- 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."
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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.
Federal Reserve headquarters in Washington
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.