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Pastimes : Post Your Chicken Jokes Here

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To: Don Pueblo who wrote (169)	3/30/1998 2:57:00 PM
From: username	Read Replies (1) of 260

Hey Chicken! ya seen the bad bad bad news?? Monday March 30, 11:22 am Eastern Time Koo Koo Roo shares soar on Iacocca news NEW YORK, March 30 (Reuters) - Shares of skinless flame-broiled chicken restaurant-chain Koo Koo Roo Inc. soared Monday after the company named former Chrysler Corp. (C - news) chairman Lee Iacocca as its new acting chairman to immediately head a major corporate restructuring. In late-morning trading, Koo Koo Roo rose 1-7/16 to 3-7/16 on volume of more than nine million shares. The stock was by far the most-actively traded Nasdaq issue on Monday. Los Angeles-based Koo Koo Roo, which operates 52 restaurants in Las Vegas, California, Florida and Washington, said the 73-year old Iacocca will replace former chairman, Kenneth Berg, who resigned from both the chairman's job and as a company board member following recent open-heart surgery. Iacocca, already a Koo Koo Roo board member, will undertake the company's restructuring with William Allen, Koo Koo Roo's newly named chief executive. Iacocca left Chrysler in 1992 after 46 years in the auto industry. He is credited with leading Chrysler back from the brink of bankruptcy in the mid-1980s.

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