Word: polaroiding
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What do Bill Gates and Edwin H. Land have in common? Both are innovators in their fields. And both are Harvard dropouts. The lesser known of the two, Edwin H. Land, who died in 1991, was the founder of the Polaroid Corporation. Though he left Harvard in 1926, he obtained 500 patents (then second only to Thomas Edison), revolutionized the field of polarized lenses, and invented the Polaroid camera, according to the Biographical Memoirs of Fellows of the Royal Society...
Last spring, Polaroid donated decades of company archives to the Harvard Business School’s Baker Library. A special library-moving company hauled 4,000 linear feet (that’s about three-quarters of a mile) of documents, photos, cameras, and sunglasses from Waltham, Mass., to their new home in the newly renovated library, says Tim Mahoney, manuscripts librarian at the Baker Library...
With the arrival of the Polaroid archives, Land is, in a way, making a return to Harvard. “Polaroid was based in Boston,” says Mahoney, “so Polaroid’s intention was to keep the collection here...
...were sold, and half of all households in the U.S. and Japan owned one, as did 41% of all European households, making digital photography one of the fastest-adopted technologies of all time. Such dramatic change comes at a price: the icons of photography as we knew it tumbled. Polaroid went bust in 2001. Kodak stopped making film cameras in 2004. Now, however, it's the sellers of digital cameras themselves who have to worry about possible extinction. With the summer photo-snapping season in full swing, market-research firm IDC is predicting that consumers in Japan and Western Europe...
Under a new management team headed by Jacques Nasser, former chairman of Ford Motor Co., Polaroid returned to profitability almost overnight. Little more than two years after the company emerged from bankruptcy, One Equity sold it to a Minnesota entrepreneur for $426 million in cash. The new managers, who had received stock in the postbankruptcy Polaroid, walked away with millions of dollars. Nasser got $12.8 million for his 1 million shares. Other executives and directors were rewarded for their efforts. Rick Lazio, a four-term Republican from West Islip, N.Y., who effectively gave up his House seat for an unsuccessful...