KKD : Summary for Krispy Kreme Doughnuts, Inc. - Yahoo Finance

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    Deal for departing Krispy Kreme exec Tony Thompson serves a purpose

    Tony Thompson’s $6.1 million deal to leave Krispy Kreme Doughnuts Inc. might have left some stockholders with a sour taste in their mouth if the company were still publicly held. Of course, the famous doughnut maker went private in July when it was purchased by JAB Beech Inc. Regardless, “golden parachutes” such as the one the 49-year-old Thompson apparently will benefit from are standard practice for top executives of major corporations because they help ensure executives act in the best interest of shareholders — in this case, receiving $25 more per share than the price of the stock at the time.