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Cryptocurrencies: 5,992
Markets: 545
Marketcap: $ 581.72 B
24h Vol: $ 114.70 B
BTC Dominance: 60.58%

[ZEROHEDGE] Kodak Executives Received Millions In Stock For Options They Never Owned

Zero Hedge

Kodak Executives Received Millions In Stock For Options They Never Owned

Tyler Durden

Thu, 11/12/2020 – 14:21

Today in “new and creative ways to potentially increase your executive compensation” news…

Kodak took a $5.1 million expense in the third quarter related to handing five of its former executives stock for options they never owned to begin with.

The issue has “raised questions about the company’s controls,” Financials Times said this week, putting it lightly. The company has blamed internal “deficiencies” that allowed five former officers to exercise 300,000 options that had previously been forfeited. 

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