01 Dec 2013 -- click here for earlier articles
"My name is Ozymandias, King of Kings. Look on my works, ye mighty, and despair." Everyone knows about the "traveller, from an antique land, who said, 'Two vast and trunkless legs of stone there stand'..." and about the way in which the once-mighty empire of Ozymandias had completely been forgotten. They tend to forget that exactly the same thing happens, a lot faster, in the modern world. Where are Agfa and Polaroid? For that matter, what is Kodak's future?
The lamentable truth, all too often, is that the names survive, licensed to often inferior products: literally, trading on a name. Sadder still, Gevaert (which was of course swallowed up by Agfa) is still coating very good film, without receiving any real credit and without most people even being aware of its existence.
This is what happens when money men are allowed to run businesses. They pretend they understand business. They don't. They don't even understand money. All they understand is short term gains. For themselves. For shareholders? Don't make me laugh. Why should they care about shareholders, even in the medium term, when they can line their own pockets, and get out when the going is good?