Rye Catcher
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- Nov 21, 2019
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Corrupt Crony Capitalism at work?
When word leaked last week that the Trump administration was lining up a $765 million loan to the hard-luck company once synonymous with photography, shares of Kodak stock skyrocketed from a little over $2 apiece to $60 apiece before settling back down.
The company's chief executive officer and a small set of insiders made hundreds of millions of dollars on paper, and possibly in cash in some cases, according to filings with the Securities and Exchange Commission and news reports.
Analysis: Trump's perfect storm of a Kodak deal gets new scrutiny
Analysis: The chain of events that led to the film company's $765 million deal and roller coaster stock ride is uncanny.
www.nbcnews.com
When word leaked last week that the Trump administration was lining up a $765 million loan to the hard-luck company once synonymous with photography, shares of Kodak stock skyrocketed from a little over $2 apiece to $60 apiece before settling back down.
The company's chief executive officer and a small set of insiders made hundreds of millions of dollars on paper, and possibly in cash in some cases, according to filings with the Securities and Exchange Commission and news reports.