SHAREHOLDERS QUESTION EASTMAN KODAK’S POSITION WITH U.S. CHAMBER

La Mesa financial advisory firm will present resolution at annual stockholders meeting in Carlsbad

May 9, 2011 (San Diego's East County) – Blue Summit Wealth Management ih La Mesa, a national leader in socially responsible and sustainable financial services, has been asked to represent shareholders with over $30 billion in assets under management at Eastman Kodak’s annual shareholder meeting in Carlsbad on May 11th. 

Judy Seid, founder of Blue Summit and author of the "Good Money" column in ECM, will present a resolution to address what shareholders believe is a misalignment between Eastman Kodak’s leadership on issues such as the environment and climate change and the company's role as a member of the Board of Directors for the U.S. Chamber of Commerce, which has fought against climate change legislation and emissions regulations.

Eastman Kodak’s brand image supports a record of leadership on issues including the environment, climate change, employee relations, and diversity.

"By supporting controversial initiatives at the Chamber, Eastman Kodak puts this brand image at stake and threatens the company’s shareholder value," a press release issued by Blue Summit states.  The release cites Chamber positions that may contradict Kodak policies including:

•  Hostile opposition to climate change legislation and decision to sue the U.S. Environmental Protection Agency to limit its ability to regulate carbon emissions
•  Defense of BP after the oil spill
•  Pledge to dismantle healthcare reform and to help unseat members of Congress who voted for the legislation

"Many companies, and investors, that are committed to sustainable business practices are very concerned about these and other actions of the U.S. Chamber," Blue Summit's release notes, adding that several companies decided to leave the Board of Directors or the Chamber itself in 2009 and 2010 because of misalignment on climate change. Nike withdrew from its position on the Board in October and Apple, Exelon and PG & E, among others, resigned from Chamber membership.

"However, many Chamber Board members representing companies who share these concerns often do not exercise their responsibility to shape its policies and programs," Blue Summit concludes, "nor do they challenge initiatives that they believe undercut their own business actions or explain publicly what their own positions are when the Chamber lobbies, speaks out or sues."

The resolution being presented by Blue Summit Wealth Management is part of a larger campaign organized by the Socially Responsible Investment (SRI) industry, targeting a number of other Chamber members identified as having remained silent on conflicting policies.

For additional information visit www.BLUESUMMITWEALTH.com or e-mail shane@bluesummitwealth.com.