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December 08, 2006

Comments

RJ

A most interesting blog that you have compiled!

It's a sad shame about Polaroid and their misguided, visionless executives who walked away with millions in spite of their combined incompetence. But to then see what happened with the Polaroid name shines light on an even more tragic situation: the total collapse of American business ethics. ENRON, Tyco and Worldcom might have made the press but there must be dozens of stories like Polaroid. Empires fall when values disappear: Rome, Britain, Russia...is America next?

I work for a leading navigation company and noted a recent competitive entry to my market from Polaroid. I was on one hand surprised that such a company would enter my business category from a point of no expertise. On the other hand, not knowing that Polaroid had already distintegrated in a Chapter 11 proceeding, I felt that the company was grabbing at straws to find something, anything to fill the hole created in its business by the pervasiveness of digital photography. Anybody can buy navigation boxes in Asia and slap on their brand, and many do. Many will make a quick buck and get out and many more will fail. Now I know the rest of the story.

Thanks.

RJ

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