Mr. Perez is getting a bonus tied to financial performance, ?????

[finguanzo]

http://247wallst.com/2012/08/06/outrage-bonus-paid-to-kodak-ceo-antonio-perez/
Cant imagine how much he would get if they hadent filed bankruptcy???

 

[HLing]

Unfathomable. No matter how many times the story repeats itself.

Same story differently named corporations.

 

[MartinP]

Maybe the performance he was required to achieve was not a positive one? I think I am too cynical today, really . . .

 

[jtm6]

Since the financial performance was in the red, is he giving some money back?

 

[muser53]

Don't get me started.

 

[Jamie123]

Well, he tried his best and his effort should be rewarded. Obviously.

 

[BobYIL]

There is a class of "parasites" on top of a portion of the American production and finance world. They always win, even in the situations while the companies they lead go bankrupt. I hope and wish they sell the black & white film production (the facilities and the processing technology) as soon as possible so that some traditional brands like the Tri-X for example could have a safer future like some top Ilford films.

BTW, Ilford included, if film production in small quantities is still feasible for Efke, Orwo, Rollei, Adox and alike, that is because they do not have "parasites" to take care of before their production, customers and therefore their future. Not only Kodak has suffered of such bacteria, but almost half of the finance sector of the States in the last decade and at least one-third of the automotive industry if not also some portions of the other industries. At the end only the bacteria won... and not only the shareholders have lost, but the whole domestic product of the nation by adding a few trillion dollars more to the national debt..

 

[Calzone]

I make huge mistakes and screw-up all the time: where's my bonus? LOL.

Cal

 

[Roger Hicks]

Well, he tried his best and his effort should be rewarded. Obviously.

Indeed, but with what sort of bonus? Should they give him a revolver and one bullet, along with a smile and a meaningful look?

Though in all fairness, his two immediate predecessors may have wrecked Kodak to th extent that even a genius (which Perez is not) would have stood no chance.

Cheers,

R.

 

[Sejanus.Aelianus]

Do forgive us for having a little chuckle over this side of the pond. We thought our "senior management" were top of the league of maggots; it's rather refreshing to see that they face a challenge for the Academy Award for Barefaced Effrontery!

😀

 

[daveleo]

Don't get me started.

or me !

:bang::bang::bang:

 

[Gumby]

Maybe Kodak should have listed them on ebay.

 

[David_Manning]

Same story here at my bankrupt airline...the pilots lose entire pensions, the top tier management will own tens of millions in stock for performance and retention at bankruptcy exit.

 

[Crazy Fedya]

Maybe Kodak should have listed them on ebay.

Sure, i would have bought them, and later claim, that they were not as described, and request a full refund after careful examination of them with the help of some expert.
😉

 

[Contarama]

I bet he doesn't even own a Kodak anything...probably has a Leica!

Wouldn't it be nice to be one of the beautiful crooks! 🙂

 

[Gabriel M.A.]

I bet he doesn't even own a Kodak anything...probably has a Leica!

Wouldn't it be nice to be one of the beautiful crooks! 🙂

He has a Nikon. The proof is in the bonus. 🙄

 

[nemo2]

Since the financial performance was in the red, is he giving some money back?

Pretty good idea 🙂

 

[Nikon Bob]

Not surprising at all. Seems a pretty standard practice in the corporate world and has been for a long time. Hard to comprehend the mind set of the class of people who think it is perfectly fine to offer and accept bonuses under those circumstances.

Bob

 

[RObert Budding]

Cut the highest marginal tax rates again and stand back! You'll see an economic miracle!!

 

[Trius]

Though in all fairness, his two immediate predecessors may have wrecked Kodak to th extent that even a genius (which Perez is not) would have stood no chance.

Cheers,

R.

True. "Perez is not [a genius]" is quite an understatement. 🙄