Kodak Board Member, Wife Donated $116M In Company Shares During Federal Drug Loan-Related Stock Surge

An Eastman Kodak Co. (NYSE: KODK) board member and his wife donated nearly half their stock holding in the company, amounting to 3 million shares, to a religious charity on a day when the company’s stock hit its highest valuation since 2014, the Wall Street Journal reported Tuesday. What Happened George Karfunkel and his wife Renee Karfunkel made the donation to New York-based Congregation Chemdas Yisroel on July 29, according to a filing with the United States Securities and Exchange Commission. The donation, thought to be the largest made to a religious organization based on a list maintained by the …read more

Source:: Yahoo Finance

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