Sunday, January 1, 2012
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2 comments:
(Reuters) - The third director in a week has resigned from Eastman Kodak Co as the former film giant struggles to survive the dominance of digital photography. Laura Tyson, a professor and White House advisor, told Kodak she was resigning from its board, the company said in a Securities and Exchange filing.
Kodak, which was once synonymous with photography, is looking to sell patents to shore up its shrinking cash position and stay in business after failing to turn an annual profit since 1997. Last month, the Rochester, New York-based company warned that unless it could raise $500 million in new debt or sell some patents in its portfolio, it might not survive in year 2012.
Former Senator Chris Dodd (D-Conn.) is known for his contribution to the 2008 mortgage crisis. The former head of the powerful banking committee in the Senate, consistently resisted attempts by the Bush Administration to closely regulate Fannie Mae and Freddie Mac. Chris Dodd also got preferential treatment from Countrywide on two mortgages, and received thousands of dollars in contributions from Fannie Mae and Freddie Mac over the years.
Well, the former CT Senator Dodd moved on to greener pastures, after the 2010 elections Chris Dodd quickly landed on his feet by becoming chairman and CEO of the Motion Picture Association of America. And, he brought that magic Dodd touch with him, when the movie industry sold 1.28 billion tickets in North America in 2011, according to Hollywood.com, making it the lowest ticket sales since 1995. That Magic Touch?
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