Breakthroughs and everyday innovations from the year.
HEADLINES ON February 7, 1989
Full News Archive
- Headline: GM Appoints New Executive VP for Tech. Impact: G.M. picking a successor to a Bush nominee sent shockwaves through the automotive industry, resulting in a series of questionable decisions, including the creation of vehicles that could double as mobile living rooms. The future of driving was forever altered—thanks, Robert J. Schultz!. Fact: Did you know that naming a successor can be more complicated than naming a child? At least with a child, you can blame it on the kid when they mess up!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1989, it would be worth $971,793 today (971.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1989, it would be worth $2,127,569 today (2127.6x return)