Edwin H. Land Edwin H. Land Edwin Herbert Land, ForMemRS, FRPS, Hon.MRI (May 7, 1909 – March 1, 1991) was an American scientist and inventor, best known as the co-founder of the Polaroid Corporation. He invented inexpensive filters for polarizing light, a practical system of in-camera instant photography, and the retinex theory of color vision, among other things. His Polaroid instant camera went on sale in late 1948 and made it possible for a picture to be taken and developed in 60 seconds or less. Edwin Land was born in Bridgeport, Connecticut to Martha (Goldfaden) and Harry Land, owner of a scrap metal
Polaroid Corporation (including the "Polaroid" name itself and non-bankrupt foreign subsidiaries) had been sold to Bank One's One Equity Partners (OEP). OEP Imaging Corporation then changed its name to Polaroid Holding Company (PHC). However, this new company operates using the name of its bankrupt predecessor, Polaroid Corporation. Significant criticism surrounded this "takeover" because the process left executives of the company with large bonuses, while stockholders, as well as current and retired employees, were left with nothing. The company announced a plan that gave the top 45 executives bonuses just for staying at their jobs. Meanwhile, other employees were restricted from selling their