I reported on Eastman Kodak Co. for the Rochester (N.Y.) Democrat and Chronicle from 1980 to 1992. That was the start of its decline, although I didn’t realize it at the time. I thought everything that went wrong was a temporary setback, from which the company would recover.
At the time, I thought the same thing about the United States as a whole. But there’s no law of nature that says once-great companies or once-great nations will remain great forever. That’s up to the people in them.
Click on The Rise and Fall of Eastman Kodak for a view of Kodak’s decline by a smart Wall Street analyst.
Click on Eastman Kodak and the idea of loyalty for an earlier post of mine.
Click on In memoriam: 75 years of Kodachrome for thoughts on Kodak’s legacy.