xxgrooveericxx Posted January 28 Report Share Posted January 28 NUTS!!!http://channels.aimtoday.com/pf/story.jsp?idq=/ff/story/0002/20050124/2145173273.htmKrispy Kreme to pay new CEO hourly rate of $760LOS ANGELES, Jan 24 (Reuters) - Struggling doughnut chain operator Krispy Kreme Doughnuts Inc. said on Monday it will pay its new chief executive, Stephen Cooper, the standard hourly rate of $760 charged by his financial consulting group. Krispy Kreme last week replaced former CEO Scott Livengood with Cooper, who is chairman of Kroll Zolfo Cooper LLC and most recently oversaw the dismantling of scandal-ridden Enron Corp. The company also said in a regulatory filing it will pay Steven Panagos, its new president and chief operating officer, at the hourly rate of $695. Panagos is the head of Kroll Zolfo's restructuring practice. Krispy Kreme will also reimburse Kroll Zolfo for "reasonable out-of-pocket expenses" and is in the process of negotiating a "success fee" with the firm. Krispy Kreme, which is based in Winston-Salem, North Carolina, in May blamed the low-carb diet craze for slowing doughnut sales and has since become the target of a U.S. Securities and Exchange Commission probe of its accounting and shareholder lawsuits charging it made false statements about its business. The company is also in the midst of restating 2004 financial reports due to errors in how it accounted for repurchases of franchises. Last week, Krispy Kreme said its lenders agreed to defer until Monday the date on which it would be declared in default of its credit agreement because of its failure to file its most recent financial statements with regulators. Quote Link to comment Share on other sites More sharing options...
Bling Posted January 28 Report Share Posted January 28 mmmmmmmmmmmmmm philippio 1 Quote Link to comment Share on other sites More sharing options...
lyrik Posted January 28 Report Share Posted January 28 A little over 1.5 million if you base it on a 40 hour work week and for 52 weeks of the year...not so bad. Quote Link to comment Share on other sites More sharing options...
philippio Posted January 28 Report Share Posted January 28 "One hundred billion dollars!" xxgrooveericxx 1 Quote Link to comment Share on other sites More sharing options...
digitalphoenix Posted January 29 Report Share Posted January 29 What a job:To make lard-asses BIGGER lard-asses.America is beautiful. Quote Link to comment Share on other sites More sharing options...
funketeer Posted January 29 Report Share Posted January 29 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.