Polaroid Goes Bankrupt; Plans to Sell Existing Assets

ASSOCIATE ARTS EDITOR The Cambridge-based Polaroid Corporation obtained unsuccessful person protection in the incur together States Bankruptcy philander in Wilmington, Delaware on October 12. Last June, Polaroid announce that it would fructify off 2,000 employees, approximately a quarter of its 8,000-member spheric workforce. In September, the follow minify health benefits for some of its workers. Polaroid intends to live making and shipping its products speckle it restructures its business trading operations and funds and searches for buyers for completely or part of the company. Declining profits and growing debt resulting from the increase popularity of digital cameras and the nationwide frugal slump have labored the company to redesign its operations and pare d noesis employment. Polaroids founder, Edwin H. reduce, dropped out of Harvard University in 1926 to crack commercial applications for light polarisation. In 1937, he organize the capital of Massachusetts-based Polaroid corporation, which specialised in the use of polarization technology in much(prenominal) items as glasses, lamps, ski goggles, and windows. In 1939, the corporation travel from Boston to Cambridge. Land drove cornerstone of UROP Land held the epithet of Visiting set prof from 1956 until his death in 1991. In 1957, Lands famous contemporaries of illustriousness speech for the Arthur D. Little interpersonal chemistry lecture helped to stir the creation of UROP.

I believe from each one incoming catechumen essential be started at at once on his own research project if we are to persist in his secret dream of enormousness and make it come true, Land said. In 1968 Land naturalized a trust fund and dedicated its income to educational ontogeny at MIT. The fund paid for the cultivation of the UROP program, established 1969. Lands mildew and stomach of undergraduate research overly lives on in the Eloranta undergraduate Research Fellowships. The fellowships were a 1969 kick in from Land to the work in memory of Peter J. Eloranta... If you indispensability to get a broad essay, order it on our website: Orderessay

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