corporate buzz

Living Good in Retirement

Yahoo!/AP: Krispy Kreme Board Ousts Top Executive. Krispy Kreme Doughnuts Inc. board of directors ousted its top executive on Tuesday and replaced him with a turnaround specialist it hopes can save another company beset by allegations of corporate deceit.

“Ousts” is a pretty harsh term, especially if you read the Consulting Agreement between Krispy Kreme Doughnuts and Scott Livengood, dated January 18, 2005. According to the agreement, Mr. Livengood “retired” from Krispy Kreme Doughnuts and will now serve a renewable six-month term as a consultant for…$45,833.34 per month.

One reply on “Living Good in Retirement”

Greatly appreciated the example of a global services partnership I found on the site and wanted to contact the source (the sample was between BearingPoint and SAP). With whom shall I seek correspondence?

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