jr
Junior Member
Posts: 134
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Post by jr on Sept 3, 2013 17:59:25 GMT -5
“I’m very, very happy today,” Kodak’s CEO Antonio M. Perez told the WSJ. Instead of the struggling, debt-laden company that entered Chapter 11, the new company, he said, “comes with a great capital structure and with a great balance sheet”
Meanwhile, Perez is preparing to step down. He'll give up the CEO job sometime in the next year once a replacement is found. He plans to remain as an adviser.
In recent years, Perez has faced considerable criticism for Kodak's decline in value and lost jobs. But he brushed it off saying, "I have a very high threshold for the opinions of the uniformed."
Perez said the time is right for him to leave the company. He remains proud of how Kodak has continued to innovate, despite its financial hardships, he said.
"I love this company. I Iove what we have done," Perez said. "But now it's time."
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keith
New Member
Posts: 36
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Post by keith on Sept 3, 2013 19:54:49 GMT -5
Nothing new there. Just Perez being Perez. A dick from day one.
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fufat
Junior Member
Posts: 194
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Post by fufat on Sept 3, 2013 20:24:36 GMT -5
“I’m very, very happy today,” Kodak’s CEO Antonio M. Perez told the WSJ. Instead of the struggling, debt-laden company that entered Chapter 11, the new company, he said, “comes with a great capital structure and with a great balance sheet” Meanwhile, Perez is preparing to step down. He'll give up the CEO job sometime in the next year once a replacement is found. He plans to remain as an adviser. In recent years, Perez has faced considerable criticism for Kodak's decline in value and lost jobs. But he brushed it off saying, "I have a very high threshold for the opinions of the uniformed." Perez said the time is right for him to leave the company. He remains proud of how Kodak has continued to innovate, despite its financial hardships, he said. "I love this company. I Iove what we have done," Perez said. "But now it's time." He only loves this company because they put up with his no direction, losing money (not him personally losing money, quite the opposite) hand over fist pps decline nonsense. The company should of done what HP did................TO THE CURB!!!! They are going to have a tough time in about 2 or so years when the New Kodak has financial problems again just like the couple other bankruptcies they were in not too long ago. They are good at taking creditors and bond holders money to pay back the previous loans with it. The pattern is obviously apparent. Perez will be still on the books sucking the dough like a vampire out of this once paramount company. Gee I wonder why HP gave Mr. Perez the boot....... Hmmmmm. Just remember.....not the creditors, bond holders, shareholders, employees are the winners here....The upper management and BOD only truly profit from this... remember this before thinking of bashing someone who lost out in this play. The only play being made is on all of US by PEREZ and his Elitist Partners. As the late George Carlin put it...."IT'S A BIG CLUB.....AND YOUR NOT IN IT"
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Post by eastman on Sept 3, 2013 21:07:24 GMT -5
Haha. That quote is priceless. What a self absorbed prick. I guess those "uninformed" people are the ones who took his advice to buy the stock a couple of years ago when KKR loaned them money. If only some asshole hadn't run Kodak into the ground between the time he made that statement and the bankruptcy. Oh wait, Antonio Perez was the CEO the whole time. So whose fault is it Antonio? You told people to buy, ran the company into the ground and now have the balls to call those same shareholders "uninformed" because they believed you when you said buy the stock, and are now wondering where all the value went? Never your fault huh Antonio? The words "asset rich" come to mind.
Great work by the way on taking a company with a market cap of $8 billion in 2005 when you took over and destroying ALL of that value in less than a decade.
Thanks for the share buybacks because the stock was "undervalued". And thanks again for that lucrative venture into consumer printers (your pet project). How much did Kodak get for that business when they shut it down? Oh yeah, zero.
Last but not least, as chairman of the board that was very honorable of you to resign when you realized that you had destroyed all of the value for the people who you were PAID to represent. You weren't and still are not worthy of that office.
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Post by littlefred747 on Sept 3, 2013 22:48:37 GMT -5
Antonio Perez is without a doubt the biggest doosh bag I've ever seen...bar none.
A real piece of shyt.
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Post by angelsrwatchn on Sept 3, 2013 22:59:18 GMT -5
Ok...I'll give it to him.........now you know what the big A stands for mr A. Perez.......and it ain't Antonio......
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Post by jacksonhole1965 on Sept 3, 2013 23:32:09 GMT -5
The board of directors are even more at fault for leaving him in that position. There needs to be a law preventig the CEO from being chairman of the BOD.
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jr
Junior Member
Posts: 134
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Post by jr on Sept 4, 2013 22:31:23 GMT -5
The board of directors are even more at fault for leaving him in that position. There needs to be a law preventig the CEO from being chairman of the BOD. True.
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