It has to do with the difference between gross sales and net profit. When Cain took over Godfathers, it was bleeding 8 million dollars/year in net losses. After Cain turned it around, it was showing a 2 million dollar/year net profit. One of the things he did was to close about half the stores that were responsible for most of the losses. So, yes, it was the 5th largest in gross sales, and it went to the 11th largest; while going from an 8 million dollar loss to a 2 million dollar profit. (Just as a side note, he managed to close half the stores while cutting staff by only 20%. Quite remarkable, really.) He turned a bloated, dying corporation into a lean mean fighting machine.
I think that type of turnaround talent, when applied to the bloated bleeding carcass of our Federal Government and its many unnecessary departmental bureaucracies, is just what we need if we’re to have any chance of not ending up in the dust heap of history.
CharlesWayneCT, this is what I was referring to in my earlier post to you:
It has to do with the difference between gross sales and net profit. When Cain took over Godfathers, it was bleeding 8 million dollars/year in net losses. After Cain turned it around, it was showing a 2 million dollar/year net profit.
One of the things he did was to close about half the stores that were responsible for most of the losses. So, yes, it was the 5th largest in gross sales, and it went to the 11th largest; while going from an 8 million dollar loss to a 2 million dollar profit.
(Just as a side note, he managed to close half the stores while cutting staff by only 20%. Quite remarkable, really.) He turned a bloated, dying corporation into a lean mean fighting machine.
1,247 posted on Saturday, November 05, 2011 10:40:45 PM by lonevoice