Kodak, bankruptcy and bonus for employees

what a pile of hooey. the bonuses would give them enough money to tide them over while looking for other jobs. put the money in retiree insurance benefits instead. these managers will stay without the bonuses. so will the big dogs. they have no where else to go. as soon as the company re-organizes and slims down, downsizing will cause mass pink slips anyhow ...
 
If it were only bonuses to technicians and other people who have valuable knowledge I'd understand but the managers? These are not the people they have to keep. It's not like they did a good job managing the company so far.
To me it just sounds like the managers are seeking permission to pay themselves bonuses so they can cash out before the company's gone.
 
Jamie, exactly. Historically mid-level managers at Kodak have been a big part of the problem.
 
Come on, guys!

If Kodak loses their 119 middle managers, then who will be left to lay off the 7600 people at the bottom (who don't get any bonuses, of course)?
 
I still like their film.

But I have become a little disenchanted with the company!
 
In the past, ineptitude would most often result in dismissal. Today, it's not surprising to see a corporation give big, fat bonuses to the same individuals who mismanage and run the company into the ground.
 
Mr_Toad said:
Come on, guys!

If Kodak loses their 119 middle managers, then who will be left to lay off the 7600 people at the bottom (who don't get any bonuses, of course)?
Click to expand...
Don't laugh!

Last time I was laid off I had an extra couple of weeks because everybody who was supposed to fire me (sorry: "offer me a redundancy package", which I couldn't refuse) was shown out the door themselves before they could get to me. It was tough finding someone I could hand my laptop, RSA key and building pass to. Eventually someone senior enough that they weren't "made redundant" was found, who had to take the lot and go through the paperwork with me. (Of course, they were senior enough that they didn't know what to do with the equipment and couldn't explain the paperwork.)

This time around (officially, midnight on Sunday) I'm on a contract that just expires. No fuss, no muss - project ends, contract ends, full stop. Much easier. Oh, and I have to pay out of my pocket to return their equipment to them.

Modern corporate life is such fun.

...Mike
 
PhotoMat said:
In the past, ineptitude would most often result in dismissal. Today, it's not surprising to see a corporation give big, fat bonuses to the same individuals who mismanage and run the company into the ground.
Click to expand...

The company I used to work for did the same thing only they waited till after getting out of bankruptcy protection. That left a bitter taste in the mouths of employees forced to give pay cuts, give back benefits and other concessions. Seems this is now the corporate norm where you reward the same people who drove the bus of the cliff in the first place. Oh yes, I forgot they also left the employee pension under funded too. You just got to shake your head.

Bob
 
"300 Executives" (to receive bonuses)

Let's begin with what's wrong with that fact.
This is not even funny anymore.
 
I fear that Mr Gilbert foresaw this...

"Who's next to be decapited
Cannot cut off another's head
Until he's cut his own off, his own off, his own off.
Until he's cut his own off."
 
I was at coffee with some former Kodakers this morning. According to at least one, when Kodak invented digital and foresaw its rise, the strategy was to improve film, and its permanence, thus avoiding the digital tide. Brilliant.
 
Last edited:
American MBA mentality.

It's not the Lawyers or Politicians we have to worry about, it's the MBAs.

Since the start of the onslaught of the MBA in the 1970's, industrial America has collapsed.

No one believes me. But look around...
 
You must log in or register to reply here.
Back
Top Bottom