Originally Posted by nasmformyzombie
As for the tobacco company reference, in 1992 the Philip Morris company was the LARGEST company in the world. Changing attitudes about smoking as well as litigation against the tobacco industry changed the dynamic. While the now renamed Altria Group is still a viable company, it's nowhere near the largest company in the world. Altria Group's market cap is but 20% the size of the largest company today, Apple.
Just not that simple. (edited for clarity)