Monday, November 14, 2005
My New Company
I. I have always dreamed of my own donut store. All the sprinkles are mine! I would not really want to franchise the store so I think a sole proprietorship is probably best. I will be starting this business by myself and have seen many of my friends' families starting up their own restaurants and food service businesses so I imagine it can't be too difficult.
II. I didn't want to find any attorney to represent my business because they are all swine! But I figured if I did have to find an attorney he should have a last name the same as mine. Then maybe I could at least trick myself into thinking he was family even if he wasn't. It turned out the only he who was distantly related to me, even if only by name was a she! That's fine too though, because I rather like the powersuit look. The lawyer I found was listed in findlaw.com and her name is Gail M. Inaba.
http://pview.findlaw.com/view/2730264_1?channel=LP
She is a Business Lawyer and is represented by J.P. Morgan & Chase from New York.
III. I have always loved Krispy Kreme, so I did some research on their business model to see if I could find some good tips on how to conquer the donut industry! I found some very good info at Yahoo Finance.
http://finance.yahoo.com/q?s=kkd
A. Although there are many banks and wealthy private interests who own Krispy Kreme, it looks like they have no parent company or subsidiaries.
B. The founder, Vernon Rudolph, purchased a secret recipe (although company mythology tells a story whereby Rudolph won the recipe from a New Orleans baker in a west Kentucky poker game) for yeast-raised doughnuts and began selling them to local grocery stores in Winston-Salem in 1937. Because of customer demand, he began selling them directly from his bakery to customers. The first Krispy Kreme store was located on South Main Street in Winston-Salem in what is now called historic Old Salem.
By the 1960s it was well known throughout the southeastern United States, and began to expand across the entire country.
In 1976, Krispy Kreme Doughnut Corporation became a wholly owned subsidiary of Beatrice Foods Company of Chicago, Illinois. The headquarters for Krispy Kreme remained in Winston-Salem.
A group of franchisees purchased back the corporation from Beatrice Foods in 1982.
Krispy Kreme began another phase of rapid expansion in the 1990s, opening stores outside the southeast United States where most of their stores were located. Then, in December 2001, Krispy Kreme opened its first store outside the U.S. in Mississauga, Ontario, Canada, just outside Toronto. As of 2005, Krispy Kreme has further expanded its international doughnut sales throughout Canada and to locations in Mexico, the United Kingdom, Australia, and South Korea.
On April 5, 2000, the corporation went public on the NASDAQ using the ticker symbol KREM. On May 17, 2001, Krispy Kreme switched to the New York Stock Exchange, with the ticker symbol KKD, which is its current symbol.
On January 18, 2005, Krispy Kreme announced Stephen Cooper, chairman of financial consulting group Kroll Zolfo Cooper LLC, as interim CEO. Cooper replaces Scott Livengood, who the company said has retired as chairman, president, CEO and a director. The company also named Steven Panagos, a managing director of Kroll Zolfo, as president and COO.
On April 15, 2005, KremeKo, the company responsible for bringing Krispy Kreme to Canada, filed for bankruptcy. Seven weeks later, after closing more stores and being charged with violating the Occupational Health and Safety Act, its assets went up for sale. KremeKo is attempting to re-structure to remain in business in Canada.
On June 3, 2005, National Doughnut Day in the US, participating franchises gave away free doughnuts. One free doughnut was given to each customer in recognition of the often-ignored holiday.
http://en.wikipedia.org/wiki/Krispy_Kreme
C. Here are their SEC Filing from Yahoo Finance:
http://biz.yahoo.com/e/051103/kkd8-k.html
And the company profile from Yahoo Finance:
http://biz.yahoo.com/ic/53/53559.html
D. Here are two articles about the company. The first is about how Krispy Kreme is buying troubled franchises in Canada:
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh44102_2005-11-14_22-57-02_n14436205_newsml
The second is about rising shares in Krispy Kreme stock:
http://biz.yahoo.com/ap/051103/krispy_kreme_debt.html?.v=2
E. Examples: Krispy Kreme, Dunkin Brands Inc., Winchell's Donut Houses.
II. I didn't want to find any attorney to represent my business because they are all swine! But I figured if I did have to find an attorney he should have a last name the same as mine. Then maybe I could at least trick myself into thinking he was family even if he wasn't. It turned out the only he who was distantly related to me, even if only by name was a she! That's fine too though, because I rather like the powersuit look. The lawyer I found was listed in findlaw.com and her name is Gail M. Inaba.
http://pview.findlaw.com/view/2730264_1?channel=LP
She is a Business Lawyer and is represented by J.P. Morgan & Chase from New York.
