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Kodak: plenty of fault to go around
Rochester, N.Y. A wave of criticism is crashing down on Kodaks CEO Antonio Perez following the news he will leave his post by fall of next year.
John Larish, author of Out of Focus, which details Kodaks slide, says Perez deserves some of the derision, but certainly not all of it.
I think the real damage to Kodak started in the 1960s, Larish said.
It was then, Larish said, the company ripped off Polaroid technology, a move that landed Kodak in court and cost the company nearly a billion dollars.
Larish also points to all the duds, like the disc camera.
Moreover, the company, for years, refused to embrace digital technology.
Larish says Kodak also sold off some of its most profitable businesses.
Most of those mistakes happened under the watch of previous CEOs like Colby Chandler, Kay Whitmore, George Fisher, and Daniel Carp.
Still, Larish says Perez does deserve a good share of the derision.
Antonio Perez probably shouldnt have been CEO of that company to begin with, Larish said. He came with very limited knowledge about anything outside of inkjet printers.