Word: kodaking
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Died. Marion B. Folsom, 82, former Secretary of Health, Education and Welfare in the Eisenhower Administration; in Rochester. As an executive of Eastman Kodak during the 1920s, he was a leading proponent of corporate unemployment and pension plans; the programs he established at Kodak and other Rochester firms became models for the nation. During the Depression, Folsom helped frame federal unemployment programs and the Social Security system, acknowledging that private resources were no longer adequate. His HEW tenure (1955-58) was marked by a greatly expanded budget for programs such as federal aid for school construction...
...suit, filed at literally the last minute (4:59 p.m.) in Boston's U.S. District Court the day before both Polaroid and Kodak held their annual meetings, charges Kodak with violating ten Polaroid patents for instant film and cameras-two of them filed by Land personally. Along with triple damages, the suit asks the court to block Kodak from selling its cameras, which it had planned to do starting this month in Canada and late next month...
...virtuoso performance for the stockholders. He passionately defended the U.S. patent system: "We took nothing from anybody. We gave a great deal to the world. The only thing keeping us alive is our brilliance. The only thing that keeps our brilliance alive is our patents." He' twitted Kodak's new camera, saying that "the new group would like to confine its use to cocktail parties." That was a reference to the Kodak cameras' bulky size and the belief of some analysts that it is best suited to indoor...
Patent Attack. Land's performance skirted the questions of whether 30 years is long enough, in the U.S. competitive system, for a company to have a market all to itself and of how sound the legal basis is for Polaroid's suit. Kodak brushed off the suit. In a formal statement issued in the U.S., it denied knowingly violating any "valid" patents, and it promptly sued in Canada to have Polaroid's patents declared invalid...
...quar ter-century, only 850,000 CB licenses were issued. Then came the 1973 oil embargo, speed limits were dropped to 55 m.p.h. ("double nickel" in CB argot) and truck drivers installed the units to warn each other of lurking cops ("smokey bears") and radar cars ("Kojak with a Kodak"). Television news picked up the story, and the rest is hysteria...