The Man Who Invented the Digital Camera

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

put his company out of business:


http://www.huffingtonpost.com/2013/0...dl-cards-image

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Kodak was an old company resistant to change. One could see the bankruptcy on the horizon for decades if they took off the lens cap.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

The digital camera didn't put Kodak out of business - the failure of upper management to recognize the changing landscape and failure to USE the very digital camera their own company / employee invented, all while paying themselves VERY VERY well, brought a great company to it's knees. Once Kodak employed 60,000 + in massive, state of the art factories creating true wealth by real products people wanted and companies needed.

Now it has 1/10th of the employees, creates almost nothing (mostly rebranded products from others) and has sold off virtually everything that they built or owned. It is a sad ending to a once truly great corporate giant. And surprisingly no union was involved (or exists to blame) - the "brains" playing to Wallstreet demands did it all by themselves.

Perhaps saddest is the feeble minded CEO minding the ship today who got over $16 MILLION for bankrupting the company! What is wrong with this country that this is the norm rather the exception now days? (I never worked for Kodak, although my brother did as a two semester co-op in his Engineering school years. He left then - in the 70's as Kodak was in it absolute peak earnings / glory years - despite getting a tremendous offer to go to work for them full time saying they didn't have a clue. Now I know how correct he was).