He said that the average life of S&P 500 companies
has reportedly reduced from 90 to 18 years over the last century and that a company’s life today is shorter than a human’s.
Quoting a 2015 research, Sahoo said that the average life of a publicly traded company, taking into account acquisitions, mergers and bankruptcy is about 10 years.
“Because companies are modern means of producing goods and services and that they provide employment for posterity, it is important to save their lives.”
Also addressing the conference Anurag Thakur, minister of state for corporate affairs said that how companies handle the pandemic will determine how customers and employees treat them as a brand.