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White House Trade Advisor slams Kodak executives over SEC investigation

White House Trade Advisor slams Kodak executives over SEC investigation Photo: News10NBC.

WHECTV
Updated: August 17, 2020 06:36 PM
Created: August 17, 2020 04:38 PM

ROCHESTER, N.Y. (WHEC) — White House Trade Advisor Peter Navarro is blasting Kodak executives less than one month after he was in Rochester to announce that the company was getting a government loan to produce drug ingredients.

The deal is on hold while the Securities and Exchange Commission investigates Kodak's disclosure of the deal.

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Trading of the company's stock picked up significantly the day before the official announcement.

Questions have also been raised about the timing of stock options given to the executive chairman.

Navarro mentioned the situation while on CNBC’s This Morning.

"Based on what I'm seeing, and let's get it investigated, what happened at Kodak was probably the dumbest decisions made by executives in corporate history,” he said on the show. “You can't fix stupid, Joe."

News10NBC reached out to Kodak for a response, but a spokesperson refused to comment.


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