| Photography General Interest Neat Photo stuff NOT particularly about Rangefinders. |
 |
Mr. Perez is getting a bonus tied to financial performance, ????? |
 |
08-06-2012
|
#1
|
|
Registered User
finguanzo is offline
Join Date: Aug 2009
Location: newark, nj
Posts: 604
|
Mr. Perez is getting a bonus tied to financial performance, ?????
http://247wallst.com/2012/08/06/outr...antonio-perez/
Cant imagine how much he would get if they hadent filed bankruptcy???
|
|
|
|
|
08-07-2012
|
#2
|
|
Registered User
HLing is offline
Join Date: Feb 2011
Location: NYC
Posts: 274
|
Unfathomable. No matter how many times the story repeats itself.
Same story differently named corporations.
|
|
|
|
|
08-07-2012
|
#3
|
|
Registered User
MartinP is offline
Join Date: Jul 2006
Location: Netherlands
Posts: 2,001
|
Maybe the performance he was required to achieve was not a positive one? I think I am too cynical today, really . . .
|
|
|
|
|
08-07-2012
|
#4
|
|
Registered User
jtm6 is offline
Join Date: Jul 2012
Posts: 276
|
Since the financial performance was in the red, is he giving some money back?
|
|
|
|
|
08-07-2012
|
#5
|
|
MUSER53
muser53 is offline
Join Date: Dec 2008
Location: Berkeley, CA
Age: 60
Posts: 370
|
Don't get me started.
|
|
|
|
|
08-07-2012
|
#6
|
|
Registered User
Jamie123 is offline
Join Date: Nov 2005
Posts: 2,712
|
Well, he tried his best and his effort should be rewarded. Obviously.
|
|
|
|
|
|
|
|
08-07-2012
|
#7
|
|
Registered User
BobYIL is offline
Join Date: Sep 2009
Posts: 1,318
|
There is a class of "parasites" on top of a portion of the American production and finance world. They always win, even in the situations while the companies they lead go bankrupt. I hope and wish they sell the black & white film production (the facilities and the processing technology) as soon as possible so that some traditional brands like the Tri-X for example could have a safer future like some top Ilford films.
BTW, Ilford included, if film production in small quantities is still feasible for Efke, Orwo, Rollei, Adox and alike, that is because they do not have "parasites" to take care of before their production, customers and therefore their future. Not only Kodak has suffered of such bacteria, but almost half of the finance sector of the States in the last decade and at least one-third of the automotive industry if not also some portions of the other industries. At the end only the bacteria won... and not only the shareholders have lost, but the whole domestic product of the nation by adding a few trillion dollars more to the national debt..
|
|
|
|
 |
|
08-07-2012
|
#8
|
|
Gear Whore #1
Calzone is online now
Join Date: Nov 2008
Location: El Barrio
Age: 55
Posts: 3,202
|
I make huge mistakes and screw-up all the time: where's my bonus? LOL.
Cal
__________________
"Vintage Hipster"
|
|
|
|
|
|
|
|
09-15-2012
|
#9
|
|
Moderator w/ Power Cosmic
photomoof is offline
Join Date: Mar 2008
Posts: 916
|
Interestingly Kodak announced they were putting the patent sale on hold "indefinitely" due to very low bids. http://www.democratandchronicle.com/...sey=nav%7Chead
The patents may not useful in the phone and digital patent wars for Google or others to pay a high price. Rumors are the bids were all sub 500k. How low they were has not been reported. Kodak may have few unlicensed patents in its portfolio.
Quote:
Last week came Kodak’s earnings, ergo losses, and the tally was almost $300 million after huge restructuring charges. The long-awaited patent auction is supposedly coming this week (or very soon) and we already have known that the bidders will include Google Inc. (NASDAQ: GOOG), Apple Inc. (NASDAQ: AAPL), and others. It is this patent sale which will pay creditors and offer whatever capital Kodak will have left when it relaunches outside of bankruptcy later this year.
