Mark Cuban, owner of the Dallas Mavericks was recently quoted by ESPN -"I think the NFL is 10 years away from an implosion." "I'm just telling you: Pigs get fat, hogs get slaughtered. ."
"Just watch. Pigs get fat, hogs get slaughtered. When you try to take it too far, people turn the other way. I'm just telling you, when you've got a good thing and you get greedy, it always, always, always, always, always turns on you. That's rule No. 1 of business."
429 companies on the 1955 Fortune 500 list are no longer on that list.
Have you heard of Netflix?
You think Blockbuster Video should have purchased them when they had the chance?
Want a more extensive list?
Visit 10 businesses that failed to adapt.
Name a company that has been dominant for last 25 years?
U.S. News & World Report in their article 10 Great Companies that Lost their Edge articulates several companies that remain significant and the many that have become irrelevant.