To match Feature EASTMAN/KODAK

 
To match Feature EASTMAN/KODAK
A statue of Eastman Kodak founder George Eastman stands on the University of Rochester campus in Rochester, New York, December 23, 2011. Eastman is best known as the inventor of photographic film and founder of Eastman Kodak Co, but his century-old legacy of entrepreneurship now rides on the lesser-known Eastman Chemical Co. That was hardly the case in 1994, when Eastman Kodak spun off its chemicals business to help pay down debt. At that time, Kodak was still a colossus in photography whereas Eastman Chemical was a small player very much in its parent's shadow. But because of a sea change in digital technology and different approaches to business, Eastman Chemical's stock market value has since increased 71 percent to $5.5 billion today, while Kodak's has plummeted 99 percent to about $185 million. Picture taken December 23, 2011. To match Feature EASTMAN/KODAK REUTERS/Adam Fenster (UNITED STATES - Tags: BUSINESS MEDIA)