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Mike from Non-Gaap on the Corporate Dark Arts

Yet Another Value Podcast

CHAPTER

Kodak's CEO and the Board Stolen $30 Million From Shareholders

Kodak gave their CEO a bunch of options struck at $3 per share, right? So you would only do the stocks at one. You'd only do three if you knew the stock was going to explode. But because the compensation committee and our advisors are signing off on it and approving it through these mechanisms, there's a lot more gray area and wiggle room to legally get it done. And you pull it off.

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