Eastman Kodak Executive Got Trump Deal Windfall

“Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an ‘understanding’ with its board that had previously neither been listed in his employment contract nor made public,” CNBC reports.

“One day later, the administration of President Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the stock soared, making those additional options now held by executive chairman Jim Continenza worth tens of millions.”