Did Gonzo get a new job?

TheEnforcer · 01-25-2005

http://news.yahoo.com/news?tmpl=story&cid=...eme_2&printer=1

Krispy Kreme to Pay New CEO $760 an Hour

Mon Jan 24, 6:35 PM ET

WINSTON-SALEM, N.C. - Krispy Kreme Doughnuts Inc.'s new chief executive — the turnaround specialist who led Enron Corp. for almost three years — will be paid $760 an hour, plus expenses, the company said Monday.

The Winston-Salem-based company last week forced out longtime CEO Scott Livengood and turned to Stephen F. Cooper to try to reverse problems that include sinking profits, a federal securities probe and allegations of corporate deceit.

If Cooper reverses Krispy Kreme's fortunes, his firm will be paid a "success fee" that is now being negotiated, the doughnut chain said in a filing with the Securities and Exchange Commission (news - web sites). Krispy Kreme did not define terms that would lead to that fee being paid.

Cooper, 58, is head of Kroll Zolfo Cooper LLC, the corporate recovery and advisory firm Krispy Kreme retained as its financial adviser and interim management consultant. Cooper has about 30 years of experience in rehabilitating troubled businesses, including Polaroid Corp., TWA, and Malden Mills Industries.

Cooper's partner at Kroll Zolfo Cooper, Stephen Panagos, 43, will be paid $695 an hour as president of Krispy Kreme, the company said.

The hourly rates are subject to adjustment semiannually and don't include reimbursement for "reasonable out-of-pocket expenses," Krispy Kreme said.

Cooper will remain as interim CEO of Enron and has said he plans to spend about half his time on Krispy Kreme.

Company shares fell 29 cents to close at $8.75 Monday on the New York Stock Exchange (news - web sites), 10 cents above their 52-week low and down from $39.99 last year.
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If it isn't Gonzo I hope he's a FFN member!!

Forest · 01-25-2005

Gonzo for PRESIDENT '08

gonzo · 01-25-2005

Those fucks said Id eat all the profits!

JR · 01-25-2005

Two of the best business books on building a successful and enduring company "Built To Last" and "Good to Great" have a lot to say about these types of moves. "Turn around" is short term, usually is nothing more than slashing costs/expenses to make the books look better and these companies almost always fall on their asses again in 5-10 years.

not only that, you can imagine what personal values and accounting skills that someone from Enron will bring.

TheEnforcer · 01-25-2005

Quote:

Originally posted by gonzo@Jan 25 2005, 11:53 AM
Those fucks said Id eat all the profits!

Hehehehe!!

I think I would too!

$760/hour isn't bad scratch though!! LOL

JoesHO · 01-25-2005

Damn, I knew there was money in doughnuts... I am gonna spank my mom and dad next time I see them for discouraging my dreams as a young boy!!!!!

Peaches · 01-25-2005

Quote:

Originally posted by JoesHO1@Jan 25 2005, 02:52 PM
Damn, I knew there was money in doughnuts... I am gonna spank my mom and dad next time I see them for discouraging my dreams as a young boy!!!!!

There's a place near where we're staying in Biloxi that has potato based doughnuts that are SUPPOSED to be better than Krispy Kreme. I will report back

Raven · 01-25-2005

How do you lose money on doughnuts.

Didn't I also read somewhere that Dunkin' Donuts was in trouble?

What am I missing here?

And, when I first read about Gonzo's new job, I thought he was lap dancing again.

