GM replaced by higher ed company on S&P 500

An interesting sidenote to the bankruptcy of General Motors; now that GM stock is worthless, the company is being removed from the S&P 500 index.

An interesting sidenote to the bankruptcy of General Motors; now that GM stock is worthless, the company is being removed from the S&P 500 index.

Its replacement? Devry, the private for-profit post secondary education company. I can’t think of many better illustrations of the change from the industral age to the knowledge age.