It’s okay to defend Palin, but don’t say incorrect things about Herman Cain. Godfather’s Pizza was on the verge of bankruptcy when he took over. I have yet to see where yearly pizza sales fell. As for Sarah Palin, she was a good governor, but it isn’t that hard to run surplusses with the oil money that rolls in.
As part of the restructuring--and prompted by takeover rumors--Pillsbury encouraged a leveraged buyout of Godfather's by a group of senior managers, led by President and CEO Herman Cain and Executive Vice-President and COO Ronald B. Gartlan. The purchase price was not disclosed, but was estimated by some analysts at $100 million. At that point, Godfather's ranked fifth in the pizza segment lineup, having slipped from its third place ranking in 1985. The chain continued to face considerable competitive challenges and reported that although most of the company-owned businesses were profitable, many of its 420 franchisees, which paid royalties to the parent company, were not. Cain told James Scarpa of Restaurant Business Magazine that Godfather's aim over the next several years was to move from fifth to fourth place in the ranking From 1985 until 1988 godfathers went from 3rd to fifth in sales under 2 years of Cain's management. It also took on $10's of millions in leveraged debt. also under Cain's management. I don't make up stuff. Cain "saved" godfather's pizza by cutting stores, decreasing sales and doing a leveraged buyout from Pillsbury. the leveraged debt was still outstanding as late as 1995 and was causing godfather's pizza to not be able to grow...
In Cain's own words:
He stated in a 1995 interview with Teresa Howard of Nation's Restaurant News, "My next goal is for Godfather's to reach its goal of financial independence." He further stated, in reference to the company's heavily leveraged debt, "I want to retire debt in order to allow us to grow the way we want to." as far as Gov Palin she did that budget miracle during the oil crash of $150 /bl down to $40/bl. Of 2008-2009