Herman Cain,former CEO of Godfather’s Pizza and onetime Republican presidential candidate has died from coronavirus according to an obituary from his twitter account. He had been hospitalized at an Atlanta-area hospital on July 1, 2020.
— Herman Cain (@THEHermanCain) July 30, 2020
— Herman Cain (@THEHermanCain) June 20, 2020
Cain left the navy and began working for The Coca-Cola Company in Atlanta, as a computer systems analyst. In 1977, he moved to Minneapolis to join Pillsbury,soon becoming director of business analysis in its restaurant and foods group in 1978.
In the 1980s when Burger King was a Pillsbury subsidiary,Cain was assigned to analyze and manage 400 Burger King stores in the Philadelphia area. His success at Burger King prompted Pillsbury to appoint him president and CEO of another subsidiary, Godfather’s Pizza.
Under his leadership, Godfather’s closed approximately 200 restaurants and eliminated several thousand jobs, and by doing so returned to profitability. In a leveraged buyout in 1988, Cain, executive vice president and COO Ronald B. Gartlan, and a group of investors bought Godfather’s from Pillsbury.He left Godfathers Pizza in 1996.
Cain became a member of the board of directors of the Federal Reserve Bank of Kansas City in 1992 serving as its deputy chairman from January 1, 1992, to December 31, 1994, and then as its chairman until August 19, 1996, when he resigned to become active in national politics.
In 1994, as president-elect of the National Restaurant Association, Cain challenged President Bill Clinton on the costs of the employer mandate contained within the Health Security Act and criticized the effect on small businesses.
Kemp was impressed with Cain’s performance and appointed him to the Kemp Commission in 1995. In 1996,he became the senior economic adviser to the Bob Dole presidential campaign.
Cain briefly ran for the Republican presidential nomination in 2000.However,after ending his own campaign, he endorsed Steve Forbes.
In 2004 Cain ran for the U.S. Senate in Georgia and did not win in the primaries. Cain sought the Republican nomination, facing congressmen Johnny Isakson and Mac Collins in the primary.He finished second with 26.2% of the vote, ahead of Collins, who won 20.6%, but because Isakson won 53.2% of the vote, Isakson was able to avoid a runoff.
Cain announced his candidacy for president in 2011. He briefly gained traction in the race for his 9-9-9 tax reform plan, which would have replaced almost all current taxes with a 9% income tax, a 9% corporate tax and a 9% national sales tax. After about seven months, he dropped his bid for the GOP nomination amid sexual harassment allegations–by four women two of whom came forward publicly,Sharon Bialek and Karen Kraushaar and a alleged 13 year affair with a woman named Ginger White–which he denied.