The Avedis Zildjian Company, now an American-based cymbal manufacturer, was founded in Constantinople in 1623. Hell, even Nintendo's 123.
A company lasts just 11 years on average on the S&P 500 now. Companies are surviving for shorter time periods now then they used to.
Re:NASA plans to launch a spacecraft to Titan
by vonmoltke on Saturday June 29, 2019 @07:42AM
(#20312021)
First off, what is your source for that average? This report (https://www.innosight.com/insight/creative-destruction/) has a much higher average, and forecasts a fall to 12 years by 2027.
Second, that's average time in the S&P 500 index. As noted and n the report, there are many reasons besides going under that companies drop off the index. That number doesn't really say much about longevity of the company.
Re:NASA plans to launch a spacecraft to Titan
by azernik on Friday June 28, 2019 @09:06PM
(#20310122)
Like with pre-modern human lifespans, there's a VERY long tail on that number.
Re:NASA plans to launch a spacecraft to Titan
by azernik on Friday June 28, 2019 @09:11PM
(#20310150)
For ones maybe more familiar to an American audience and/or to techies:
Bayer (1860s Germany), Johnson & Johnson (1886), 3M (1902), the Coca-Cola Company (1892), IBM (1911), HP (1939), Mitsubishi (1870), Wells Fargo (1852).
Re:NASA plans to launch a spacecraft to Titan
by matteuan on Saturday June 29, 2019 @06:07AM
(#20311734)
The italian bank Monte dei Paschi di Siena was founded in 1624, they even use some of the centuries old building as offices...it's not doing very well but it's still there
Re:NASA plans to launch a spacecraft to Titan
by rags2riches on Friday June 28, 2019 @06:41PM
(#20309387)
The oldest preserved share of any company is from 1288. It's since been merged, but it's still around.
Re:NASA plans to launch a spacecraft to Titan
by elil17 on Friday June 28, 2019 @03:57PM
(#20308260)
Even after being broken up, AWS would still exist - it just wouldn’t be part of the amazon conglomerate
It's not even the longest-lived company in the world. This construction company was founded in 578 AD and continuously operated until 2006 when it was bought by a larger company: https://en.wikipedia.org/wiki/Kong%C5%8D_Gumi
100 years ago was only 1919 -- here are some random companies from 1919 that I found on Wikipedia (ignoring for a moment that this is plainly surviorship bias):
https://en.wikipedia.org/wiki/Champion_(sportswear)
https://en.wikipedia.org/wiki/KitchenAid
https://en.wikipedia.org/wiki/Thrifty_PayLess
https://en.wikipedia.org/wiki/Tesco
https://en.wikipedia.org/wiki/Proffitt%27s
https://en.wikipedia.org/wiki/Bentley
https://en.wikipedia.org/wiki/A%26W_Restaurants
Companies surviving for 100 years isn't quite routine but it's certainly not so rare that its surprising when one does. I don't think it's at all inconceivable that Amazon could stay open for a hundred years. It's made it past the first 10 years, the turbulent start when most companies are culled. I'd wager that the biggest threat to Amazon surviving to 100 is being broken up a la Bell/Standard Oil.