WSJ: Ex-Kodak Employees Blast Bonus Plan

removed account4 · Jul 29, 2012

Ken Nadvornick said:
Except that those newspaper articles, magazine articles, and web fora were in many cases created from one-on-one interviews or policy guidance statements given directly by the people actually making the decisions. Didn't have to read between the lines or speculate at all. They told us exactly where they were going to take the company. And they did just that. No surprises there.

And as far as I know, those same people are still in chargeand still committed to the same vision and direction for the company that resulted in the bankruptcy filing in the first place. Now they just want additional compensation to keep them from jumping ship. It's as if the captain and officers of the Titanic had retreated to the stern of the ship, loudly threatening to quit if they didn't get an immediate raise. Go figure...

Ken

hi ken

i see what you are saying
but the problem is that just because something is written
by a company for public consumption doesn't really
describe what is actually being done, and it leaves a lot as speculation.
PE worked there for decades, and has no idea what the management is up to ...

it seems like when a street "performer" sets up a card table, and asks the "contestant"
to "find the lady" in the 3 cards that are being shuffled and mixed infront of him ..
in the end it was all talk because the lady isn't really there ...

i have heard speculation and ranting and raving
about the management of kodak since before 2003, and it is the same as now ..

Brian C. Miller · Jul 29, 2012

Ken Nadvornick said:
They were hired to successfully oversee and manage the company through its transition into the digital marketplace.

Agreeing to what sort of a digital marketplace is another question entirely. HP got bled from executives trying to "evolve" the company from a manufacturer into a brand. For a time, the only division generating a profit, propping up the rest of the company, was their mainframe divison. Not their printers, which were losing money hand-over-fist. And at the time the CEO was trying to kill off the mainframes.

Polaroid has now become a brand, and there are now many "Polaroid" products entering the market with the Polaroid logo on them. This may well be Kodak's fate. I hope not, but I just don't know. Their losses are shrinking, but they aren't anywhere near generating a profit.

I have been reading in the financial news that next year promises a slowdown. Not good for anybody, including Kodak.

RattyMouse · Jul 29, 2012

PKM-25 said:
So how does this make you feel then?

Very very very angry.

Photo Engineer · Jul 30, 2012

Maybe we should give them their bonuses in stock. Overvalue the stock and assume that under their leadership it will rise in value to meet what it was valued at! :devil:

PE

lxdude · Jul 30, 2012

Photo Engineer said:
Maybe we should give them their bonuses in stock. Overvalue the stock and assume that under their leadership it will rise in value to meet what it was valued at! :devil:

PE

:devil:

PKM-25 · Jul 30, 2012

RattyMouse said:
Very very very angry.

A natural, healthy reaction. Now get that camera you want, shoot some film and join the leagues that have replaced that anger with empowerment, to make a statement both in artistic convention and in numerical stats that you are as committed to using film as the people who are not the executives who make it.

The narrative of photos made with passion are going to be of far more value than those words born of speculation, in my opinion...

batwister · Jul 31, 2012

Ken Nadvornick said:
the film photographer may become silent, refuse visitors and spend much of the time crying and grieving.

What about the people who won't get to stage 5, committing analog photography suicide? Can we expect threads along the lines of "right guys, I've decided to give all my gear to somebody who cares..."

railwayman3 · Jul 31, 2012

Brian C. Miller said:
Polaroid has now become a brand, and there are now many "Polaroid" products entering the market with the Polaroid logo on them. This may well be Kodak's fate. I hope not, but I just don't know. Their losses are shrinking, but they aren't anywhere near generating a profit.

I have been reading in the financial news that next year promises a slowdown. Not good for anybody, including Kodak.

Shopped in the UK "Poundland" store yesterday (everything for £1, about equal to $1.50). Stocked up on Kodak Colour Neg, £1 per roll, Kodak batteries 10 for £1 (Made in China), and Polaroid Inkjet paper (various sizes, all Made in China....and fine for everyday use).
And just backed up some work stuff on Kodak DVD's....Made in China.

railwayman3 · Jul 31, 2012

PKM-25 said:
A natural, healthy reaction. Now get that camera you want, shoot some film and join the leagues that have replaced that anger with empowerment, to make a statement both in artistic convention and in numerical stats that you are as committed to using film as the people who are not the executives who make it.

The narrative of photos made with passion are going to be of far more value than those words born of speculation, in my opinion...

Most serious artists of all kinds, amateur or professional, musicians, painters, photographers, writers, are passionate people....which is why they get angry when the "executives" mess up by letting money drive everything. And the executives don't make the film, it's the researchers, workers and support staff.....who are also suffering.

Photo Engineer · Jul 31, 2012

I have had so many Kodak batteries leak in equipment that I no longer buy them at any price.

PE

DREW WILEY · Jul 31, 2012

Now worries here. Artists will always find a way. If all else fails, someone can start a company grinding and selling red oxide, so folks can make handprints on cave walls. It's what they taught
in art school continuously for over thirty thousand years, and it still works today!

WSJ: Ex-Kodak Employees Blast Bonus Plan

Privacy & Transparency

Privacy & Transparency