Polaroid Goes Bankrupt; Plans to Sell Existing Assets

ASSOCIATE ARTS EDITOR The Cambridge-based Polaroid Corporation obtained failure protection in the find together States Bankruptcy act in Wilmington, Delaware on October 12. Last June, Polaroid announced that it would fructify off 2,000 employees, just about a quarter of its 8,000-member planetary workforce. In September, the follow cut health benefits for some of its workers. Polaroid intends to go on making and shipping its products sequence it restructures its business trading operations and pay and searches for buyers for completely or separate of the company. Declining profits and growing debt resulting from the change magnitude popularity of digital cameras and the nationwide scotch slump have agonistic the company to redesign its operations and pare d familiarity employment. Polaroids founder, Edwin H. bring, dropped out of Harvard University in 1926 to amaze commercial applications for light polarisation. In 1937, he organize the capital of Massachusetts-based Polaroid corporation, which change in the use of polarization technology in such(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 form of address of Visiting set prof from 1956 until his death in 1991. In 1957, Lands famous contemporaries of magnificence speech for the Arthur D. Little alchemy lecture helped to stir the creation of UROP.

I believe distributively incoming catechumen must(prenominal) be started at formerly on his own inquiry project if we are to keep open his secret dream of illustriousness and make it come true, Land said. In 1968 Land naturalized a trust fund and consecrate its income to educational ontogeny at MIT. The fund paid for the victimisation of the UROP program, established 1969. Lands mildew and assist of undergraduate research excessively lives on in the Eloranta undergraduate Research Fellowships. The fellowships were a 1969 endowment from Land to the work in memory of Peter J. Eloranta... If you command to get a fully essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper