Kodak Alaris gets a new CEO

RattyMouse · May 10, 2016

http://www.whec.com/news/jeff-goodman-appointed-kodak-ceo/4125360/

DREW WILEY · May 10, 2016

GE background??? That doesn't sound good. GE has a culture of breeding incompetent "slash-and-burn" managers that grab their golden-parachute bonus and run, leaving scorched earth behind them. Hope this guy is an exception. Only time will tell. I still use Kodak film.

Born2Late · May 10, 2016

DREW WILEY said:
GE background??? That doesn't sound good. GE has a culture of breeding incompetent "slash-and-burn" managers that grab their golden-parachute bonus and run, leaving scorched earth behind them. Hope this guy is an exception. Only time will tell. I still use Kodak film.

You got that right. I had 28 years in at a company that flourished until they turned thing over to an ex GE executive. He ran the company into the ground in short order. In the end we all lost our jobs and he walked away with 2 million dollars.

RattyMouse · May 10, 2016

Well, this guy is working for the owners, the Kodak Pension folks, and they need a long term revenue stream. I just hope it includes film. Ultimately the future of film is in the hands of Eastman Kodak, not Alaris.

Ian Grant · May 10, 2016

Note that the appointment is on an interim basis.

Ian

John Bragg · May 11, 2016

Ian Grant said:
Note that the appointment is on an interim basis.

Ian

That does not fill me with confidence. I wish they would be honest about all this and admit that they have no long term commitment to film. I am glad that I use HP5+.

Nodda Duma · May 11, 2016

The old CEO went on to greener pastures, so one of the other execs steps in to do the work until they find a replacement. I wouldn't read too much into it, this happens all the time.

RattyMouse · May 11, 2016

Nodda Duma said:
The old CEO went on to greener pastures, so one of the other execs steps in to do the work until they find a replacement. I wouldn't read too much into it, this happens all the time.

They could be looking into whether or not Perez is interested in the job!

DREW WILEY · May 11, 2016

Well, every time I've seen a GE exec step in as a temp, it took less than six months to bankrupt a 75-year-old mfg corporation in every instance.
I've met some of these guys in person. They remind me of politicians and big developers - high energy types with big grins, who throw big parties,
and were once Frat presidents. Otherwise, greedy and incompetent. GE cultivates a culture of smoke and mirrors stock market management. But in this particular case I remain optimistic, simply because Alaris can't be worth looting at this point. Too bad Kodak itself wasn't split up. Smaller corporations can do a better job concentrating on specialties, without attracting vultures.

RattyMouse · May 11, 2016

DREW WILEY said:
Well, every time I've seen a GE exec step in as a temp, it took less than six months to bankrupt a 75-year-old mfg corporation in every instance.
I've met some of these guys in person. They remind me of politicians and big developers - high energy types with big grins, who throw big parties,
and were once Frat presidents. Otherwise, greedy and incompetent. GE cultivates a culture of smoke and mirrors stock market management. But in this particular case I remain optimistic, simply because Alaris can't be worth looting at this point. Too bad Kodak itself wasn't split up. Smaller corporations can do a better job concentrating on specialties, without attracting vultures.

Kodak was split up. Eastman Chemical is doing fairly well from what I understand.

DREW WILEY · May 11, 2016

Split up way too late, and by force. Became one of those companies too big for its own good. Once an octopus can't keep track of how many arms it
is supposed to have, some of them will get maimed or lost, and the critter won't even notice how bad it is injured until it is too late.

Wallendo · May 11, 2016

RattyMouse said:
Kodak was split up. Eastman Chemical is doing fairly well from what I understand.

Eastman Chemical was split off long ago.

This is one difference between Fuji and Kodak. Fuji remained a conglomerate, and, when film sales decreased, they had other sources of revenue.
When film sales dropped off, Kodak had little to rely on.

RattyMouse · May 12, 2016

Wallendo said:
Eastman Chemical was split off long ago.

This is one difference between Fuji and Kodak. Fuji remained a conglomerate, and, when film sales decreased, they had other sources of revenue.
When film sales dropped off, Kodak had little to rely on.

Yes, Fujifilm was smart to divest away from photography. They make just a tiny portion of their income now from that and now are much more into office equipment, medicines, and medical imaging.

Kodak Alaris gets a new CEO

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