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Kodak proposes bonuses

Eastman Kodak Co. is seeking permission to pay about 300 executives and other employees a total of USD13.5 million in bonuses to persuade them to stay with the company as it reorganizes under bankruptcy-law protection.

The Rochester-based photography company said the targeted employees have knowledge and skills critical to help the business emerge from Chapter 11 and would be difficult to replace if they left to pursue other offers.

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(Source: The Wall Street Journal Online)