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EASTMAN KODAK CO Message Board

  • viclobserver viclobserver Apr 16, 2013 9:43 PM Flag

    Kodak Employees To Receive Bonuses: While shareholders are being WIPED employees get a dividend

    "Hourly paid employees will receive a wage dividend of 5.5% of their eligible 2012 compensation. Exempt (level 2) and Executive employees receive bonuses under their variable pay plans.

    Kodak's Chief Administrative Officer Patrick Sheller made the announcement in a posting to all U.S. employees that reads: "We could not have achieved the excellent results we did in 2012 if not for your dedication and commitment. On behalf of Antonio, the Kodak Board and the management team, we thank you for helping to propel Kodak toward emergence as a profitable, sustainable company."

    For decades, the annual wage dividend, known as the Kodak Bonus, was a significant boost to the local economy, giving workers some extra spending power for items such as appliances and cars

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