Perez

Discussion in 'Industry News' started by RattyMouse, Jul 15, 2013.

  1. RattyMouse

    RattyMouse Subscriber

    Messages:
    3,482
    Joined:
    Oct 18, 2011
    Location:
    Ann Arbor, M
    Shooter:
    Multi Format
    There's been a lot of mocking and vilifying of Kodak's CEO Perez (and rightly so IMO). Yet now that it appears that Kodak is soon to exit bankruptcy and will secure over half a billion in new funding, would it be wrong to say that he has been a success?

    For some reason, I never expected Kodak to survive bankruptcy. Everyone slammed all of Perez's moves painting him as an incompetent idiot. When and if Kodak exits bankruptcy, issues new stock (as planned) and completes its transformation from a film company into a commercial box printing company, perhaps we need to reassess him.

    Seems very odd......
     
  2. clayne

    clayne Member

    Messages:
    2,837
    Joined:
    Sep 4, 2008
    Location:
    San Francisc
    Shooter:
    Multi Format
    Do you honestly believe this guy actually carried them through the entire reorganization and emergence process? Additionally, "commercial box printing" company??
     
  3. Ken Nadvornick

    Ken Nadvornick Subscriber

    Messages:
    5,041
    Joined:
    Mar 18, 2005
    Location:
    Monroe, WA, USA
    Shooter:
    Multi Format
    Perez was originally tasked with negotiating Kodak's transformation from an old-technology imaging company to a new-technology imaging company, thus preserving and eventually enhancing ongoing shareholder value. The hope by us was that Kodak film would, at some reduced but still sustainable level, survive that transformation.

    Presiding over—and in way too many cases, aggravating—Kodak's death spiral into an ugly bankrupcy, thus wiping out all shareholder value entirely, was never the preferred, nor anticipated, outcome for Kodak's investors. Or employees. Or retirees. Or anyone else with a vested interest in the final outcome, including us.

    Painting the pig's lips bright red wasn't how it was supposed to end. And calling Perez successful because he's the one who's now holding the brush is a bit disingenuous...

    Ken
     
  4. RattyMouse

    RattyMouse Subscriber

    Messages:
    3,482
    Joined:
    Oct 18, 2011
    Location:
    Ann Arbor, M
    Shooter:
    Multi Format
    But hasnt Kodak film survived? The film unit has a new owner who WANTS to film to be successful. What more could we want?

    Make no mistake, I am no fan at all of Perez.
     
  5. fotch

    fotch Member

    Messages:
    4,824
    Joined:
    Mar 16, 2005
    Location:
    SE WI- USA
    Shooter:
    Multi Format
    Losing billions of dollars, losing market share, & leaving the fate of the company in the hands of a third party (court) is the opposite of successful leadership. He should walk the plank in IMHO.
     
  6. zsas

    zsas Member

    Messages:
    1,961
    Joined:
    May 12, 2011
    Location:
    Chicago, IL
    Shooter:
    35mm RF
    I beg you all to read about how IBM reorganized, and compare/contrast....

    How IBM's Sam Palmisano Redefined the Global Corporation
    http://blogs.hbr.org/hbsfaculty/2012/01/how-ibms-sam-palmisano-redefin.html

    If the above has you intrigued re transformation, check out this, it might just be the best $7 you've ever spent when trying to rationalize the transformation of a company from one competency to another.

    IBM's Decade of Transformation: Turnaround to Growth
    by Lynda M. Applegate, Elizabeth Collins
    Source: Harvard Business School
    31 pages. Publication Date: Apr 05, 2005. Prod. #: 805130-PDF-ENG
    Describes IBM's decade of transformation. Provides background on the company's history and the factors that led to its near death in the early 1990s and to its remarkable turnaround during Lou Gerstner's reign as CEO.

    http://hbr.org/product/ibm-s-decade-of-transformation-turnaround-to-growth/an/805130-PDF-ENG
     
  7. thegman

    thegman Member

    Messages:
    623
    Joined:
    Feb 8, 2010
    Shooter:
    Medium Format
    I expect the truth lies in the middle somewhere. I doubt Perez is a complete idiot, and to be fair he was placed an extremely difficult position to begin with. Also, I'm sure he made some mistakes, did not understand some of issues as well as he should have done, and wished he could have done things differently. Just as we all do at some point.
     
  8. michael_r

    michael_r Subscriber

    Messages:
    6,537
    Joined:
    Feb 2, 2010
    Location:
    Montreal, Canada
    Shooter:
    Multi Format
    Emergence from bankruptcy protection does not always have much to do with management. Court appointed monitors etc. are involved.
     
  9. jnanian

    jnanian Advertiser Advertiser

    Messages:
    19,999
    Joined:
    Jun 21, 2003
    Location:
    local
    Shooter:
    Multi Format
    "out with the old, in with the new"
     
  10. Bob Carnie

    Bob Carnie Subscriber

    Messages:
    5,424
    Joined:
    Apr 18, 2004
    Location:
    Toronto-Onta
    Shooter:
    Med. Format RF
    I vote to replace Perez with Mustafa.
     
