Fact for August 14, 2008

The world’s longest privately-held corporation (no public shares were traded) was the Kongo Gumi corporation in Japan that remained privately held from its founding in 578 AD to 2006 when it became a wholly-owned subsidiary of the Takamatsu Corporation.  At the time it was sold to Takamatsu, its president was Masakazu Kongo, the 40th Kongo to run the company and the company still specialized in building Buddhist temples (it’s first ‘contract’ in 578 was to build a Buddhist temple that still stands today).  As a note, the Kongo family, even after the company was sold two years ago, remain carpenters.

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