Reuters exclusively reported that Eastman Kodak Co granted its executive chairman options for 1.75 million shares as the result of an “understanding” with its board that had previously neither been listed in his employment contract nor made public. A day later, the Trump administration announced a $765 million financing deal with Kodak. The company’s stock soared in the days that followed, making those additional options worth tens of millions of dollars.
Business & FinancePolitics
Reuters exclusively reports Eastman Kodak top executive got Trump deal windfall on an ‘understanding’
07 August 2020, 7:53 pm 1 minute
Article Tags
Topics of Interest: Business & FinancePolitics
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text