Kodak. Bankrupt.
Lots of thoughts about this, of course. (Polaroid people lived through it, twice, and it was awful. I hope Kodak’s pensioners come out of this better than Polaroid’s did.) Lots of coverage, as you’d expect, in the Rochester Democrat & Chronicle, Kodak’s hometown paper.
Just one statistic: Kodak at its peak, circa 1985, had about 130,000 employees (one source says 145,000). Now it’s 17,000, and that number’s almost surely going to drop further.
I’ve said my piece over at New York magazine’s Daily Intel blog, and welcome any of you who are coming from that link.
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