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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ US https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Herman Cain says she passed on Trump's Federal Reserve offer because the $ 183,100 salary was too low

Herman Cain says she passed on Trump's Federal Reserve offer because the $ 183,100 salary was too low



  • Godfather's Pizza CEO and former Federal Reserve's Board of Governors nominee Herman Cain said that he had his salary from $ 183,100 annual salary.
  • According to financial disclosures from Cain's failed 2012 US presidential campaign, the pizza chain mogul's net worth was reportedly around $ 2.8 million to $ 6.4 million.
  • "I would have to let go of most of my business interests," said Cain in an opinion column on Monday. "I could not serve any boards. I could not do any paid speeches."
  • Visit BusinessInsider.com for more stories.

Godfather's Pizza CEO and former Federal Reserve's Board of Governors nominee Herman Cain said he withdrew his name

"I would have to let go of most of my business interests," Cain said in an opinion column on the right-wing blog site Western Journal. "I could not serve on any boards. I could not do any paid speeches. I could not use any of capitalism, host my radio show or make appearances on Fox Business." let's just say I'm pretty confident that if you're boss you take a similar pay cut, you'd tell him where to go, "he added.

According to financial disclosures from Cain's failed 2012 US presidential campaign, the pizza chain had a net worth of between $ 2.8 million and $ 6.4 million, the Wall Street Journal reported on Monday.

President Donald Trump announced earlier in April that he planned to nominate Cain to the board after an interview

"He's a very terrific man, a terrific person," Trump said of Cain at the time.

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Federal Reserve headquarters in Washington

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A Federal Reserve Police Officer keeps watch while posted outside the Federal Rese rve headquarters in Washington, September 16, 2015. The Federal Reserve, facing this week's biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether it waits or raises interest rates for the first time in nearly a decade . REUTERS / Kevin Lamarque

The Federal Reserve headlines the Federal Reserve headquarters in Washington September 16, 2015. The Federal Reserve, this week's biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether it waits or raises interest rates for the first time in nearly a decade. REUTERS / Kevin Lamarque

federal reserve building in …

The Federal Reserve headquartered in Washington, September 16, 2015. The Federal Reserve, this week's biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether the rates or raises interest rates for the first time in nearly a decade. REUTERS / Kevin Lamarque

The Federal Reserve headquarters in Washington September 16 2015. The Federal Reserve, facing this week's biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether it waits or raises interest rates for the first time in nearly a decade. REUTERS / Kevin Lamarque

The Federal Reserve headquarters in Washington September 16 2015. The Federal Reserve, facing this week's biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether it waits or raises interest rates for the first time in nearly a decade. REUTERS / Kevin Lamarque




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Cain's nomination was with with widespread criticism. The executive was accused of sexual misconduct dating back to the 1990s from multiple women, The Washington Post reported in 2011. The National Restaurant Association's board, which was a member, paid settlements in response to two of the allegations, according to The New The York Times

Some Republican lawmakers who would have voted for his nomination questioned his fitness for the board.

"The Dakota Sen. Kevin Cramer said. "I'm not talking about his position on interest rates or anything like that, but the sexual harassment stuff. Until it's better explained I couldn't vote for him." scrutiny surrounding the confirmation process. In an opinion column published in The Journal last week, Cain claimed his "voice was needed at the Fed." Cain said in the Western Journal. "I was convinced I could make a positive difference for better growth and monetary policies."

Trump announced that Cain with the nomination process on Monday.


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