This is a rush transcript from "On the Record," October 31, 2011. This copy may not be in its final form and may be updated.
GRETA VAN SUSTEREN, FOX NEWS HOST: Tonight, did Mr. Herman Cain sexually harass two co-workers or not? Here's Mr. Herman Cain.
VAN SUSTEREN: Mr. Cain, nice to see you, sir.
HERMAN CAIN, GOP PRESIDENTIAL CANDIDATE: Thank you, Greta.
VAN SUSTEREN: All right, well, I think you probably noticed that you've stirred up a little bit of controversy, your campaign.
CAIN: Some anonymous ladies have stirred up a controversy with respect to these false claims of sexual harassment.
VAN SUSTEREN: All right, well, let me see if I understand the story. I want to get all the background first.
VAN SUSTEREN: When were you at the National Restaurant Association, what years?
CAIN: I was at the National Restaurant Association from 1996, December, through the middle of 1999, two-and-a-half years.
VAN SUSTEREN: Why did you leave?
CAIN: I left because when I went there, I made the commitment to the board of directors that I only wanted to be there two to three years. I did not want to be a career association executive. So it was exactly two- and-a-half years that I decided to leave because I was off, wanting to do other things, starting my own business, the New Voice.
VAN SUSTEREN: All right. So that I understand, it was Godfather Pizza -- was that a member of the restaurant association? I mean, is this, like -- I mean, who are the typical members?
CAIN: Yes. Most of the restaurant chains in America, most of the independent restaurant owners in America belong to the restaurant association. Not 100 percent, but a large percentage of them, they are members of the restaurant association. All of the big companies are members. Godfather's was and still is a member of the National Restaurant Association. So we have members all the way from a single restaurant owner anywhere in America all the way up to a major chain like McDonald's.
VAN SUSTEREN: All right, so the -- it's an organization -- is it located here in Washington? Is it a lobbying organization for Capitol Hill, one of its purposes?
CAIN: Yes. The National Restaurant Association is headquartered here in Washington, D.C., and its mission, quite simply, is to represent the industry -- and we do have a lobbying arm of it -- educate the public and educate members and provide educational materials, and promote the restaurant industry. That's what it is all about. And Yes, it's located here in Washington, D.C.
VAN SUSTEREN: When you were the head of it for those two-and-a-half years, about how many employees here in Washington?
CAIN: About 150.
VAN SUSTEREN: All right.
CAIN: And we also had our educational foundation, which also reported to me, about 150 people located in Chicago. And we also had our convention staff in Chicago because each year, the National Restaurant Show was held in Chicago.
VAN SUSTEREN: All right. Now, there is a woman who claimed you harassed her, sexually harassed her, right?
VAN SUSTEREN: All right. Now, did she work here or in Chicago?
CAIN: The one that I am familiar with worked here in the Washington office. And I can't even remember her name because she had not been a long-term employee. But I do remember the formal allegations she made in terms of sexual harassment.
I have never sexually harassed anybody in my life. And this formal charge was made. And then once it was made, I recused myself and turned it over to my general counsel and one of the other executives that worked for me, the lady in charge of human resources, and asked them to investigate. And they did.
The charge was filed. They did investigate. It was found to be baseless. And yes, there was some sort of settlement or termination, and I don't even know what the contents of that was. Since it was found baseless, there was no big settlement or it would have had to have come to me.
VAN SUSTEREN: All right. What was her job?
CAIN: She worked in one of our departments. It was -- she was -- she was a writer. She was in the communications area.
VAN SUSTEREN: How often on a, like, weekly basis did you come in contact with her?
CAIN: Not very much because...
VAN SUSTEREN: What's "not very much"?
CAIN: Meaning I might see her in the office because her office was on the same floor as my office. But her boss was also there. I would go down and see her boss, and her boss would come and see me because he had an office on the same floor. So I would say that maybe if I'm in the office and not out speaking to the 560 states -- because I spent a lot of time speaking to restaurant associations, state restaurant associations, so I was out of the office an awful a lot during that two-and-a-half years.
VAN SUSTEREN: Did she travel at all with you?
CAIN: No. She didn't...
VAN SUSTEREN: Never?
CAIN: Never. No. No. Never did travel with me.
VAN SUSTEREN: About how old was she in the mid-'90s?
CAIN: I'm not real sure of her age. In the mid-'90s, I was about 55 years of age. I can't recall. She was younger than I was, I do know that, but I really can't recall.