More links of note today:
– Two members of the Kodak board who represented KKR’s stake in the company and were supposed to help lead a turnaround resigned today. From the Wall Street Journal:
The men obtained their seats after KKR helped Kodak with a fresh injection of funds needed to weather the recession.
Kodak is again seeking funds as an expensive turnaround burns through its cash. The resignations signal KKR isn’t planning to step in this time.
Messrs. Chen and Clammer are young and tech-focused, the type of directors Kodak needed as it tried to make the transition from an analog film company to one that focused on digital products, people familiar with the matter said.
– The Democrat and Chronicle obtained the police report of Airport Director Susan Walsh’s arrest. Excerpt from article:
…she explained the vehicle was not hers and asked him to help her.
“I asked her what she wanted help with and she looked up and me and said, ‘You know what I mean,’ ” the officer, Michael Brandenburg, wrote in his report. “As she was speaking, I could smell a strong odor of an alcoholic beverage coming from her breath and her speech was mumbled and slurred. I also observed that her eyes were glassy, bloodshot and watery.”
– Rochester has had 29 homicides so far this year. It’s one of the less violent years in the city’s recent history. In the early ’90s we had several years with more than 60 homicides. I crunched some numbers in a 13WHAM News post.