III. I have always loved Krispy Kreme, so I did some research on their business model to see if I could find some good tips on how to conquer the donut industry! I found some very good info at Yahoo Finance.
http://finance.yahoo.com/q?s=kkd
A. Although there are many banks and wealthy private interests who own Krispy Kreme, it looks like they have no parent company or subsidiaries.
B. The founder, Vernon Rudolph, purchased a secret recipe (although company mythology tells a story whereby Rudolph won the recipe from a New Orleans baker in a west Kentucky poker game) for yeast-raised doughnuts and began selling them to local grocery stores in Winston-Salem in 1937. Because of customer demand, he began selling them directly from his bakery to customers. The first Krispy Kreme store was located on South Main Street in Winston-Salem in what is now called historic Old Salem.
By the 1960s it was well known throughout the southeastern United States, and began to expand across the entire country.
In 1976, Krispy Kreme Doughnut Corporation became a wholly owned subsidiary of Beatrice Foods Company of Chicago, Illinois. The headquarters for Krispy Kreme remained in Winston-Salem.
A group of franchisees purchased back the corporation from Beatrice Foods in 1982.
Krispy Kreme began another phase of rapid expansion in the 1990s, opening stores outside the southeast United States where most of their stores were located. Then, in December 2001, Krispy Kreme opened its first store outside the U.S. in Mississauga, Ontario, Canada, just outside Toronto. As of 2005, Krispy Kreme has further expanded its international doughnut sales throughout Canada and to locations in Mexico, the United Kingdom, Australia, and South Korea.
On April 5, 2000, the corporation went public on the NASDAQ using the ticker symbol KREM. On May 17, 2001, Krispy Kreme switched to the New York Stock Exchange, with the ticker symbol KKD, which is its current symbol.
On January 18, 2005, Krispy Kreme announced Stephen Cooper, chairman of financial consulting group Kroll Zolfo Cooper LLC, as interim CEO. Cooper replaces Scott Livengood, who the company said has retired as chairman, president, CEO and a director. The company also named Steven Panagos, a managing director of Kroll Zolfo, as president and COO.
On April 15, 2005, KremeKo, the company responsible for bringing Krispy Kreme to Canada, filed for bankruptcy. Seven weeks later, after closing more stores and being charged with violating the Occupational Health and Safety Act, its assets went up for sale. KremeKo is attempting to re-structure to remain in business in Canada.
On June 3, 2005, National Doughnut Day in the US, participating franchises gave away free doughnuts. One free doughnut was given to each customer in recognition of the often-ignored holiday.
http://en.wikipedia.org/wiki/Krispy_Kreme
C. Here are their SEC Filing from Yahoo Finance:
http://biz.yahoo.com/e/051103/kkd8-k.html
And the company profile from Yahoo Finance:
http://biz.yahoo.com/ic/53/53559.html
D. Here are two articles about the company. The first is about how Krispy Kreme is buying troubled franchises in Canada:
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh44102_2005-11-14_22-57-02_n14436205_newsml
The second is about rising shares in Krispy Kreme stock:
http://biz.yahoo.com/ap/051103/krispy_kreme_debt.html?.v=2
E. Examples: Krispy Kreme, Dunkin Brands Inc., Winchell's Donut Houses.
Monday, November 07, 2005
Part II of Library Assignment
Grant Inaba
11/7/05
LIBR 58A
BROWN
Information Search
II. Information Search:
1. Who is Michelle Duggar of Arkansas? Why is she in the news?
Michelle Duggar is the wife of Jim Bob Duggar, former Arkansas state legislator, and mother of 16 children. Apparently, they are Christians also. I am not sure why they are in the news except for the fact that they are continuing to procreate at a remarkable rate and something of small town celebrities in the state of Arkansas. Upon giving birth to her 15th child, Mrs. Duggar was awarded the Arkansas Young Mother of the Year award. At the last report on October 14, 2005 when she had her 16th baby, MSNBC reported that she plans to have more children.
“And Baby makes 18…?” MSNBC. 14 October 2004. 6 February 2005.
<http://www.msnbc.msn.com/id/9680098/>
2.(B) In some circles it is said that Bush placed Miers on the nomination plate first knowing that she would not make it to the confirmation level and that he is now going to put forward his real nominee. How do you feel about that statement?
I think President Bush is a very determined individual and when he decides to do something he makes arrangements to go about doing it no matter what anyone says. Having said this I believe he did nominate Harriet Miers in honesty. Furthermore, I believe the President also is a person that likes to hold his friends close to him and have faith that he can give them the confidence to do the job even if they are not qualified. This is the typical handiwork of an unexperienced businessman but a necessary step in order to discover the exceptional individuals and their exceptional qualities. Honestly, I believe that Bush could have found a better candidate, but Miers was probably the only lawyer he knew and trusted.
