Thursday, January 5, 2012

Kodak Reportedly to Seek Bankruptcy Protection

Given its current business lines,  is unclear what sort of business will be left after any reorganization. It is already a shell of its former self and, Chapter 11 or not, is well along the path of complete extinction. Here, there is an interesting link to the list of previous iconic brands -- Borden, Mack Trucks, Woolworth -- all, like Kodak, that were once part of the elite 30 stocks which comprise the Dow Jones Industrial Average. I am sure there is a lesson here, though I am not entirely sure what. That said, what we do know is  that the "creative destruction" that is so integral to Capitalism is in full force. Especially the destruction part.


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