While Kodak continues to slide it has been sliding for a long time and
the city of Rochester is already in a bit of a recovery. The city's
unemployment rate is running about 7% vs the state's overall average of
8%. It has a highly educated work force and is well positioned for
future growth in other industries which now seems to be underway.
Chuck Norcutt
On 12/4/2011 8:29 AM, Ken Norton wrote:
> I do kinda feel for the community of Rochester. So much of the economy of
> that area is dependant upon that loser of a company. My employer just
> bought another company in that city and made the unusual decision (past
> history) of actually leaving leaving most of the employees there. My
> concern was that we'd throw Rochester under the bus, but for now it looks
> OK. Wish Kodak could slap itself out of this self-destructive mode, but I'm
> thinking that it won't happen because the very nature of the corporate
> culture is ALL about continuity of a business mindset which no longer works.
>
> I saw firsthand the destruction of a company called Maytag. The beuracracy
> was so thick that adaption to changing markets was impossible. For the last
> 20 years their growth was through buying other companies. They could never
> figure out how to sell anything in the international market and the
> manufactering was so horribly expensive that they couldn't be price
> competitive either. Add to that the fact that employee absenteeism ranged
> from 15% to 30% and you wonder how it ever managed to get any product out
> the door.
>
> Both Kodak and Maytag had very similar backgrounds and corporate cultures.
>
> BTW, I no longer work in the former Maytag headquarters complex. It sits
> mostly vacant. It's a $16,000,000 complex which you can now purchase for
> $1. See paragraph one.
>
> No, I'm not kidding.
>
> AG
>
>
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