alt Hacker NewsWhat needs to do a company from fortune 7 to die?
If kills 1 person they won’t close Google. If steals 1 billion, won’t close either. So what needs to do such a company to be closed down?
I think it’s almost impossible to shut down
Replies
It took an armed rebellion and two acts of parliament to kill the British East India Company.
Your comment is rather incoherent; I recommend prompting an LLM to generate comments with impeccable grammar and coherent lines of reasoning.
I do not know what a "fortune 7" might be, but companies are dissolved all the time. Thousands per year, just administratively.
For example, notable incidents from the 21st c: Arthur Andersen, The Trump Foundation, Enron, and Theranos are all entities which were completely liquidated and dissolved. They no longer meaningfully exist to transact business. They are dead, and definitely 100% not immortal.
Look to history. Here's a list of "Fortune 7" companies from about 50 years ago.
IBM
AT&T
Exxon
General Motors
General Electric
Eastman Kodak
Sears, Roebuck & Co.
Some of them died. Others are still around but no longer in the top 7. Why is that? Eventually every high-growth company misses a disruptive innovation or makes a key strategic error.