Eastman Kodak stock trades sharply higher yesterday as the company made public a restructuring plan. Kodak plans on dividing the company into two basic segments: consumer and commercial, with both reporting to a “chief operating office” led by the company president and the chief operating officer. They, in turn, report directly to the CEO, Antonio […]
Tag Archives | restructuring
Kodak Develops Plans For Bankruptcy
Photography giant Kodak appears to be headed for Chapter 11 bankruptcy in coming weeks, leading people to ask the obvious questions “How?” and “Why?” to the long-standing company. One popular theory blames the rise in popularity of cameras built into cellphones as the culprit. John Paul Titlow of ReadWriteWeb argues photography was a specialized hobby […]