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<blockquote data-quote="robjoy" data-source="post: 845717" data-attributes="member: 1602"><p>In 1973 Godfather's was founded in Omaha, Nebraska. While operating under the ownership of Diversified Foods Inc., a period of rapid growth ensued. The Pillsbury Company bought Godfather's and operated it as a subsidiary in 1977. From 1977 until its peak in 1984 with annual sales of $365 million. </p><p></p><p>Following that growth period, intense competition within the pizza business and the failure of many of its stores to open in prime locations resulted in declining sales and profits. In 1986 Pillsbury appointed Herman Cain, an employee of Pillsbury Company since 1977, as the new Godfather's president. Cain had earned an impressive reputation previously with the Burger King restaurant chain division in the Philadelphia region. Godfather's Pizza under his management showed profits for the first time in three years, according to Stephen Madden of Fortune. </p><p></p><p>In January of 1988 Pillsbury announced that, because of weakening corporate profits went through a restructuring phase. 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. </p><p></p><p> In 1994 Herman Cain became the 73rd president of the National Restaurant Association (NRA). His CEO duties were handed over to President Ron Gartlan. </p><p></p><p>So Herman Cain was not in charge of Godfather's pizza from 1994 to 2002.</p><p></p><p>And Pillsbury Company bought Godfather's Pizza in 1977 not 1985.</p><p></p><p>So get you facts right before posting inaccurate information.</p></blockquote><p></p>
[QUOTE="robjoy, post: 845717, member: 1602"] In 1973 Godfather's was founded in Omaha, Nebraska. While operating under the ownership of Diversified Foods Inc., a period of rapid growth ensued. The Pillsbury Company bought Godfather's and operated it as a subsidiary in 1977. From 1977 until its peak in 1984 with annual sales of $365 million. Following that growth period, intense competition within the pizza business and the failure of many of its stores to open in prime locations resulted in declining sales and profits. In 1986 Pillsbury appointed Herman Cain, an employee of Pillsbury Company since 1977, as the new Godfather's president. Cain had earned an impressive reputation previously with the Burger King restaurant chain division in the Philadelphia region. Godfather's Pizza under his management showed profits for the first time in three years, according to Stephen Madden of Fortune. In January of 1988 Pillsbury announced that, because of weakening corporate profits went through a restructuring phase. 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. In 1994 Herman Cain became the 73rd president of the National Restaurant Association (NRA). His CEO duties were handed over to President Ron Gartlan. So Herman Cain was not in charge of Godfather's pizza from 1994 to 2002. And Pillsbury Company bought Godfather's Pizza in 1977 not 1985. So get you facts right before posting inaccurate information. [/QUOTE]
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