Word: kodaks
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Dates: during 1990-1999
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...challenge every aspect of the corporate culture -- and that almost always means cutting jobs. Gerstner is continuing to reduce the work force at IBM, which has already lost 180,000 jobs over the past eight years. Under Bossidy, Allied Signal has taken employment down by 13,000. At Kodak, Fisher will inherit his predecessor's last restructuring plan, which will lower the head count...
With customers switching rapidly from films and photographs to electronic imaging, Fisher is expected to focus Kodak on digital forms of pictures that can be stored and transmitted by computer. The chance to rebuild Kodak the same way he revamped Motorola thrills Fisher. "To do that twice in my life, that's a big opportunity." But, he adds, "the first order of work will be to % make sure our financial house is in order." As to his financial house, Fisher, who earned $5 million at Motorola last year, could pocket up to $100 million in salary, bonuses and stock options...
Motorola Chief to Kodak...
Photographic giant Eastman Kodak successfully wooed George Fisher, chairman of high-tech electronics firm Motorola, to become its new chairman and chief executive officer, effective immediately. Fisher had brilliantly positioned Motorola to compete in the new world of communications, and his move shocked the company's board and employees...
George Fisher plans to grow Kodak back to health...