn’t make sense. the biggest problem with the whole line of reasoning is that to the extent that he has made “missteps”, they aren’t hurting him.
“This will not fuel claims that he is overconfident, but rather it will fuel claims that he is really not that interested, which is worse.”
I think “not prepared” would be worse.
And to make matters worse, I only read the headline—LOL!
Politico??? Now, really, is it worth space on FR?
Herman Cain has lot fewer TV & radio commercials playing on air than other front runners. His appearances are fewer than other front runners. So how come he is polling so well?
It tells me only one thing...with internet so much more prevalent today (facebook, Twitter, youtube, web sites etc) one may not need to visit all 99 counties in Iowa to succeed. People are getting the message.
Every professional politico criticized that now famous Cain commercial with the speaker taking a drag on a cigarette at the end. Yet Cain’s campaign contributions have accelerated since that commercial.
So, how can you be sure dialing back physical travel is a mistake?
Your words, MNJohnnieBoy! LOL
If Cain’s current strategy is a mistake maybe he should pursue it more often. He’s the GOP frontrunner!!!
Poor Romney and Perry! They’re two average Pols with no idea how to catch up to the Herminator.
I think the controversies have helped him in the sense that they have introduced him to the nation. However, once his name recognition has gone up, a controversy a day really doesn't help him. Too much drama. I think he's wise to dial it back.
Telling anyone, let alone Politico, that he’s “dialing back” is a mistake right there.
But I wanted to hear more about the electric fence that would kill!
Saw his bus in Birmingham, AL today at the Summitt Mall.
I wanted to hear more about how Godfathers became the 15th largest pizza franchise in the USA, and how that beats Perry making Texas the 15th largest economy in the WORLD.
You are right ! He is doing it in a new savvy way with a tight budget and that irritates all these campaign managers who sit their asses and direct volunteers do their work for them.
October 28, 2011 1:00 P.M.
Cain Goes Big
His top advisers plot a path to the nomination.
Mark Block and Linda Hansen, Herman Cains senior advisers, tell National Review Online that Cain will soon hold a series of major town-hall meetings in early primary states.
Hmmmm. Wonder what he actually said.
Politico = Pollutico
That is why it is so disappointing in this case, where PolitiFact should have exposed the fact that Cain wasnt telling the truth when he talked about his success as manager of Godfathers. If they had dug a little deeper and understood the situation more clearly, that is what I am sure they would have done. It is not a difficult situation to understand. Cain was appointed manager by Pillsbury to their new Godfathers Pizzas restaurants in order to increase profits which had fallen from about $16 million in 1984 to virtually zero in 1985. Based on the estimates of the previous owners, they hoped the chain would do $16 million in 1986, rising to $30 million in 1990. The main question that PolitiFact should have looked at is did Cain meet these marks. If he did, then he mostly told the truth about turning Godfathers around, if he didnt, it was not mostly true.
Instead PolitiFact did a puff piece on Cain[ii], talking about all sorts of irrelevant (and often false) things about his manager style. It says, He emphasized communication, giving speeches at important moments to employees and franchisees. After his first 60 days at Godfathers, he gave a speech he called get on the wagon, which he now uses in political speeches.
Some managers give speeches, some dont. Some managers are good speakers, some arent. Many managers are excellent managers without giving any speeches. His speaking abilities is irrelevant to the question of whether he turned things around at Godfathers.
The PolitiFact article then gets much worse. It starts giving testimonials for Cain from apparently a list of old friends. It says, Charles Henderson, who runs coffee kiosks in Pennsylvania, was Cains director of marketing back then. He says Cain is probably the most inspirational person Ive ever met in my life. That a man who Cain hired to do marketing speaks highly of his speaking ability is nice, but quite irrelevant to the question at hand. Cains speeches might have turned hundreds of employees to Jesus or the Devil, but this has nothing to do with making profits for the stock holders of Pillsbury. That was what Cain was supposed to do.
The article talks about how he overhauled commercials and advertising. Some managers start new ad campaigns, some dont. It is irrelevant if the ad campaigns dont increase profits. The article never tells us if the new ads did that. The article tells us how he hired J. Walter Thompson, a new ad agency, but it does not tell us that they split twenty months later over compensation[vi]. In fact, Cain had numerous ad campaigns and four different ad agencies over the first two and a half years at Godfathers. None of them appeared to have helped. The constant changing of ads and companies indicate that Cain himself was dissatisfied with the ad results.
