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Doug Ducey on Corporations

 

 


Former CEO of Cold Stone ice cream franchise

Most major business groups are not endorsing in the primary. That is mostly because there are supporters of Smith, Ducey as well as Arizona Secretary of State Ken Bennett and former GoDaddy general counsel Christine Jones on the boards of chambers of commerce and industry associations.

Ducey served as CEO and principal of the Scottsdale-based ice cream franchise business between 1996 to 2007. Between 2001 and 2011, 42% of Cold Stone franchises receiving Small Business Administration loans defaulted. Kahala Corp. acquired Cold Stone in 2008.

Ducey has very much hung his gubernatorial hat on his Cold Stone tenure. [His opponent] wants to put a dent in Ducey's Cold Stone credentials. "Mr. Ducey has so far shared only half-truths about a venture that included failures, lawsuits, allegations of misdeeds and taxpayer subsidies," Smith said.

Source: Phoenix Business Journal: 2014 Arizona gubernatorial debate , Aug 6, 2014

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Page last updated: Feb 02, 2021