Word: kodak
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...year ago, Berkey Photo (1978 revenues: $199 million) won a major victory over giant Eastman Kodak ($7 billion) in one of the largest private antitrust suits in history. A federal district-court jury in Manhattan found that Kodak, which made more than 80% of the film sold in the U.S. in 1973, when the case was first brought, and garnered over 60% of camera sales, not only had monopoly power in the amateur-photography field but had used this power unfairly. Berkey was awarded treble damages of $87 million. Now, in an equally stunning reversal, the U.S. Second Circuit Court...
...core of Berkey's complex case was a charge that Kodak abused its dominant position when it launched its 110 Instamatic camera in 1972. The camera used a special-size film that came in an easy-to-install cartridge. Other camera makers were riled because they were caught by surprise and lost sales during the time it took to develop models that could use that cartridge. Berkey argued that Kodak had exploited its dominance in film manufacturing to give its Instamatic an unfair advantage over competitors and that it should have told its competitors in advance about...
This year the Corporation will consider resolutions asking Philips Petroleum and the 3M company to withdraw their operations from South Africa, a resolution asking Kodak to stop sales of certain kinds of photographic equipment to the South African government, a resolution calling on Exxon not to expand its South African operations, a resolution calling on Bristol Meyers to change its Third World infant formula marketing practices, resolutions prohibiting ex-government officials from taking jobs with General Electric and several other companies, and resolutions on redlining, political contributions, and journalistic practices...
...Kodak resolution is similar to one defeated at the annual meeting last year. Unless a resolution gets 5 per cent of the proxy votes it cannot be reintroduced the next year. The SEC makes sure slightly-reworded resolutions do not slip through...
...group of 48 Roundtable member firms, among them AT&T, General Motors, Exxon, Procter & Gamble, Dow Chemical and Eastman Kodak, were examined for the added costs caused in 1977 by just six federal regulatory agencies and programs. The total: $2.6 billion, which was equal to about 16% of the companies' net profits, 10% of their capital expenditures and 40% of their R. & D. budgets for the year. IBM Chairman Frank Gary, who supervised the study, reckoned that the $2.6 billion figure, extrapolated to cover the whole U.S. economy, would yield an overall cost of regulation that is "not inconsistent...