Reuters exclusively reports Eastman Kodak top executive got Trump deal windfall on an 'understanding' | Reuters News Agency
Business & FinancePolitics

Reuters exclusively reports Eastman Kodak top executive got Trump deal windfall on an ‘understanding’

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.

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
FILE PHOTO: A worker cleans a Kodak booth at the Las Vegas Convention Center in preparation for 2019 CES in Las Vegas, Nevada, U.S. January 6, 2019. REUTERS/Steve Marcus/File Photo
Sign up for email updates
Subscribe
Sign up for email updates