Switch to English Language Passer en langue française Omschakelen naar Nederlandse Taal Wechseln Sie zu deutschen Sprache Passa alla lingua italiana
Members: 70,592   Posts: 1,546,058   Online: 927
      
Page 5 of 7 FirstFirst 1234567 LastLast
Results 41 to 50 of 65
  1. #41

    Join Date
    Jul 2011
    Shooter
    Multi Format
    Posts
    47
    Quote Originally Posted by NB23 View Post
    Anyhow, just look at Fuji: this is what kodak was supposed to do.
    The X100, the film cameras, the X1-pro... I'm not sure a Hewlett Packard guy could have done that.
    I'm pretty sure at one time an HP guy could have, but that would've been before they split the company in two. Instead of hiring from what's still called Hewlett Packard, Kodak would probably have gotten a better CEO if they hired someone from the Agilent half instead. The other day I was in Future Shop and took a look at what they had for printers. All of them were cheap (<$100) junk plastic ink jet printers from Hewlett Packard and other players established in that market. Seriously, they're a nearly worthless commodity item. That's why there are almost constant promotions where you get a free printer or a printer for $20 when you buy a computer.

    Perez should've been fired for hinging Kodak's future on breaking into the sub-$100 printer market that's already crowded. The direction that Eastman Chemical went once they were spun off would've been a more solid footing for Kodak as a whole if they embraced becoming a chemical company instead of trying to poach enough cheap junk printer sales from HP, Epson, Canon, Lexmark to make the company viable.

  2. #42

    Join Date
    Jun 2004
    Shooter
    Multi Format
    Posts
    176
    "The very expensive ink cartridges you buy from HP or Canon or Epson come with a new head in every printer cartridge which drives up the price. Kodak could sell you a better printer with a superior permanent head and much cheaper ink cartridges. It was quite a value proposition for heavy users. Kodak could undersell the competition dramatically and hopefully gain enough market share to make a nice profit, once it had seeded the market. In the end, that never has happened. In retrospect, selling some printers could never replace the ubiquitous little yellow boxes that were famous around the globe as one of the greatest of U.S. brands."

    See Forbes article here:
    http://www.forbes.com/sites/joanlapp...to-bankruptcy/

  3. #43

    Join Date
    Jun 2004
    Shooter
    Multi Format
    Posts
    176
    From the same article above:

    "I blame the Board for allowing Perez to follow what he knew and not what the company needed to revitalize its future."

  4. #44

    Join Date
    Jun 2004
    Shooter
    Multi Format
    Posts
    176
    "The Kodak executives who work in the ivory tower should all resign in shame for what they have done. Most of them are HP transplants from California with no ties to the Rochester area." From a post at NYTimes website.

  5. #45
    Hatchetman's Avatar
    Join Date
    May 2011
    Location
    Chicago, IL
    Shooter
    Multi Format
    Posts
    629
    Images
    7
    How does a guy get five years to drive a company into the ground AND THEN get to remain CEO after declaring bankruptcy?!

  6. #46
    MDR
    MDR is offline
    MDR's Avatar
    Join Date
    Sep 2006
    Location
    Austria
    Shooter
    Multi Format
    Posts
    1,072
    The last sentence regarding the Kodak executives coming from HP struck a chord with me three years ago the Austrian national Airlines that never had any debt or money problems until five years ago was sold to Lufthansa the money problems started when 99% percent of the Board/executives were coming from Lufthansa and Siemens. Maybe HP was undermining Kodak efforts to become a printer company imho the cheap Kodak printers were a lot better than HP cheaper offerings.

    Dominik

  7. #47

    Join Date
    Jun 2004
    Shooter
    Multi Format
    Posts
    176
    Kodak has reported a loss for eight straight years.

    Perez has been the president, then CEO, then Kodak's Chairman during this period. (Since 2003 to 2011)

    What Perez achieved during the nine years is running this big company into the ground, other than commute weekly on company planes to his home in California.
    Last edited by bwfans; 01-19-2012 at 12:45 PM. Click to view previous post history.

  8. #48
    keithwms's Avatar
    Join Date
    Oct 2006
    Location
    Charlottesville, Virginia
    Shooter
    Multi Format
    Posts
    6,079
    Blog Entries
    20
    Images
    129
    Quote Originally Posted by Hatchetman View Post
    How does a guy get five years to drive a company into the ground AND THEN get to remain CEO after declaring bankruptcy?!
    The last thing you want to do is go looking for a new person before the sh*t has hit the fan. It'd be really hard to find a competent new CEO who wants to begin a new position prior to chp 11. Better to pin the tail on the donkey and then get a new person once it is clear that there will be something left to reorg.
    "Only dead fish follow the stream"

    [APUG Portfolio] [APUG Blog] [Website]

  9. #49

    Join Date
    Jul 2009
    Shooter
    35mm
    Posts
    719
    Quote Originally Posted by Hatchetman View Post
    How does a guy get five years to drive a company into the ground AND THEN get to remain CEO after declaring bankruptcy?!
    To me, this shows that they threw the towel long ago.

  10. #50

    Join Date
    Sep 2010
    Location
    Castle Rock, CO, USA
    Shooter
    Multi Format
    Posts
    1,382
    Images
    64
    Quote Originally Posted by keithwms View Post
    The last thing you want to do is go looking for a new person before the sh*t has hit the fan. It'd be really hard to find a competent new CEO who wants to begin a new position prior to chp 11. Better to pin the tail on the donkey and then get a new person once it is clear that there will be something left to reorg.
    Right. You go into bankruptcy and then fire him to make room for the new guy. Running a company into the ground and navigating bankruptcy are 2 vastly different skill sets. Most of us could probably handle the former.

Page 5 of 7 FirstFirst 1234567 LastLast


 

APUG PARTNERS EQUALLY FUNDING OUR COMMUNITY:



Contact Us  |  Support Us!  |  Advertise  |  Site Terms  |  Archive  —   Search  |  Mobile Device Access  |  RSS  |  Facebook  |  Linkedin