sentences:  It’s not a surprise, the way it’s been managed.”
  
  In explaining the bankruptcy, Perez said his turnaround efforts were hurt by the recession, which slowed new business growth and expedited the decline of the film business.He said the objectives of the reorganization included obtaining new financing to shore up confidence in Kodak, selling some of the company's patents and adjusting “legacy” costs – like health care benefits for retirees – to the company's now smaller size.“Kodak is taking a significant step toward enabling our enterprise to complete its transformation,” he said in prepared remarks.