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
Sarah Palin was an excellent governor, but 64% of Americans say they won’t vote for her. Granted, I’m sure the poll is rigged to some degree, but unless 70% of those polled were dems, it’s a very bad sign. Defeating Obama is much more important than any one person getting elected. Although, we can’t vote for someone only because they seem more electable. That kind of thinking got us McCain. The poll I mentioned had Romney as the only Republican who would defeat Obama, and at this exact moment that’s probably true, but we all know how easy it would be to pick Romney apart. Between Romneycare and his flip-flopping, the dems would have a field day with him. Dateline and 20/20 would also do stories on the bizarre goings on in the mormon church.