But then again, it just occurred to me: what kind of a CEO would they be likely to find who would be willing to run this ship in its current condition? Of course, it would be a hell of an accomplishment to actually straighten it out and do something creative and worthwhile out of Kodak while they at least still have some assets that are tangible and useful in today's market.
My brother in law, with a background in economics and financial management, just said to me that "the CFO going is a death knell". Something very obviously hasn't worked out at Kodak now. I would have thought the man in the gilt-lined chair, what's his name — Perez? He should go first? What seems to be the delay? Or is it a case of wise men, as well as monkeys, desert a sinking ship?? :pouty:
Generally, as an average, a given office space cost = the office occupant's pay.
Read the full release for a better understanding of what is happening: http://www.kodak.com/ek/US/en/Kodak_...uring_Plan.htm
Imagine being on Kodak's Board of Directors. Perez is Chairman as well as CEO. How much straight talk can there be?
I cannot understand why the man who "led" them into bankruptcy and their shares into near-worthlessness is still there, expecting a bonus for "guiding" them through the bankruptcy! Although the bankruptcy has been very hard on Perez. He had to give up both corporate jets. It's a bitch to have to fly first class commercial on vacations to his hometown in Spain, you know.
To reference a currently popular political topic, Perez can declare "I didn't build this".
It's not surprising Faraci went. He was Co-President and Co-Chief Operating Officer. Why the hell would they need two?