Bankrupt photo company Eastman Kodak Co. has reached an agreement to spin off two of its units to a group of U.K. retirees, thus settling $2.8 billion in claims from the pensioners.
Rumors have swirled for months now about the fate of Eastman Kodak Co. Perhaps there was some optimism that the company might stave off bankruptcy when it announced a leadership shakeup that saw its GC, Laura Quatela, promoted to president but, alas, it didn’t pan out. This morning, Kodak officially...
Eastman Kodak Co. is enduring tough times these days, but perhaps a change in leadership will help jump-start the company’s fortunes. The photography giant announced yesterday that it has promoted its general counsel, Laura Quatela, to president, effective Jan. 1, 2012.