Krispy Kreme
Everyone knows by now that the Krispy Kreme board terminated 6 of its top executives (see USA Today article here). Everyone probably also knows that several months ago the company brought in a turnaround expert to do exactly that for the company. What isn't being discussed, and quite frankly hardly ever gets discussed in the news is the following:
What is the corporation is doing to ensure that the employees and other stakeholders remain engaged?
This has always been a soap box issue of mine and has been the subject of some recent articles I have written on the subject. There is often a tremendous void between the ivory tower and the rank and file employees (the ones, in this case, that take those steaming hot donuts out of the fryer one by one). It would be interesting to see them discuss openly how they are addressing the people issues associated with the turnaround. Let's not forget that they went public a few years ago and that prior to that, they were a privately held company for decades. I suspect there is a lot of history there. There are also many other significant change issues going on for the organization. What are they up to?