Word: eastmans
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Until last week, the millions of amateur photographers who use Eastman Kodak Co.'s Kodachrome and Kodacolor films had no choice about where to have their films developed. They always had to send them to one of nine Eastman Kodak processing plants. Many a photographer complained about the time it took. Independent photo-finishing firms also objected to being frozen out of Eastman's big color-processing business...
Last week in the face of a federal antitrust suit, Eastman's Board Chairman Thomas Hargrave agreed in a consent decree to drop Eastman's pay-in-advance system, which includes the cost of processing in the price of a roll of color film.-Eastman will now sell a 20-exposure roll of 35-mm. Kodachrome for about $1.85, v. the present price of $3.25 including processing. Eastman will charge $1.50 extra to develop the roll, will license independent processors on a royalty basis to use its patents. Eastman also agreed to drop fair-trade pricing...
Actually, Eastman's virtual monopoly of the color film and processing business was a natural outgrowth of its invention of color film. To sell the film-and make sure that the difficult job of developing it was done correctly-Eastman had to set up its own laboratories. In the early stages Eastman offered to license some independent finishing firms to develop the films, but they refused because the process was too complex. Later, when the company introduced Ektachrome color film, outside processors began to develop...
...profit-sharing plans were on file with the Bureau of Internal Revenue. Each month 200 more are pouring in for approval. Among the recent converts: Chicago's Bell & Howell camera company; Manhattan's ad agency, Batten, Barton, Durstine & Osborne; the National City Bank. A fortnight ago, Eastman Kodak, one of the early profit-sharers, declared a "wage dividend" of $28.5 million for its 53,000 employees, an average bonus for each employee of more than $500 for the year...
...elected president of Rochester's Bausch & Lomb Optical Co. A sports fan and part-time politico (he is known as Rochester's "Mr. Republican"), Hallauer made an early mark in business by setting up one of the country's first employee recreation programs for Eastman Kodak. Bausch & Lomb wanted one like it, hired him in 1919 as industrial relations director, and later salesman. In 1931, he persuaded the late Al Smith to put Bausch & Lomb coin-operated telescopes atop the Empire State Building. In 1935 he was made sales vice president. As president Hallauer's biggest...