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Guess that's Jeff "burning platform" pitch to the investors - hold off the profits/dividends, plough 'em back to business growth/R&D and stay disruptive
The Dow from 1920.... Guess how many are still on it:
Quote:
March 1, 1920
American Can Company The Baldwin Locomotive Works The Texas Company
American Car and Foundry Company Central Leather Company United States Rubber Company
American Locomotive Company Corn Products Refining Company ↑ United States Steel Corporation
American Smelting & Refining Company General Electric Company Utah Copper Company
The American Sugar Refining Company B.F. Goodrich Corporation Western Union Company
American Telephone and Telegraph Company Republic Iron and Steel Company Westinghouse Electric Corporation
Anaconda Copper Mining Company Studebaker Corporation
Dropped from Average
The American Beet Sugar ↓
It doesn't mean they all "failed" but do not cease to exist or at the same level of significance they once were.
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