Word: kodak
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Dates: during 1980-1989
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WHAT'S NOT to like about a mega-million dollar, three-dimensional, outer-space music video starring Michael Jackson, directed by Francis Coppola, sponsored by Eastman-Kodak, and being shown, constantly, from here to eternity, in the Imagination Pavillion at EPCOT Center in beautiful Lake Buena Vista, Florida...
...went into the experience with my Cynic Ray set to stun. I had visions of Michael Jackson teaching HAL the computer to moonwalk, Coppola making a cameo appearance as Jabba the Hut belching 3-D jelly donuts, all to the tune of "Billy Jean," with brand new Eastman-Kodak lyrics...
Barclays' exit, which comes after pullouts by such American industrial giants as General Motors, IBM and Eastman Kodak, is the largest divestiture so far by a European firm. The South African Barclays affiliate employs 25,000 persons at more than 500 branches. More important, Barclays is the first major British enterprise to unload its holdings in South Africa. Britain is South Africa's largest outside investor, with assets worth an estimated $8.5 billion, or 40% of the foreign holdings in the country. If other British firms decide to follow Barclays' example, the exodus could have severe economic and political repercussions...
After IBM and General Motors announced last month that they planned to sell off their operations in South Africa, speculation quickly began over which big U.S. manufacturer would be next to go. Last week Eastman Kodak joined the growing list of departing companies, but Kodak went further than any other firm. The world's largest film and camera maker said it will not only sell its South African business, as other companies have done, but will refuse to sell any products to South African customers. Word of Kodak's withdrawal came one day after a three-week strike ended...
...Kodak's decision stung. For the first time, a major U.S. company had said it was selling its assets and simply walking away. Western firms that leave South Africa typically continue selling products there, often through local companies that buy the assets of the departing corporations. According to Kodak, its South African revenues were less than 1% of its $10 billion worldwide sales last year. Said Kodak Chairman Colby Chandler: "We cannot see with any certainty a time when South Africa will be free from apartheid. The implication of that situation is a degree of business risk that...