Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding' - News Tags

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Sunday, August 02, 2020

Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'

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NEW YORK / LONDON Eastman Kodak Co on Monday gave its chief executive options of 1.75 million shares as a result of what a person familiar with the deal described as an "understanding" with his board of directors that was not previously on his contract work or made public.

A day later, the administration of President Donald Trump announced a $ 765 million financing agreement with Eastman Kodak, and in the days that followed the action skyrocketed, making those additional options that now have Chief Executive Jim Continenza worth dozens of millions.

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