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Seems like an extreme extrapolation.

I found this page listing Fortune 500 companies that failed from Dec 2000 to Jan 2012:

http://traderhabits.com/86-of-the1955-fortune-500-have-faile...

I don't know how accurate that is, but it lists 24 failures (about 5% of the Fortune 500), of which one company (Hostess) is listed twice, and at least two (American Airlines and GM) are still around.



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