  11. Ian Grant

    Ian Grant Subscriber

    Messages:
    18,040
    Joined:
    Aug 2, 2004
    Location:
    West Midland
    Shooter:
    Multi Format
    Seconded :D

    Ian
     
  12. Sal Santamaura

    Sal Santamaura Member

    Messages:
    1,522
    Joined:
    Nov 21, 2005
    Location:
    San Clemente, California
    Shooter:
    Multi Format
    Some of it. So far. For how much longer is an unknown.

    The film marketing function will have a new owner. Kodak (the "box printing company") will continue to manufacture the film. For how much longer is an unknown.

    Lots and lots. However, we can't expect more. :smile:
     
  13. Photo Engineer

    Photo Engineer Subscriber

    Messages:
    25,781
    Joined:
    Apr 19, 2005
    Location:
    Rochester, NY
    Shooter:
    Multi Format
    I am probably the only one here who has met and talked to Perez one on one. He is a charming, convincing person! That said, I believe that his policies regarding color printers or nothing, and film is dead were not suitable for Kodak.

    OTOH, the global depression at the time he was doing this all didn't help things. OTOH, he missed seeing that there was no market trend for home printers and he missed the chance to have an internet picturing site like Facebook. So, this combination of policies led to the present Kodak problem.

    You might consider the fact that the billions going in to Kodak has all come in the form of contracts with Sony for Motion Picture products.

    PE
     
  14. Sponsored Ad
  15. Mustafa Umut Sarac

    Mustafa Umut Sarac Member

    Messages:
    4,574
    Joined:
    Oct 29, 2006
    Location:
    İstanbul
    Shooter:
    35mm RF
    Hey! I am shocked and suprised with your post ! I am still laughing with fear. I hope nothing comes out from this :smile::smile:
     
  16. Mustafa Umut Sarac

    Mustafa Umut Sarac Member

    Messages:
    4,574
    Joined:
    Oct 29, 2006
    Location:
    İstanbul
    Shooter:
    35mm RF
    I vote Perez to Elite Porn Movie directors colorist as the director of kodak. At least he knows to speak to most desirable art.
     
  17. Bob Carnie

    Bob Carnie Subscriber

    Messages:
    5,424
    Joined:
    Apr 18, 2004
    Location:
    Toronto-Onta
    Shooter:
    Med. Format RF
    Can I call it or what,, Mustafa you would make a great CEO. Your ideas are way outside of the Box.
     
  18. jnanian

    jnanian Advertiser Advertiser

    Messages:
    19,999
    Joined:
    Jun 21, 2003
    Location:
    local
    Shooter:
    Multi Format
    +1 !
     
  19. MattKing

    MattKing Subscriber

    Messages:
    16,834
    Joined:
    Apr 24, 2005
    Location:
    Delta, BC, Canada
    Shooter:
    Multi Format
    Ah, Ron ... this requires three hands.

    And my understanding is that Sony weren't the only purchasers of the motion picture profuct.
     
  20. Mustafa Umut Sarac

    Mustafa Umut Sarac Member

    Messages:
    4,574
    Joined:
    Oct 29, 2006
    Location:
    İstanbul
    Shooter:
    35mm RF
    Thank you Bob, Ian, John,

    You can all also handle such a job as you make your head out of mess with your art. I think all of Kodak engineers would be great artists and CEOs.
     
  21. Tom1956

    Tom1956 Inactive

    Messages:
    2,057
    Joined:
    May 6, 2013
    Location:
    US
    Shooter:
    Large Format
    I think it's perfectly obvious that Elmer Fudd could have done the job equally well as Perez. I can imagine George Eastman writhing and ringing his hands in his grave.
     
  22. cliveh

    cliveh Subscriber

    Messages:
    4,717
    Joined:
    Oct 9, 2010
    Shooter:
    35mm RF
    Mustafa would have that improbability drive and always keep the board members guessing.
     
  23. Photo Engineer

    Photo Engineer Subscriber

    Messages:
    25,781
    Joined:
    Apr 19, 2005
    Location:
    Rochester, NY
    Shooter:
    Multi Format
    I know that, and that is what it will need to save Kodak.

    PE
     
  24. Tom1956

    Tom1956 Inactive

    Messages:
    2,057
    Joined:
    May 6, 2013
    Location:
    US
    Shooter:
    Large Format
    Advertising. Primetime TV (what there still is of it), and AM radio. Although I don't generally listen to much of it myself, I wonder what kind of film sales could generated on the Dash Limburger program, for instance. Or some network TV presentation. Do you realize the average 21 year old doesn't know what film is? My point is, film doesn't have to die like this.
     
  25. Bob Carnie

    Bob Carnie Subscriber

    Messages:
    5,424
    Joined:
    Apr 18, 2004
    Location:
    Toronto-Onta
    Shooter:
    Med. Format RF
    Film is not dying yet, just those who don't want to use it.

    =Tom1956;1522780]Advertising. Primetime TV (what there still is of it), and AM radio. Although I don't generally listen to much of it myself, I wonder what kind of film sales could generated on the Dash Limburger program, for instance. Or some network TV presentation. Do you realize the average 21 year old doesn't know what film is? My point is, film doesn't have to die like this.[/QUOTE]
     
  26. Mustafa Umut Sarac

    Mustafa Umut Sarac Member

    Messages:
    4,574
    Joined:
    Oct 29, 2006
    Location:
    İstanbul
    Shooter:
    35mm RF
    Kodak Film is equivalent to 5000 megapixel camera.

    Kodak must write this to everywhere.