Kodak CEO Antonio M. Perez puts himself first

[divewizard]

It seems that even as Kodak is going down in flames due to mismanagement, Antonio M. Perez's (CEO) first mission is to see that he makes out like a bandit.

Seeking Alpha Article: Kodak's CEO Prioritizes His Compensation Even Amid Bankruptcy

 

[Spicy]

Well he's done a great job of steering the company. Of course he deserves it for all the hard work he's done.

 

[semilog]

He's a Job Creator™ — not a parasite like all those engineers and chemists.

 

[Beemermark]

? what does this have to do with phtography? If you want to buy or sell stock then go to a financial page.

 

[semilog]

? what does this have to do with phtography? If you want to buy or sell stock then go to a financial page.

If Kodak's remains are being systematically hollowed out for the personal benefit of a handful of tinpot robber barons -- like parasitoid wasps eating their way out of a doomed-but-still-living black-and-yellow caterpillar, say -- that reduces the odds that Kodak or some successor thereof will remain in the business of producing traditional photographic emulsions.

I should have thought that that would be obvious even to the most obtuse observer.

 

[sprokitt]

He's a Job Creator™ — not a parasite like all those engineers and chemists.

Love it!! Thanks!!
From just another parasitic engineer!

L

 

[kdemas]

You really have to wonder about their board. What incompetence.

 

[kxl]

Oh my...

 

[johannielscom]

And of course he will be rewarded future positions of equal importance and financial gravity without boards even batting an eyelash.

I for one have always longed for that level of business where you can be a c*ck up without any consequence to your social status or pension plan or party invitations or kids' college educations or you name it. Must be real liberating, and a potent incentive to c*ck up even harder.

 

[Sparrow]

And of course he will be rewarded future positions of equal importance and financial gravity without boards even batting an eyelash.

I for one have always longed for that level of business where you can be a c*ck up without any consequence to your social status or pension plan or party invitations or kids' college educations or you name it. Must be real liberating, and a potent incentive to c*ck up even harder.

Remind me again, why elected governments shouldn't regulate capitalism?

 

[MartinP]

Remind me again, why elected governments shouldn't regulate capitalism?

They shouldn't regulate, because if they do then they won't get the 'donations' required to billshut <---(transposition required) the electorate, obviously . . .

 

[Sparrow]

They shouldn't regulate, because if they do then they won't get the 'donations' required to billshut <---(transposition required) the electorate, obviously . . .

No I can't believe that, over here the government clearly cuts corporate and high net wealth individuals' taxes to improve conditions for the vast majority, I don't see how making large donations to political parties could possibly influence them

 

[paulfish4570]

politicians can run things better than CEOs? 🙂 🙂 🙂
and congresses and parliaments can make better decisions than boards? 🙂 🙂 🙂
same, same. power corrupts and all that ... 🙂

 

[Sparrow]

... no, no one could accuse David Cameron of being corrupt, it's unthinkable ... his' head of communications and friends perhaps, but not Dave, he looks so trustworthy in that clean-cut chubby way he has ... I'm sure he made his money without help from anyone

 

[Red Robin]

Picture This

Picture This

politicians can run things better than CEOs? 🙂 🙂 🙂
and congresses and parliaments can make better decisions than boards? 🙂 🙂 🙂
same, same. power corrupts and all that ... 🙂

Let them eat Twinkies !

 

[Beemermark]

Kodak is an example of why capitalisim works, poorly managed by greed and stupid upper management it goes the way of the Dido. All the products that Kodak made (or makes) are being made by better ran companies. This is good for the consumer who ends up with a better product at less cost. Rather than prop up a failing company like Chrysler or GM with tax payer's money for a few votes Kodak will go in the history books of how not to run a company.

Does any school teach econ 101 anymore?

 

[Sejanus.Aelianus]

You lazy lefty layabouts!

Just learn from your betters: get out and steal, steal, steal.

Damned plebs, Mutter, Mutter, Mutter...

😀

 

[Bob Michaels]

Remind me again, why elected governments shouldn't regulate capitalism?

Come with me to Cuba and see where that road leads.

I will be the first to admit that money is not everything but I think most of us would not trade where we are for where that road takes you.

 

[sevo]

Come with me to Cuba and see where that road leads.

There is capitalism in Cuba?

 

[Bob Michaels]

? what does this have to do with phtography? If you want to buy or sell stock then go to a financial page.

Those financial pages are too full of the experts over there talking about lens character and boken.

I previously asked if anyone here had any actual experience in business restructuring as management, board member, creditor, or adviser. No one spoke up.

I express no opinion about Perez or other members of Kodak management as I simply do not have all the facts.