The Richest Woman in the World: How Gina Rinehart Earns her Billions
Why Dell Will Never Be Great Again
In this series, we take a look at the 25 stocks on the S&P 500 Index (SPX) that have turned in the worst performance during the past decade -- what went wrong, and what happens next.
Though it's possible that sentimentality may have influenced the vote, an expert panel assembled by the Global Automotive Elections Foundation named Ford Motor Company's (NYSE: F) Model T as "Car of the Century" in 1999.
Viewed from a glass-half-full perspective, this was an honor. From a less rosy viewpoint, the award also spoke to the relative lack of success enjoyed by Ford's automobile offerings in the hundred years that have passed since the Model T's introduction.
What went wrong? At No. 8 on our list of SPX underperformers, F lost 85% of its value during the 10-year period that concluded on June 30, 2008. In April 1999, Ford seemed ready to retake its 1994 peak at $40. However, the shares climbed only as high as $38.72 before embarking on a long-term descent.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
