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"But the real lesson is that the process for helping companies die is in dire need of study and executive education. There has to be a better way than the statu
by api 12y ago
"But the real lesson is that the process for helping companies die is in dire need of study and executive education. There has to be a better way than the status quo."
Priceless.
Kodak's actions do indeed strike me as insane. I can't even fathom the reasoning that must have led to them. It must have emerged from some set of perverse incentives at the executive level, like pay based on sales numbers in the film business or some other kind of ham-fisted silly bonus structure.
- mkr-hn 12y agoI think it's just an attribute of old, dominant companies. It's why Microsoft just announced Windows would be a free upgrade going forward. The difference between Microsoft and Kodak is that Microsoft still had a lot of profitable businesses to prop them up until a more forward-thinking CEO took over.