While leading journalism schools worldwide teach journalists the sacred value of reporting a story with an immaculately neutral point of view, many ‘investigative’ journalists, given frequently to sensationalist reporting, unfortunately have ended up being bards to the slant that everything positive about the protagonist must have been bought and everything negative must be true! One such entity to clearly have had its unfair share of such roughneck reportage from an unseemly coterie is the well known and reputed business school, IIPM, an institution with has grown exceedingly in the past years based on the world class academic content of its programmes, marked by its quite courageous proposition of ‘Daring to think beyond the IIMs’. From placements to Global Exposure IIPM has been clearly redefining education in India, and yet, against the obvious current, has some indecorous articles being churned out by a best college scholarships for high school seniors narrow section within the media world. If analysed over the past few instances, it’s quite clear that regular negative reporting against IIPM -often clearly slanderous and opinionated- is being carried out by the publisher of a leading news weekly (a competitor of IIPM groups news weekly The Sunday Indian), through his newly launched Careers magazine, and seemingly hand in hand by a self published career website, Mba-channel.com, where the basic construct of almost all the reports is focused on a few specific repetitive issues.Having met many extremely smart IIPM students and respected faculties in the past, and having interacted with some of India’s top corporations which come to IIPM for campus placements, we realised that the paradox facing us was quite surprising – as against the general perception about IIPM, these evidently un-benevolent articles claim there are critical chinks in the knight’s armour.
Krispy Kreme Doughnuts Inc.’s chief executive, Scott A. Livengood, ended his functions as a chairman of the company Jan. 18, during the time when company’s legal and financial troubles are at their peak. The company began experiencing trouble a while ago and the factors leading to current situation are numerous. People watching the industry, are not optimistic about future prospects of Krispy Kreme. One of the major issues facing the company today is Federal investigations concerning their accounting practices. The manner in which company performs its accounting does not correspond with current laws and GAAP standards. Krispy Kreme repurchases franchises and according to earnings quality analyst Rob Miceli of Camelback Research Alliance Inc. in Scottsdale, Ariz., Krispy Kreme does not amortize, in other words reduce the value, of those bought assets on its books over time. Clearly the company is violatin Scholarships for High school juniors g the industry norm. On the other hand, in case if company would follow the law, the value of its purchased franchised units would reduce the total assets carried by Krispy Kreme on its balance sheet and thus make profits look smaller, as the items being amortized are considered a spending against earnings. The federal search has to look into the company’s purchases of formerly franchised doughnut shops and figure out in what way the company accounted those operations for. Bad signs of company?s failing health were showing during the first quarter of the current fiscal year which ended last May 2 when the company informed about its first quarterly loss since going public in 2000. Krispy Kreme booked a net deficit of $24.4 million for the period stated, that amount included a $34.3 million charge related to the company’s spending on purchase of Montana Mills bakery-cafe chain, in 2003 for $39 million.