The article gives a testimonial from Jeffrey Campbell, the executive at Pillsbury who hired Cain to run Godfathers. Campbell is certainly a nice enough man and his praises of Cain may be sincere or it may be due to the fact that Cains failure may be seen as his failure in gambling on Cain. The article does not mention that Campbell was fired by Pillsbury twenty six months after hiring Cain. He was fired when the restaurants division he was in charge of had suddenly falling profits. This is from a June 1988, New York Times article:
J. Jeffrey Campbell resigned yesterday as chairman of the Pillsbury Companys troubled restaurant group, and Pillsbury said it would appoint a new corporate chief executive by its annual meeting in September.
William H. Spoor temporarily assumed the top corporate post in February.
A Pillsbury spokesman said Mr. Campbells departure after 13 months on the job spared Mr. Spoors successor from the decision of whether to keep the manager of the restaurant group.
Pillsbury has acknowledged disappointing performance in several food businesses over the last three years, and particularly at Burger King, which has lost market share to its archrival, McDonalds. Amid these problems, John M. Stafford resigned as Pillsburys chairman and chief executive in February. Mr. Spoor, who held the job from 1973 to 1985, returned and and began searching for a replacement.
When Mr. Spoor returned, security analysts speculated that Pillsbury might be acquired or that Burger King might be sold. Some analysts believed Mr. Campbell wanted Mr. Staffords job; others believed Mr. Campbell was close to being dismissed because of the restaurant groups poor results.
Mr. Campbell had supervised the operations of Pillburys Burger King, Steak & Ale and Bennigans restaurant chains. He was promoted to his recent job from the post of chairman of Burger King.
Testimonials by the man who hired Cain and the man Cain hired to do ads are certainly not objective facts. If Cain failed as a manager, these men can be seen as partially responsible for that failure. They have subjective reasons for praising Cain.
The article then does something right. It looks at the numbers:
Technomic, a research and consulting firm focused on the restaurant industry, has research data on Godfathers going back to the 1970s. At PolitiFacts request, vice president Darren Tristano examined the revenues and franchise numbers for Godfathers during the time Cain headed it from 1986 to 1995.
Its not possible to determine profitability from those numbers, but they do show Godfathers place in the market, particularly in comparison with its competitors.
Its really hard from that period to find a strong positive or a strong negative. Its more like steady the course, Tristano said.
This shows a serious problem. If an analyst like Tristano was not able to determine profitability from his facts and figures, how were stockholders and others at Pillsbury able to make vital decisions at that time?
Tristano is being truthful, but euphemistic when he says that it is hard to find a strong positive or a strong negative and Its more like steady the course. Godfathers was basically breaking even when Cain took over in 1986 and it apparently was breaking even when he left in 1995. In this sense, Tristano was telling the truth when he says that he found a neither strong positive or a strong negative. Its more like steady the course.
However the Politifact writer, taking Cains general line as true, misinterprets this and tries to find an excuse for it.
Still, steady the course isnt bad for a company that was troubled to start out with and in an industry thats punishingly competitive, analysts said.
Godfathers position was particularly perilous. It wasnt as big as chains like Pizza Hut and Dominos, and it also had to compete with locally owned mom-and-pops in just about every market.
Cain did not say he steadied the course at Godfathers Pizza. He said that he turned it around. The demand for restaurant pizza was booming in the late 1980′s and that is why competition increased.
As far as competition is concerned, Godfathers Pizza had an advantage over Pizza Hut and Dominos. It had the backing of Pillsbury, a corporation with over 3 billion dollars in assets and the second largest fast food restaurant owner in America when Cain took over.
Cain himself had this to say about the competition, 18 months after taking over Godfathers, on November 1, 1987, in the Wall Street Journal:
It is a tough battle that never lets up in this market segment, admits Cain. But the greatest strength in the pizza segment right now is that it is still growing strongly. According to Henderson, the segment will grow 10 percent through 1991 with market share reaching 15 percent. Because of the growth in the segment, says Cain, I believe there is room for all these players, at least for now. He adds that the growth also means that Pillsbury would not sell Godfathers. The segment is growing quickly, and it is hard to imagine that a growth-oriented company like Pillsbury wouldnt want to be in it. If they had sold Godfathers 18 months ago, they would eventually have wanted to buy another pizza chain.
