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HEADLINES ON April 6, 2007
Full News Archive
- Headline: Tribune Company Deal: Risks and Rewards. Impact: This deal set off a chain reaction of questionable financial practices in media companies, leading to more executives with questionable ethics and fewer journalists with actual job security. Who knew greed could be so contagious?. Fact: Sam Zell's motto: 'Why share the wealth when you can hoard it?'.
- Headline: Revamping 911 for the Digital Era. Impact: The failure of the 911 system to adapt led to an increase in YouTube videos of people trying to call for help but accidentally calling their ex instead. Who knew communication could be such a disaster?. Fact: In a world where technology evolves faster than emergency services, texting 'HELP' is often interpreted as 'please send pizza.'.
- Headline: Zell Secures Veto Power at Tribune. Impact: Zell's veto power paved the way for future corporate leaders to believe they were above the law, contributing to a culture where board meetings resemble more of a game of Monopoly than serious business. 'Go directly to jail' became a common phrase at corporate retreats.. Fact: Veto power is just a fancy term for 'I don't like that idea, let’s pretend it never happened.'.
- Headline: Piers of California: At Sea Without a Sail. Impact: The search for peaceful getaways led to the rise of Instagram influencers claiming they've 'escaped' to these serene spots, only to be found posing with their lattes. Southern California's tranquility was just a filter away.. Fact: California’s idea of a quiet escape often just means avoiding the 405 during rush hour. Good luck with that!.
Wall Street Time Machine
AMZN
Amazon
Amazon - If you invested $1,000 in 2007, it would be worth $117,189 today (117.2x return)
NFLX
Netflix
Netflix - If you invested $1,000 in 2007, it would be worth $247,275 today (247.3x return)