SykkBoy · 01-25-2005

just buy a machine and make your own donuts

http://www.minidonuts.com/odeitemsforsale.asp

01-25-2005	#2
Forest FFN PERSONAL TRAINER $100 for every ImLive sign-up Join Date: Dec 2002 Location: N. Miami Posts: 4,622	Gonzo for PRESIDENT '08 __________________ Need design work done? CLICK the SIG! 118156620-icq Forest AT silverclouddesign.com

01-25-2005	#3
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Those fucks said Id eat all the profits! __________________ We are putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." "Never try and be like anyone else" - Hunter S. Thompson "The truth is the truth no matter how you try and package a lie" - Shellee Hale

01-25-2005	#4
JR Members The global leader in pay-per-view AEBN Join Date: Jan 2003 Location: in my chair Posts: 3,320	Two of the best business books on building a successful and enduring company "Built To Last" and "Good to Great" have a lot to say about these types of moves. "Turn around" is short term, usually is nothing more than slashing costs/expenses to make the books look better and these companies almost always fall on their asses again in 5-10 years. not only that, you can imagine what personal values and accounting skills that someone from Enron will bring. __________________

01-25-2005	#6
JoesHO Members Want to see your own Advertising Here! Join Date: Jan 2004 Posts: 5,085	Damn, I knew there was money in doughnuts... I am gonna spank my mom and dad next time I see them for discouraging my dreams as a young boy!!!!! __________________ AEBN THE GLOBAL LEADER IN ADULT EVOLUTION something FIT this way comes!

01-25-2005	#8
Raven Internet Annoyance Join Date: Dec 2002 Location: Washington State Posts: 575	How do you lose money on doughnuts. Didn't I also read somewhere that Dunkin' Donuts was in trouble? What am I missing here? And, when I first read about Gonzo's new job, I thought he was lap dancing again. __________________ Raven If You'd Just Do It My Way, Your Life Would Be Better 27331641 Celeb Traffic? Go here: RevshareRewards

01-25-2005	#1
TheEnforcer Scored VIP to Anton's Piss Tank Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 8,781	http://news.yahoo.com/news?tmpl=story&cid=...eme_2&printer=1 Krispy Kreme to Pay New CEO $760 an Hour Mon Jan 24, 6:35 PM ET WINSTON-SALEM, N.C. - Krispy Kreme Doughnuts Inc.'s new chief executive — the turnaround specialist who led Enron Corp. for almost three years — will be paid $760 an hour, plus expenses, the company said Monday. The Winston-Salem-based company last week forced out longtime CEO Scott Livengood and turned to Stephen F. Cooper to try to reverse problems that include sinking profits, a federal securities probe and allegations of corporate deceit. If Cooper reverses Krispy Kreme's fortunes, his firm will be paid a "success fee" that is now being negotiated, the doughnut chain said in a filing with the Securities and Exchange Commission (news - web sites). Krispy Kreme did not define terms that would lead to that fee being paid. Cooper, 58, is head of Kroll Zolfo Cooper LLC, the corporate recovery and advisory firm Krispy Kreme retained as its financial adviser and interim management consultant. Cooper has about 30 years of experience in rehabilitating troubled businesses, including Polaroid Corp., TWA, and Malden Mills Industries. Cooper's partner at Kroll Zolfo Cooper, Stephen Panagos, 43, will be paid $695 an hour as president of Krispy Kreme, the company said. The hourly rates are subject to adjustment semiannually and don't include reimbursement for "reasonable out-of-pocket expenses," Krispy Kreme said. Cooper will remain as interim CEO of Enron and has said he plans to spend about half his time on Krispy Kreme. Company shares fell 29 cents to close at $8.75 Monday on the New York Stock Exchange (news - web sites), 10 cents above their 52-week low and down from $39.99 last year. ================================================== === If it isn't Gonzo I hope he's a FFN member!!

01-25-2005	#9
SykkBoy Polishing the Chrome on Bishops Motorcycle $100 for every ImLive sign-up Join Date: Oct 2002 Location: Hell: Bowels : Level 9 Posts: 4,153	just buy a machine and make your own donuts http://www.minidonuts.com/odeitemsforsale.asp __________________ ADULT PAYMASTER - All Site Access - Paying $70 October 5th! "Love your enemies...just in case your friends turn out to be bastards." - unknown