CEO Hall of Fame
Most Respected CEOs and CEO Hall of Fame
George Eastman, CEO of Eastman Kodak - The Portal Camera (1854-1932) - USA
- "You push the button, we do the rest". (George Eastman)
Key Work
- Starts work at the Rochester Savings Bank
- Takes up photography
- Patents a dry plate and a machine for mass-producing it.
- Takes Henry A. Strong as partner and incorporate Eastman Dry Plate and Film Co.
- Developed KODAK The portable camera thus converting a complex scientific process that was restricted to few specialists and turned it into a commercial mass-market product.
- Implement "Wage dividend" strategy and create a work force ownership, remuneration and benefits programs launch him into more success.
- Hands one-third of his company holdings to the employees.
- Eastman photographic empire grew from one assistant to over 13,000 employees.
Management history remembers him as an enlightened manager who introduced business practices that, till today, are being implemented as a core competitive advantage by leading global companies.
Books and References:
- Aclerman,Carl W., and Edwin R. Seligman. George Eastman: George Eastman: Founder of Kodak and the Photography Business (Business Biographies). Boston, MA: Houghton Mifflin Co., 1930.
- Brayer, Elizabeth. George Eastman : A Biography. Baltimore, MD: Johns Hopkins University Press, 1996.
- The Story of Kodak . New York: H.N. Abrams, 1990.
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