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At the start of "Watchmen" he has retired to devote his attention to the running of his own enterprises.
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Veidt is believed to be one of the smartest men on the planet, and is often accompanied by his genetically-engineered pet 'Bubastis'.
By taking an initiative to "help the world", Veidt displays a trait normally attributed to villains in superhero stories, and in a sense he is the "villain" of the series, looking on with scorn at the rest of humanity...
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