Breakthroughs and everyday innovations from the year.
HEADLINES ON May 3, 1989
Full News Archive
- Headline: E-Systems Leadership Transition Amid Military Cuts. Impact: The rise of E-Systems' new president led to an unexpected boom in surveillance technologies. Fast forward a few decades, and suddenly everyone's being watched by their own smart fridge. Thanks, E-Systems, for making it possible to be judged by your groceries!. Fact: Did you know that E-Systems was actually a pioneer in making sure your secrets were never safe? They practically invented the 'Big Brother is watching you' policy, long before it was cool!.
- Headline: Georgia-Pacific Names New President. Impact: Georgia-Pacific's choice of a new president set off a chain reaction of corporate leadership changes that ultimately led to the creation of the 'Corporate Executive Golf Outing' - a tradition where CEOs awkwardly bond while pretending to care about the environment they're destroying.. Fact: Fun fact: Ronald P. Hogan's presidency coincided with an era where people thought electing a head of a lumber company was a good idea. Spoiler alert: it wasn't. Trees still aren't a fan..
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)