This was six months before Pillsbury announced it was selling the company. Cain predicted Pillsbury would not sell the company and he claimed the the segment is growing quickly. Instead of crying about how tough the pizza business was, as the PolitiFact article claims, Cain was primarily emphasizing how quickly the pizza business was growing.
The PolitiFact article is particularly clueless when it says, Two years after Cain was named chief executive officer, Pillsbury decided to get out of the pizza business and sell Godfathers. Cain and his management team decided to buy the chain in a leveraged buyout for an undisclosed sum.
First, Pillsbury did not decide to get out of the pizza business. It still continued to have its frozen pizza business. Second, the only reason that Pillsbury decided to sell Godfathers Pizzas was because Cain had failed to deliver on his promise to turn the company around. After waiting two years, they stopped believing Cains Mosaic promises of a bright future just around the corner. They put Godfathers Pizzas up for sale because he was continuing to lose money.
This is from the Wall Street Journal of March 18th 1988.
Pillsbury Co. reported a $107.8 million loss for its third quarter ended Feb. 28, and disclosed it is negotiating to sell its 580 unit Godfathers Pizza chain.
The earnings report came after a second day of frenzied trading in Pillsbury stock, fueled by speculators and various unconfirmed takeover rumors.
Pillsburys loss compares with earnings of $48.5 million, or 56 cents a share, in the year-earlier quarter. Revenue fell 2% in the latest period to $1.50 billion from $1.53 billion. The revenue decline came from Pillsburys restaurant business.
The troubled food and restaurant concern had write-offs for restructuring in the quarter of $140.9 million, $50 million more than Minneapolis-based Pillsbury had said it expected to write off earlier this year.
Pillsburys decision to sell Godfathers is the latest move in a series of efforts to improve its restaurant groups performance. In the latest quarter restaurants were responsible for pretax losses of $113.1 million. Pillsburys Steak & Ale and Bennigans chains also are considered by some analysts as candidates for the auction block.
While the company didnt indicate what price it hoped to receive for Godfathers, Pillsbury paid nearly $400 million for the struggling chain in 1985
. It was only when they were unable to find another buyer for the company that they finally sold it to Cain and his management group. The purchase prize was not disclosed, but some original estimates of $30 million appear to have been accurate. It is hard to imagine that Cain just decided to buy the company. It is pretty clear that Cain was desperate. He was 42 years old and essentially being fired by Pillsbury. His record would show a major management failure in running Godfathers. It is hard to see where he could have gotten a job with his eclectic background. He hadnt worked in computer science for seven years, basically a lifetime in computers. As a manager, he had some success at Burger King for two and a half years, but a major failure at Godfathers. Fast Food restaurants were in a slump generally and management positions were shrinking. Buying the company in a buy-out was the only option that he really had to keep himself off the unemployment line.
In the two years that Cain managed Godfathers Pizza for Pillsbury, 1986-1988, sales fell from $275 million to $242.5 million. The number of stores fell from 640 to 563. There is only one quarter during this time that there is any report of profits. On Oct 5, 1987, there is a report in Nations Restaurants News that Godfathers moved solidly into the black, the company said. There were no report after that of Godfathers making a profit and Pillsbury put it up for sale five months later.
PolitiFact failed to emphasize these important facts which would indicate how Cain really did in his promise to turn the company around for Pillsbury. Two years before Cain took over, Godfathers had fallen from third to fourth place in sales for U.S. Pizza Restaurants. Cain promised to bring it back to number three. When Pillsbury sold it to Cain and his management team, it had fallen from fourth to sixth place[iii]. Certainly no turnaround happened in the first two years that Cain took over. By the time he was forced to resign in 1995, Godfathers had fallen further to eight place [iv].
By selling the company to Cain for a fraction of what they had paid for it, Pillsbury was getting rid of both Godfathers and Cain.
