Kodak job cuts continue as it aims to exit Ch. 11
Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection.
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#1 Sep 10, 2012
Announcement of cuts and reshuffle are to often the blow next week that the exiting CFO was unable to sell the patents.
#2 Sep 10, 2012
Patent sale? Billions? What patent sale? Kodak moves deck chairs on Titanic agian. Gets reddy for liquidation. Gets rid of dumb black Chief Financial Officer Antoinette P. McCorvey and brings in liquidation specialist. Rebecca A. Roof, a managing director of AlixPartners, the company’s restructuring advisory firm, will become Chief Financial Officer on an interim basis to help with liquidation of the company and property. Kodak will be out of Business in 2013.
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