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Impressed by your grasp of the facts - I grew up in Buffalo NY and went to school with a good number of people who were employed by Kodak in the 70s and 80s - the company had a big time bloated org structure, way too much inefficient overpaid mgmt. Fat cats to the nth degree.
I also spent some time with Xerox in Rochester as a consultant helping them adopt modern material mgmt techniques - to say that they were decades behind Japanese rivals and completely oblivious of it would be a gross understatement.
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