As Kodak board members abandon ship, renewed bankruptcy rumors sent shares of Rochester's once-mighty Eastman Kodak Company to a new low today.
Shares in photography company Eastman Kodak have tumbled to a new all-time low following a report that the ailing company is getting ready to seek bankruptcy court protection.
The Wall Street Journal said Kodak is preparing for a bankruptcy 11 filing "in the coming weeks" should efforts to sell a trove of digital-imaging patents fall through.
Among the well paid geniuses who ran Kodak into the ground, and the most recent fleeing board member, elite academic Laura D'Andrea Tyson was head of Bill & Hillary Clinton's National Economic Council and 16th Chairman of the White House Council of Economic Advisers. Amazingly, the teflon Tyson is now on deck for a similar position in the Obama administration.