Submission + - Polaroid another casualty?
rockwood writes: With the economy in such a fallen state, has the recession taken yet another 'old school' company and chipped away at its foundation. CNN reports that Polaroid has filed for Chapter 11. Or is the recession causing the recent surge in corruption? Since at the same time Polaroid says "The group's founder and other employees are under investigation for fraud." So is the lack of sales hitting the pocketbook of the business that hard that it requires cut backs and Chapter 11's? Or is it the bigwigs that are folding under pressure and bringing the company down with it?