Breakthroughs and everyday innovations from the year.
HEADLINES ON January 12, 1987
Full News Archive
- Headline: New Leadership at Masco Industries. Impact: Erwin H. Billig's ascension to the presidency of Masco Industries set off a chain reaction that eventually led to the invention of the self-assembling IKEA furniture. Who knew a corporate shake-up could result in millions of people struggling to understand Swedish assembly instructions?. Fact: Did you know that being named president of a company is often just a fancy way of saying, 'Congratulations, you're now responsible for all the bad decisions!'.
- Headline: Mark Scallion: A Basketball Journey. Impact: Mark Scallion's childhood admiration for John Havlicek created a ripple effect that saw countless kids in the 70s and 80s trying to emulate basketball moves that were, let's be honest, way out of their league. This ultimately contributed to the rise of sports injuries and a booming market for knee braces.. Fact: Fun fact: John Havlicek was so good at basketball that even the basketball itself probably has an ego bigger than most NBA stars today..
- Headline: Kenneth Miller's New Role at Merrill Lynch. Impact: Kenneth H. Miller's promotion to vice chairman was the catalyst for the financial sector's obsession with 'experts on deals.' This led to the creation of countless consulting firms, each claiming they could save you from your own spending habits, effectively turning financial advice into a new form of high-priced therapy.. Fact: Did you know that in the world of finance, the term 'deal expert' is often just a euphemism for someone who can make your money disappear faster than a magician at a kid’s birthday party?.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1987, it would be worth $1,945,817 today (1945.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1987, it would be worth $4,778,667 today (4778.7x return)
INTC
Intel
Intel - If you invested $1,000 in 1987, it would be worth $146,978 today (147.0x return)