CORPORATIONS: New Spring for Waltham?

As a watchmaker, bearded Aaron Dennison was something of a genius. He invented an automatic cutter for watch wheels in 1833, and fathered mass production for the U.S. watch industry. As a businessman and founder of the famed Waltham Watch Co. of Waltham, Mass., his renown was of a different sort. His crazy ventures and his carelessness in letting his company go broke earned him the nickname, "Boston lunatic."

Though the company went on to become one of the biggest watchmakers

(Abraham Lincoln carried a Waltham), it often ran erratically, and almost failed...

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