3. Fresno, California has the highest concentration of residents in extremely poor neighborhoods (study released by the Brookings Institution). What are some solutions to dissolve pockets of poverty? Why is it said that the rich and poor view poverty very differently?
I suggest we do something to stabalize the economy where the divide between rich and poor isn't so large. A great way would to make houses more affordable and job security more efficient. This can be done by offering more government sponsored low income housing or making proposals to private developers to introduce mixed income neighborhoods where there are significant populations of poor people. Job security can be found when America stops outsourcing its jobs to lower wage countries. The government should make efforts to bring back America's manufacturing and technical jobs back to America instead of sending wages to China and India where it is cheaper.
Wessel, David. "Outsourcing Creates Jobs and Widens the Wage Gap." Career Journal.com. 7 November 2005.
http://www.careerjournal.com/myc/survive/20040413-wessel.html
The rich don't live the life of poor people and the poor don't live the life of rich people. Therefore, they cannot understand what kinds of responsibilities and pressures each group faces respectively. I once dated a rich girl and she left me at the drop of a hat for a doctor. Inagine my heartbroken suprise when I found our time together was a misunderstanding. It has taken me many years and sleepless nights to reach a point where I can try to understand her decision. However, after all this time I do not blame her and instead hope that maybe she has learned from the experience as I definitely had. Boy was that a crazee time too. You want an adventure I strongly reccomend you date outside your financial means. There's all sorts of stuff that comes up like 2ply or 1ply and who gets the tab at a 5 star restaurant.
11/7/05
LIBR 58A
BROWN
Information Search
II. Information Search:
1. Who is Michelle Duggar of Arkansas? Why is she in the news?
Michelle Duggar is the wife of Jim Bob Duggar, former Arkansas state legislator, and mother of 16 children. Apparently, they are Christians also. I am not sure why they are in the news except for the fact that they are continuing to procreate at a remarkable rate and something of small town celebrities in the state of Arkansas. Upon giving birth to her 15th child, Mrs. Duggar was awarded the Arkansas Young Mother of the Year award. At the last report on October 14, 2005 when she had her 16th baby, MSNBC reported that she plans to have more children.
“And Baby makes 18…?” MSNBC. 14 October 2004. 6 February 2005.
<http://www.msnbc.msn.com/id/9680098/>
2.(B) In some circles it is said that Bush placed Miers on the nomination plate first knowing that she would not make it to the confirmation level and that he is now going to put forward his real nominee. How do you feel about that statement?
I think President Bush is a very determined individual and when he decides to do something he makes arrangements to go about doing it no matter what anyone says. Having said this I believe he did nominate Harriet Miers in honesty. Furthermore, I believe the President also is a person that likes to hold his friends close to him and have faith that he can give them the confidence to do the job even if they are not qualified. This is the typical handiwork of an unexperienced businessman but a necessary step in order to discover the exceptional individuals and their exceptional qualities. Honestly, I believe that Bush could have found a better candidate, but Miers was probably the only lawyer he knew and trusted.
3. Fresno, California has the highest concentration of residents in extremely poor neighborhoods (study released by the Brookings Institution). What are some solutions to dissolve pockets of poverty? Why is it said that the rich and poor view poverty very differently?
I suggest we do something to stabalize the economy where the divide between rich and poor isn't so large. A great way would to make houses more affordable and job security more efficient. This can be done by offering more government sponsored low income housing or making proposals to private developers to introduce mixed income neighborhoods where there are significant populations of poor people. Job security can be found when America stops outsourcing its jobs to lower wage countries. The government should make efforts to bring back America's manufacturing and technical jobs back to America instead of sending wages to China and India where it is cheaper.
Wessel, David. "Outsourcing Creates Jobs and Widens the Wage Gap." Career Journal.com. 7 November 2005.
http://www.careerjournal.com/myc/survive/20040413-wessel.html
The rich don't live the life of poor people and the poor don't live the life of rich people. Therefore, they cannot understand what kinds of responsibilities and pressures each group faces respectively. I once dated a rich girl and she left me at the drop of a hat for a doctor. Inagine my heartbroken suprise when I found our time together was a misunderstanding. It has taken me many years and sleepless nights to reach a point where I can try to understand her decision. However, after all this time I do not blame her and instead hope that maybe she has learned from the experience as I definitely had. Boy was that a crazee time too. You want an adventure I strongly reccomend you date outside your financial means. There's all sorts of stuff that comes up like 2ply or 1ply and who gets the tab at a 5 star restaurant.
