The value slide of GFP during Pillsbury ownership could be due to their monilithic management style, to which Cain knew could work better under different management style.
Pillsbury buying for 300 and selling for 30 could also be reminicent of something I saw take palce in the gold fields.
A giant gold miner in Nevada had a couple of their geologists survey and assay a nearby property. The Geologists reported back that “no paying amounts found” and the giant miner dropped it. Short time later both Geologists partnered with another smaller mining company to open a mine on the very same property, which is still producing much better than they had advised the giant.
Note to self, Proofread and Spell Check, then post.