Read more: Outrage: Bonus Paid To Kodak CEO Antonio Perez - 24/7 Wall St. http://247wallst.com/2012/08/06/outr...#ixzz26ZHmyx60
|
__________________
my posts have an expiration date - read 'em quick! 
“Torrents of glowing, crystalline photos rushed across their screens, making a funny and sad contrast with the dozen or so family photographs, developed and printed through the medieval complexities of chemical photography, laboriously framed, and hung on the walls of the room.”
― Neal Stephenson
|
|
|
|
|
|
09-15-2012
|
#10
|
|
Registered User
Roger Hicks is offline
Join Date: Apr 2005
Location: Aquitaine
Posts: 18,253
|
Quote:
Originally Posted by Jamie123
Well, he tried his best and his effort should be rewarded. Obviously.
|
Indeed, but with what sort of bonus? Should they give him a revolver and one bullet, along with a smile and a meaningful look?
Though in all fairness, his two immediate predecessors may have wrecked Kodak to th extent that even a genius (which Perez is not) would have stood no chance.
Cheers,
R. |
|
|
|
|
09-15-2012
|
#11
|
|
Registered User
Sejanus.Aelianus is offline
Join Date: Feb 2012
Posts: 629
|
Do forgive us for having a little chuckle over this side of the pond. We thought our "senior management" were top of the league of maggots; it's rather refreshing to see that they face a challenge for the Academy Award for Barefaced Effrontery!
__________________
Sometimes out of focus but never out of bounds...
pIXIS
|
|
|
|
|
09-15-2012
|
#12
|
|
Registered User
daveleo is offline
Join Date: Oct 2010
Location: Central Mass. (USA)
Posts: 1,173
|
Quote:
Originally Posted by muser53
Don't get me started.
|
or me !
 |
|
|
|
|
09-15-2012
|
#13
|
|
Registered User
Gumby is offline
Join Date: Sep 2007
Posts: 2,533
|
Maybe Kodak should have listed them on ebay.
__________________
With kind regards, ed.
|
|
|
|
|
09-15-2012
|
#14
|
|
Registered User
David_Manning is offline
Join Date: Jan 2009
Location: Aledo, Texas
Age: 47
Posts: 995
|
Same story here at my bankrupt airline...the pilots lose entire pensions, the top tier management will own tens of millions in stock for performance and retention at bankruptcy exit.
|
|
|
|
|
09-15-2012
|
#15
|
|
Registered User
Crazy Fedya is online now
Join Date: Aug 2010
Posts: 747
|
Quote:
Originally Posted by Gumby
Maybe Kodak should have listed them on ebay.
|
Sure, i would have bought them, and later claim, that they were not as described, and request a full refund after careful examination of them with the help of some expert.
__________________
Thanks,
Sam.
|
|
|
|
|
09-15-2012
|
#16
|
|
Registered User
Contarama is offline
Join Date: Sep 2010
Posts: 422
|
I bet he doesn't even own a Kodak anything...probably has a Leica!
Wouldn't it be nice to be one of the beautiful crooks! 
__________________
Art is the ability to make something...even if it is a big mess...
|
|
|
|
|
09-15-2012
|
#17
|
|
My Red Dot Glows For You
Gabriel M.A. is offline
Join Date: Mar 2005
Location: Paris, Frons
Posts: 9,944
|
Quote:
Originally Posted by Contarama
I bet he doesn't even own a Kodak anything...probably has a Leica!
Wouldn't it be nice to be one of the beautiful crooks! |
He has a Nikon. The proof is in the bonus. 
__________________
Fellow RFF member: I respect your bandwidth by not posting images larger than 800px on the longest side, and by removing image in a quote.
Together we can combat bandwidth waste (and image scrolling).
