'Job Creator' Herman Cain And Board Laid Off 4,000 Workers At Whirlpool

Herman Cain, who has made job creation a signature issue, was on the board of Whirlpool when the company engaged in a pattern of layoffs, outsourcing and the cutting of retiree benefits, all while accepting government subsidies and paying little

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Herman Cain, who has made job creation a signature issue, was on the board of Whirlpool when the company engaged in a pattern of layoffs, outsourcing and the cutting of retiree benefits, all while accepting government subsidies and paying little to no taxes. Cain has made it clear that he doesn't understand jobs and the economy and has surrounded himself with people who don't know more than he does, but the Whirlpool example goes beyond a lack of understanding into an assault on American workers.

http://www.outsaurus.com/2011/11/04/outsourced-whirlpool/

Between 2008 and 2010, Whirlpool paid no federal taxes, despite sales of over $18 billion. In 2010, the company reported an effective tax rate of -10.9 percent. And the company continued to lay workers off and outsource their jobs after receiving $19 million in stimulus funds.

Cain joined the Whirlpool board of directors in 1992 and received payment for his work there as late as 2010. His compensation from Whirlpool ranged from $166,000 to $190,000 a year.

About Kenneth Quinnell

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