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Financial Times: Adaptable managers help companies pull trough

A study on UK companies’ survival rate co-authored by Geoff Meeks and Geoffrey Whittington featured in the Financial Times. The study, inspired by natural selection theory, finds that only 19 of 1,513 UK companies (1.26%) survived over the biblical “threescore years and ten” (70 years) from the postwar Companies Act in 1948 which made consolidated accounts mandatory. (subs)

Read the full article [ft.com]