Video: Kodak's Ex-CMO Discusses Company's Bankruptcy

Jeffrey Hayzlett, former chief marketing officer for Eastman Kodak Co., talked with Bloomberg about the famed film and printer equipment company's Chapter 11 filing.

Hayzlett mentions that part of the company's problems stemmed from being spread out too thin when the recession hit, and specifically points out the focus on print film as a mistake. "Really, the pivotal moment was back in 1975 when they discovered the digital camera, when they made the digital camera and then put it aside in order to live out the film business for so long," he said. "That effort in the 70s, 80s, and 90s lead upo to this big build of all this overhead and structure and everything else that they just didn't have the runway to see it to the end."