After reports that Kodak might have to cease operations based on the latest financial results, the company issued a statement indicating plans to use its pension fund to pay off a portion of its debt.
I hope Kodak’s employees had other retirement savings.
According to Google: “Jim Continenza, the CEO of Eastman Kodak, received a total compensation of $6.23 million in the most recent year reported. This compensation includes a salary of $996,516 and $5.2 million in other forms of compensation, such as bonuses, company stock, and options.”
Here is the full text of the statement:
