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Home » CurrentEvents

Bankrupt Kodak requesting more money April 10, 2012 7:12 pm Vitruvius

As we all know, recently Kodak, the famous photo company, had to declare bankruptcy after about a century of service. Apparently, when everyone else was going digital, they weren’t and it did them in.

Now, for some reason I thought that whenever a company went bankrupt, it was done. Kaput. It didn’t do more business. It appears that I’m wrong.

Not only are they still around, they’ve filed a request for the ability to pay $13,000,000 in bonuses to some of their employees.

What demented mind comes up with that kind of logic!? I don’t see how they could possibly justify asking to pay money they don’t have, to give select employees (I’m guessing higher-ups) an additional wad of cash while the company crumbles around them!

I don’t see them getting this, and if they do, I don’t see it going well. What do you guys think?

  • Sometimes companies need a few months to shut down. by Robert 2012-04-11 13:58:14
    • An informative response. Thanks! by TB 2012-04-13 08:36:44
    • What's happening to Kodak is sad. They used to be an innovative and responsible high-tech company, one of the first. ... by ER 2012-04-11 08:53:04
      • They're not expecting more money, as in a bailout, actually, they just want to give their suits (who drove the ... by ER 2012-04-11 05:28:49
        • That was an easy swipe by RobVG 2012-04-11 09:03:21
          • First, you know perfectly well those millions aren't going to be divided equally. A few at the top will ... by ER 2012-04-11 09:23:27
            • Stock goes up, big bonuses. Stock goes down, big bonuses. Object and it's "prejudice" to a Conservative. Look at ... by bowser 2012-04-11 09:18:30
              • Both of you are everything you've ever accused Tom of being. n/t by RobVG 2012-04-11 19:58:39
                • I missed anything of substance in your succinct reply. Anyway, when stock goes up management makes big bonuses based ... by bowser 2012-04-12 10:49:21
                  • Mangers were paid in stock. Now the stock is worthless. They effectively sustained a large cut in pay. Kodak feels ... by RobVG 2012-04-12 16:51:27
                    • More likely they were paid with stock options, allowing them to buy the stock at a later date at a ... by podrock 2012-04-12 18:51:32
                      • When you accept your pay in stock you are allegedly taking a chance. You are sharecropping. If there ... by bowser 2012-04-12 17:08:28
                        • You just cant' get past the "bonuses". by RobVG 2012-04-12 21:16:08

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