An article published in Bloomberg Businessweek by Tim Jones got the story right. It came out on June 6, 2011[v], the same week that PolitiFact published its article. It noted that he closed 20 percent of the companys 640 restaurants and fired 300 to 400 people. Jones perceptively wrote, He is a politician, just one who hasnt held office. And like most politicians log cabin stories, Cains oft-told tale of how he rescued Godfathers is kind to its hero and notable for what it leaves out. He notes that Cain has not released details of the companys performance under his leadership and ends by correctly stating:
The bottom line: Though Cain says he would revive the economy as he did Godfathers Pizza, its not clear the chain improved much when he was CEO.
The facts point to the fact that PolitiFact should have reported that Cains statement that Godfathers was going bankrupt and he turned it around was mostly a lie, if not a complete lie.
Please ask reporters to demand that Cain release his profit and loss statements from the years he was managing Godfathers Pizzas.
Could it be that you don’t believe anything about Cain because you lie so often about the other candidates?
So in other words, let’s hide the candidate to keep him from tripping all over his tongue. Again.
Yeah, Obama has done all he can to shut our economy down.
He is trying to shut down coal fired power plants even as we speak.
I actually give safety training on Fatigue. I think this is a very wise move on his part, and it’s something that I would expect a wise person to do.
I work in Emergency Response. You can only run on adrenaline for so long before your body tells you it’s time to rest. You can either hit that wall, or you can get the necessary rest every day and be in it for the long haul.
The run to the White House is a marathon, not a sprint. He has been on a whirlwind for at least a month. He does need to dial it back, so that he can be in it for the long run.
Actually, I misspoke about Godfather’s They had 15% of market share under Cain.
On the schedule for today:
Participating in the West Alabama State Straw Poll
It's a damn shame when a Republican candidate has to live in constant fear of the MSM "gotcha" moment. He simply needs to stay within friendly territory and screw the alphabet media complex.
BTW I love the cigarette smoking commercial. Pure genius! Pure Cain!
Oh, and I don't believe he said it for a minute. lol
I love Mr Cains “Citizen Cain” ciggie ad, but he has not had to worry about “gotcha” moments from the media in the least.
Mr Cain has been on a media cakewalk.
This article is PURE Bovine Scattologies! This article is MUCH more accurate: http://www.nationalreview.com/articles/281564/cain-goes-big-robert-costa
I think he will do fewer national media interviews but step up his local appearances. A NRO article today says he plans to start doing town halls in NH and IA.
Hey, I've been worried, too. But it's Herman's campaign and he'll do it the way he wants. Hasn't worked out too bad so far.
Also on the schedule for today:
Giving the AFRW keynote address
5 Tranquility Base, Huntsville, Ala
And for Monday:
Speaking to the American Enterprise Institute
1150 17th St., N.W., Washington, D.C.
Speaking in the Holeman Lounge at the National Press Club
529 14th St. NW, Washington, D.C.
Did you know that if you stick your ear over a toilet bowl, you can actually hear the ocean?
That statement has more credibility than ANYTHING Politico or the AP will ever report. They are clearly enemies fighting against our country.
Having said all of that, if Cain is “dialing down” for any reason at this time, it could very well hurt him.
I want Cain to do good and keep doing good, but those who argue that he is somehow bulletproof, and continuously make excuses for him, insulting anyone that may be even the slightest bit critical of him, are doing Cain a disservice and they brand themselves as fools.
Cain is a very good, talented and well intended man. Cain seems to be a conservative and he is an easy man to like, but as for many of his rabid supporters-—not so much.
Third: I would vote for a ham sandwich over that corrupt, racist and filthy muslim bastard son of a communist whore. He may be “cleaned up”, he may even be “articulate”, but he is still a POS trying to deliberately destroy my country.
Fourth: I want to vote for a proud country loving AMERICAN.
His campaign said he was going to do fewer events in order to make sure he got more rest, in essence. He has been keeping a very challenging schedule (despite the LSM wailing that he’s “not serious”) and, with his poll results and name recognition levels achieved, why not start to pace himself better?
I doubt Cain said the reason was to avoid missteps. Although that’s basically the reason Perry gave for declining to do any more debates after this next one.
Personally, I don’t see anything with pacing yourself once you’ve gotten the game under control, but still have three quarters left to play.
We haven’t even held one primary yet. I don’t see this as the home stretch by any means.
I really don’t care what “they” say. It’s all yammering into the wind.