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Mama, they took my Kodachrome away. And Kodak too.

1.04.2012 by Kevin Creighton

Wow.

Eastman Kodak Co. is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said, a move that would cap a stunning comedown for a company that once ranked among America's corporate titans.
The 131-year-old company is still making last-ditch efforts to sell off some of its patent portfolio and could avoid Chapter 11 if it succeeds, one of the people said. But the company has started making preparations for a filing in case those efforts fail, including talking to banks about some $1 billion in financing to keep it afloat during bankruptcy proceedings, the people said.

The lesson to corporate America couldn't be clearer: Adapt or die.


Life During Wartime

by Kevin Creighton

Anyone who's worked in a dysfunctional organization can sympathize:

"Organizations that succeed -- especially in wartime -- do so by ensuring that bad news gets to the top. Eisenhower made a big point of that in World War Two. The Vietnamese made a big point of it when they were fighting us. The suppression of bad news and the concealment of failure are the hallmarks of dysfunctional organizations."

If I don't know about a problem, I can't fix it.

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