Word: kodaking
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White is a former Eastman Kodak executive who helped with the 1992 presidential candidate Ross Perot's economic plan...
Having succeeded in Schaumburg, the 52-year-old mathematician last week announced that he would try again in Rochester, New York, this time for Eastman Kodak. It may be the most calculating task of his career. He takes over as chairman, president and chief executive officer from Kay Whitmore, whose three-year tenure as CEO came to an ignominious end three months ago when the company's board of directors asked him to resign as soon as a successor could be found...
When the board made clear it was looking for an outsider, the stock began to climb. That's because Wall Street believes that only outsiders can bring radical change to companies that desperately need it. Put Kodak in that category. Though the company enjoyed a healthy cash flow from sales of all those little yellow boxes of film, it never seemed able to get costs under control or high-tech products successfully launched. In spite of numerous restructurings, the company posted losses of $1.7 billion on revenues of $11.9 billion during the first nine months...
Other events included a discussion on documentary filmmaking, an homage to French director Ren* Clair and a seminar on film exposure given by Eastman Kodak. The Boston premiere of "In the Soup" at Coolidge Corner's antique theatre closed the festivites. As the antic story of an aspiring independent filmmaker driven to crime to fund his work, Rockwell's film proved a fitting close to a work-shop. Cassel, Rockwell, and his wife, actress Jennifer Beals, afterwards answered questions on the film, made on a minuscule budget of $800,000. Rockwell, a Harvard Square native, belongs to a rare species...
Instead of hiring, such giants as IBM, General Motors, United Airlines and Eastman Kodak are still slashing their payrolls. And dynamic small start-up firms -- which created 20 million jobs in the 1980s -- have faced a lending crunch that denies them the capital they need to grow and add new jobs. All that has left the health-care and temporary-help industries as the chief source of hiring since the recession officially ended in March...