Breakthroughs and everyday innovations from the year.
HEADLINES ON May 8, 1989
Full News Archive
- Headline: Fraud Accusations Shadow Panama Election. Impact: The alleged fraud in the Panama vote sparked a series of events that led to the U.S. invasion of Panama, which, in turn, inspired countless Hollywood movies about rogue generals. Who knew a single vote could lead to such cinematic glory?. Fact: In a twist of irony, after the invasion, Noriega ended up living in a U.S. prison, proving that even dictators can’t escape the long arm of the law—or the popcorn aisle..
- Headline: Tesoro's Leadership Shift and Insights. Impact: The return of M. Richard Stewart to Tesoro Petroleum was like a sequel no one asked for. His comeback may have saved the company, but it also paved the way for an entire sub-genre of corporate drama that involves re-hiring disgraced executives. Hollywood, take notes!. Fact: Corporate comebacks are so common that they should have their own reality TV show. 'The Real Executives of Corporate America' could be a hit—if only the boardrooms had more drama and fewer spreadsheets..
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)