The New Flash At Kodak

Say one thing for George M.C. Fisher: He doesn't shy away from big decisions. A scant five months after taking over as Eastman Kodak Co.'s CEO, Fisher stunned outsiders on May 3 by announcing that Kodak would auction off three big units, including the Sterling Drug Inc. operations bought in 1988 for $5.1 billion. In a single stroke, Fisher repudiated the failed diversification strategy of his predecessors, shored up a debt-laden balance sheet, and underscored his commitment to Kodak's imaging business.

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