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Average life span of companies now under 20 years

Credit Suisse says technology has taken the average life span of a S&P 500 company to under 20 years today, down from 60 years in the 1950s.

"We argue that disruption is nothing new but that the speed, complexity and global nature of it is," the report says. "In fact, it is clear that a number of sectors are currently impacted by multiple disruptive forces simultaneously."