You can observe a hundred operations and that will not make you a surgeon. You can spend hundreds of hours wathing a pharmacist and that will not make you one. People understant this almost universally, with two notable exceptions: management and government. Even people like you, who never managed anybody and have barely learned how to manage themselves pass judgement on management --- and not merely judgement, but in most strong terms.
Well, not knowing even basics of management and yet calling Kodak management stupid is not smart: it only shows the ignorance of the speaker. Learn something about management before you form opinions and pass judgement in this area.
If amorality and pandering to deviants are necessary management skills, American business is doomed.
Trust me, they are. The system broke down time after time, and it cost the company hundreds of thousands, if not millions, of dollars. Because of a management screw up, I saw them have to THROW OUT two months worth of their flagship product. All because of an ill-considered costcutting move.