CORPORATIONS: Breast-Pocket Polaroid

Waiting impatiently for the routine business portion of Polaroid's annual meeting in Needham, Mass., to end last week, Founder Edwin Land told some 3,000 stockholders: "I don't want what you are about to see to be involved in this monetary domain." Anyone who thought that monetary affairs are supposed to dominate an annual meeting soon found out differently. Land had decided to use this meeting to stage the long-awaited debut of his new, pocket-sized camera. Unfolding a leather-covered box to form a vaguely triangular Polaroid camera. Land focused on his oversized meerschaum pipe and pushed the shutter button five...

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