Stephen Cooper, who has previously restructured Enron and is chairman of the New York-based Kroll Zolfo Cooper, replaced Scott Livengood after the company finally bowed to pressure for a management shake-up. He will be joined by Steven Panagos, also from Kroll, who has been appointed president and chief operating officer.
Krispy Kreme is being investigated by the Securities and Exchange Commission over alleged misrepresentations in its accounts and is also the subject of shareholder lawsuits.
The company has already admitted that its 2004 pre-tax income figures may have to be restated by as much as £4.3m.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements