|
Post by johndeere on Sept 5, 2013 14:41:41 GMT -5
Can anybody who was there confirm this?
|
|
jr
Junior Member
Posts: 134
|
Post by jr on Sept 5, 2013 14:58:14 GMT -5
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Sept 5, 2013 16:00:35 GMT -5
Not true. He was not booed.
But they did say that they would not be profitable on a GAAP basis until late 2014 or early 2015. This month the new BOD will decide when and where (NYSE or NASDAQ) the new stock will be listed. Some other things mentioned, too.
|
|
|
Post by johndeere on Sept 5, 2013 16:09:37 GMT -5
Thank you George!
|
|
|
Post by rub1331 on Sept 5, 2013 19:28:17 GMT -5
"This month the new BOD will decide when and where (NYSE or NASDAQ) the new stock will be listed."
Great! They DONT KNOW YET!
|
|
|
Post by angelsrwatchn on Sept 5, 2013 22:45:20 GMT -5
Perez:got 53,043 common shares at $11.94 worth $633,333,42 and he got 159129 restricted stocks if you value it at $11.94 that is $1.9 million for our leader who threw us under the bus.............way to go BIG A!!!!
|
|
|
Post by arcticfox on Sept 7, 2013 11:05:54 GMT -5
Perez:got 53,043 common shares at $11.94 worth $633,333,42 and he got 159129 restricted stocks if you value it at $11.94 that is $1.9 million for our leader who threw us under the bus.............way to go BIG A!!!! Perez is the real villain in this whole saga. He has done more damage to the economy of this country and wrecked more lives than most criminals in recent history. The worst part of it is, he is going to get away with it. When all is said and done, he will take his golden parachute and retire his fat ass in a remote Spanish villa. As someone mentioned before. The only possibility of any repercussion is if someone within the Kodak management inner circle is willing to reveal some impropriety and dirty laundry that Perez has. Mark Hurd, the former CEO of HP, was taken down by seemingly trivial as misleading business expense submission. I am willing to bet that a total slime ball like Antonio Perez, aka worst CEO of the year for several years running, has plenty of skeletons in his closet. But until there is a reason for someone to talk, we probably will never hear about it.
|
|
|
Post by jedwards99 on Sept 7, 2013 12:18:30 GMT -5
The reason people are given shares of stock is to incentivize those that are in decision making positions to grow the business. AP not only drove the business into the ground, but he has announced that he is a short timer and is leaving. What is the world is the rationale for providing him with 2.5 Million in stock. If this is linked to his "lost assets" from the Chapter 11 then wouldn't this him being treated differently than other asset classes. The deal was made while they were in CH11. This stinks. Why not issue EMPLOYEES some stock or at least options so those how CAN help grow the business and stuck around can reap some rewards.
|
|
|
Post by Marriott on Sept 7, 2013 12:43:37 GMT -5
The reason people are given shares of stock is to incentivize those that are in decision making positions to grow the business. AP not only drove the business into the ground, but he has announced that he is a short timer and is leaving. What is the world is the rationale for providing him with 2.5 Million in stock. If this is linked to his "lost assets" from the Chapter 11 then wouldn't this him being treated differently than other asset classes. The deal was made while they were in CH11. This stinks. Why not issue EMPLOYEES some stock or at least options so those how CAN help grow the business and stuck around can reap some rewards. jedwards99 : You are trying to apply reason and fairness to a process that does not value these attributes. It took me awhile and some dollars lost to understand that bankruptcy is a legal process for debtors seeking to eliminate or repay their debts under the supervision of a Federal Court . We may talk about fair treatment to all stakeholders but the bottom line is creditors must be paid within the established priority of creditors' interests. In my opinion the system is flawed because the debtor may paint any picture they choose . Simply put, the picture may be sunny or dark . And oh yes , don't forget who is in the driver's seat !
|
|
|
Post by jacksonhole1965 on Sept 7, 2013 12:50:55 GMT -5
Nice point Jed. The trustee had an issue with it because there was no explanation on how he earned them..The judge appeared to look at the dollar amount instead of listening to the trustees rational..More fuck ups by Kodak and the court in my opinion.
|
|
|
Post by angelsrwatchn on Sept 7, 2013 14:44:25 GMT -5
Even the US Trustee objected and it got glossed over......
|
|
|
Post by littlefred747 on Sept 8, 2013 22:48:14 GMT -5
Perez:got 53,043 common shares at $11.94 worth $633,333,42 and he got 159129 restricted stocks if you value it at $11.94 that is $1.9 million for our leader who threw us under the bus.............way to go BIG A!!!! Perez is the real villain in this whole saga. He has done more damage to the economy of this country and wrecked more lives than most criminals in recent history. The worst part of it is, he is going to get away with it. When all is said and done, he will take his golden parachute and retire his fat ass in a remote Spanish villa. Agreed.... It is stunning how his ego protects him from shame, guilt and humiliation.
|
|