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Home » CurrentEvents

Judge approves Kodak bonuses plan May 31, 2012 7:11 pm RobVG

Had to dig for this piece of news

Remember when I defended the bonuses during the company’s bankruptcy restructuring? All of the leftleaners said, “Why should these greedy executives get bonuses when they ran the company into the ground”?

I had to point out that the money wasn’t just for the exec’s, but also for other key personnel to maintain “employee continuity”. That’s means all the contacts and relationships built up over the years wouldn’t be lost.

And now this: “Kodak reports higher revenues, smaller loss in April”

Like I said, Kodak was hammered by the recession and now things seem to be turning around- without any government bailout.

Greedy executives…

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