Eastman Kodak Co. is forecasting “double-digit” revenue growth in China this year as it seeks to capitalize on the nation’s demand for technology to spur economic growth, according to its chief executive officer.
Kenneth Feinberg , the paymaster at companies rescued by the U.S. Treasury, recently cut cash compensation for executives at American International Group Inc. and General Motors Co. He said some companies are buying into his credo of pay tied to performance.
A victory for Eastman Kodak Co. in its patent fight with Apple Inc. and Research in Motion Ltd. may add more than $1 billion in revenue from royalty payments, Chairman and Chief Executive Officer Antonio Perez said.
Eastman Kodak Co., the unprofitable 131-year-old imaging company, adjusted its management structure and created a chief operating office to reduce costs as its sales decline and cash reserves dwindle. The stock soared.