Current Events — HabitableZone

Current Events » in reply to Re: That was an easy swipe

Re: That was an easy swipe

Mangers were paid in stock. Now the stock is worthless. They effectively sustained a large cut in pay. Kodak feels the need to retain these people (employee continuity) to turn things around.

The recession took it’s toll on Kodak - Just like GM. I don't think you can blame their situation solely on management.

GM took tax payers money in a 'bailout'. They repaid the debt with borrowed funds. Kodak is asking for some of their own cash reserves to compensate management.

My reply was regarding You and ER getting all 'huffy' whenever read "management" and "bonuses" in the same sentence.

You choose not to read past the headlines. Rather than look at an individual case, you simply don't bother to get past your prejudice that all corporations are scum.

You know, this issue is exactly like the Gorge Zimmerman case. We need to let the bankruptcy court make the decision about the bonuses. Hope it makes the news.

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