"...deciding to focus on consumer and commercial printers in the past half-decade under Chief Executive Antonio Perez." ... "...the viability of the company's

"...deciding to focus on consumer and commercial printers in the past half-decade under Chief Executive Antonio Perez." ... "...the viability of the company's printer strategy has yet to be demonstrated, raising questions about the fate of the company's 19,000 employees." ... "Kodak has lost money each year but one since Mr. Perez, who previously headed the printer business at Hewlett-Packard Co., took over in 2005. The company's problems came to a head in 2011, as Mr. Perez's strategy of using patent lawsuits and licensing deals to raise cash ran dry." ... "Mr. Perez decided to base the company's future on consumer and commercial inkjet printing. But the saturated market has proved tough to penetrate, and Kodak is paying heavily to subsidize sales as it builds a base of users for its ink." Much like the incompetent Borders CEO, I predict a bankruptcy filing will mean a couple million dollar retention bonus in this guy's future. Sure, Kodak was in trouble in 2005, but it still had plenty of options better than printers and patent trolling. I love when management of cash strapped companies hire consultants to do their jobs for them: "Soon after, Kodak hired restructuring lawyers and advisers to help shore up its finances." So in the losers column we have shareholders, employees, retirees, taxpayers (PBGC/Medicare), and the communities of upstate New York. In the winners column we have the fuckwits responsible.