My Flickr | (one of) My Portfolio
|
|
|
|
|
09-16-2012
|
#18
|
|
Registered User
nemo2 is offline
Join Date: Jan 2011
Posts: 45
|
Quote:
Originally Posted by jtm6
Since the financial performance was in the red, is he giving some money back?
|
Pretty good idea :-) |
|
|
|
|
09-16-2012
|
#19
|
|
camera hunter & gatherer
Nikon Bob is offline
Join Date: Aug 2004
Posts: 3,829
|
Not surprising at all. Seems a pretty standard practice in the corporate world and has been for a long time. Hard to comprehend the mind set of the class of people who think it is perfectly fine to offer and accept bonuses under those circumstances.
Bob
__________________
<a href='http://www.rangefinderforum.com/photopost/showgallery.php?cat=500&ppuser=557'>My Gallery</a>
|
|
|
|
|
09-16-2012
|
#20
|
|
Registered User
RObert Budding is offline
Join Date: Oct 2004
Location: Arlington, Massachusetts
Posts: 1,200
|
Cut the highest marginal tax rates again and stand back! You'll see an economic miracle!!
__________________
"We've all heard that a million monkeys banging on a million typewriters will eventually reproduce the entire works of Shakespeare. Now, thanks to the Internet, we know this is not true."
~Robert Wilensky
"He could be right, he could be wrong. I think he's wrong but he says it in such a sincere way. You have to think he thinks he's right."
~ Bob Dylan
|
|
|
|
|
09-16-2012
|
#21
|
|
Waiting on Maitani
Trius is offline
Join Date: Mar 2005
Location: Rochester, NY & Toronto area
Posts: 7,841
|
Quote:
Originally Posted by Roger Hicks
Though in all fairness, his two immediate predecessors may have wrecked Kodak to th extent that even a genius (which Perez is not) would have stood no chance.
Cheers,
R.
|
True. "Perez is not [a genius]" is quite an understatement. |
|
|
|
|
09-17-2012
|
#22
|
|
Moderator w/ Power Cosmic
photomoof is offline
Join Date: Mar 2008
Posts: 916
|
Frankly the demise of Kodak is painful to watch too closely, considering how fast it is happening. I am surprised about the patents not having high value.
__________________
my posts have an expiration date - read 'em quick!
“Torrents of glowing, crystalline photos rushed across their screens, making a funny and sad contrast with the dozen or so family photographs, developed and printed through the medieval complexities of chemical photography, laboriously framed, and hung on the walls of the room.”
― Neal Stephenson
|
|
|
|
|
09-17-2012
|
#23
|
|
Registered User
Keith is online now
Join Date: May 2006
Location: Australia
Posts: 15,491
|
This is where these statements we are getting from well meaning individuals about 'committment' to consumer film and the 'guarantee of revenue' through archival film mean squat!
As long as they're prepared to humor an idiot like Perez with a handout like this you can't really believe anything they say through whatever mouth they choose to say it through!
__________________
---------------------------
zenfolio
|
|
|
|
|
09-17-2012
|
#24
|
|
Registered User
Frontman is offline
Join Date: Oct 2009
Location: 東京日本
Posts: 1,261
|
Mr Perez and the board are obviously looting their sinking ship before it goes completely under. It's not likely they will get away with it, the stockholders can sue, or the bankruptcy judge can force the money to be paid back, we'll have to see what happens.
|
|
|
|
|
09-17-2012
|
#25
|
|
Registered User
Film explorer is offline
Join Date: Jun 2012
Posts: 35
|
Quote:
Originally Posted by Keith
This is where these statements we are getting from well meaning individuals about 'committment' to consumer film and the 'guarantee of revenue' through archival film mean squat!
As long as they're prepared to humor an idiot like Perez with a handout like this you can't really believe anything they say through whatever mouth they choose to say it through!
|
Well said - I think that perhaps we have to take everything they say with a grain of salt. |
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
All times are GMT -8. The time now is 04:48. |
|
|
