Breakthroughs and everyday innovations from the year.
HEADLINES ON September 5, 1988
Full News Archive
- Headline: Sterling Chemicals Profit Surge Announcement. Impact: The rise in profits at Sterling Chemicals led to a ripple effect that inspired countless other businesses to chase profits at all costs. This ultimately culminated in a future where profit margins became the sole measure of success, leading to the invention of 'profit yoga'—a practice where executives stretch their ethics to fit their financial goals.. Fact: Did you know that going public often leads to a sudden influx of suits in the office? Coincidence? I think not!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1988, it would be worth $884,238 today (884.2x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1988, it would be worth $2,037,337 today (2037.3x return)