Kodak Bonuses Are a Bad Move

The Eastman Kodak booth during the 2012 International Consumer Electronics Show (CES) in Las Vegas. Photograph by Daniel Acker/Bloomberg

On Friday, Eastman Kodak asked the U.S. Bankruptcy Court for permission to pay out $13.5 million in “stay” bonuses to 300 of its top managers so they don’t quit during the reorganization. This latest request is a sure sign that the company simply doesn’t get it—and that any possible turnaround is doomed.

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