2 ms·
> 40% of today's top 500 companies will have vanished in a decade. Does this have any grounding in facts or reason?
by leereeves 10y ago
> 40% of today's top 500 companies will have vanished in a decade.
Does this have any grounding in facts or reason?
- hunterjrj 10y agoOr this? "Almost all companies and institutions have already been hacked, even the Pentagon, the White House, and the NSA."
- throwaway729 10y agoThat one is a lot more believable, and in fact verifying the first two are already true only requires a quick Google search.
- village-idiot 10y agoIt's an extrapolation of current trends. It appears that the lifespan of Fortune 500 companies is falling, and we've lost most of the ones from the past century or so.
- leereeves 10y agoSeems like an extreme extrapolation. I found this page listing Fortune 500 companies that failed from Dec 2000 to Jan 2012: http://traderhabits.com/86-of-the1955-fortune-500-have-failed/ http://traderhabits.com/86-of-the1955-fortune-500-have-faile... I don't know how accurate that is, but it lists 24 failures (about 5% of the Fortune 500), of which one company (Hostess) is listed twice, and at least two (American Airlines and GM) are still around.