
Ever heard that before? Well, AskIndyTed just got the business end of a stick stuck up my "you know what". Yesterday, Eastman Kodak Company terminated the company my father started in 1950 as a reseller of their products. Kodak also terminated twenty-three other closely-held small dealerships like us across the USA. They have decided to market their goodies through "Big Box" companies. The decision to whack us was made by upper management. Hey, it's "just business".
Well, the Meek's small business was started with $5,000 borrowed from a man who baked pies for a living. He was grateful for the nursing care my mother gave to his wife who was dying from cancer during World War II. He loaned the money to my father with a handshake. He trusted my Dad would pay him back. That's "personal".
My father built the business into a successful enterprise with Kodak as his flagship product line. The partnership was a win-win for both companies. Kodak was a wonderful company because they developed "personal" relationships with all of their resellers. We pointed with pride to our Kodak partnership as "bleeding yellow".
That success made it affordable for my father to send all six of his children to college. It was something he was denied due to the war and the Great Depression. He was a proud papa when we all graduated. It made it possible for me to do the same for my three sons and my wife as well, through her 3 degrees.
But, the last decade has been a mess. Kodak has been unraveling as they have tried to convert from a film-based company to a digital-imaging company. Translated, that means moving from a very profitable business model to a huge money-sucking vacuum. Meanwhile, the management team at Kodak has been completely replaced with people whose history at the company probably spans less than five years and they have very skillfully driven the stock price down to $2 per share. Bleeding yellow is a forgotten culture. Can you believe this...our customers found out and called us before Kodak did..how's that for class?
What could be the problem? Evidently, someone in Rochester thinks small independently-owned companies must be the problem. So they sent out the order to shoot 'em all!
Now, I take that "personal".
Showing posts with label Kodak. Show all posts
Showing posts with label Kodak. Show all posts
Monday, March 9, 2009
It's not Personal. It's Just Business.
Publicado por
Ted Meek
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Etiquetas: Kodak
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