Juice and Donuts

Plagued by falling sales and unable to borrow money, Krispy
Kreme Doughnuts announced today the retirement of its chief executive and hired as
his successor a specialist in corporate reorganizations who is already
running the Enron Corporation.

The new boss, Stephen F. Cooper, has a history of working with companies
that enter bankruptcy protection and reorganize their debts, but in an
interview this evening he voiced confidence that Krispy Kreme would be
different.

"Keeping in mind that I have only been here for eight hours, it looks to
me that the company has a reasonable level of free cash flow, so I see no reason
why this should be a bankruptcy candidate," he said.

He figured that all out in just 8 hours? No wonder he’s running Enron,
too….

from the New York Times