Thursday's Popular Information examined the unusual $765 million loan from the Trump administration to Kodak. The loan, intended to allow the struggling film company to get into the generic pharmaceutical business, sent Kodak's stocks soaring from $2.11 to nearly $60. (As of this writing, the stock is priced at about $23.) Popular Information report included details on a significant purchase of stock by Kodak CEO Jim Continenza a month earlier when negotiations for the government were underway. Kodak
I'm so sick of so much blatant corruption. World wide. Thanks for continuing to dig up the rotting skunk.
I want to thank you for clarifying another sleazy transaction by already wealthy CEO’s. Kodak’s greedy, dishonest, (but not totally illegal) transactions to make their top execs richer smells to high heaven! I want my taxpayer loan back!! With interest! And I want these men prosecuted because if what they did is legal, then what’s the point of sending other people to prison for swindling us out of a few thousand dollars. I feel like I’m living in some kind of alternate upside down world where the cheaters just keep benefitting. How and why do they continue to get away with robbing taxpayers?!?!
This is "normal" for Wall Street these days. Super complex deals that take huge amounts of financial regulators' time. Jungle capitalism and greed.
@Judd have you looked into the Goldman-Sachs one-sided downgrading of Apple stock? It bounced the stock down and not only just before their earnings announcement, but also just before Apple announced a 4 way split which is driving the price up.