Word: polaroiding
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...named by TIME as one of 200 future American leaders. He left Polaroid to head Green Giant Co. Under his direction, the Chaska, Minn., food processor bounded from $293 million annual sales to $485 million in 1978, when it merged with Pillsbury. The 6-ft. 3-in. Wyman, a Phi Beta Kappa at Amherst College (he wrote his senior thesis on the poetry of William Butler Yeats), scarcely concealed from friends and executive recruiters that he was tired of being No. 2 at Pillsbury...
Wyman, 50, has spent a nervous career waiting for several top jobs. From 1965 to 1975 he was an executive at Polaroid and was once thought to be the likely successor to Founder Edwin H. Land...
...mind-occupying activity, Harvard has just about everything. But then, why spend any time in a library? In case you do, check out famous Widener (found in the Yard), or Cabot (located in the Science Center, a building modeled on a Polaroid camera. If you don't believe it, go look at the buttons...
Polavision was not the company's only source of troubles. Amid declining film sales, earnings last year plunged by 70% to $36.1 million. Younger photographers often prefer the new, easy-to-use 35-mm cameras like the Pentax ME and the Canon AE1 over instant cameras. Polaroid has also found market resistance to the high initial cost of its film, now about 60? per picture...
Replacing Land as chief executive officer will be William J. McCune Jr., 64, a Polaroid colleague since 1939 and an engineer. The new management will probably stop promotion of Polavision for the general public, though the company may continue production of the movie film. McCune is also expected to move the firm into new technological ventures and to explore diversification. In recent months rumors have swirled on Wall Street that the company might be a target for a takeover bid. Stock analysts said that the retirement of Land was the prerequisite for Polaroid's evolution into a fully developed...