The (Raleigh) News & Observer assistant business editor Alan Wolf writes Thursday about how a North Carolina CEO has called Inc. magazine to complain about a mistake in its list of fastest-growing companies that hurt its ranking.
Wolf reports, “The list put Cary-based L&S Retail Ventures, owner of the online greeting card store InvitationBox.com, at No. 2,997. But that was based on revenue growth using 2008 revenue of $1.7 million.
“The 12-employee company’s revenue last year was actually $2.7 million, which would have propelled L&S to No. 1,579.
“CEO Jon LaNasa noticed the mistake when received a copy of the magazine in the mail Wednesday and checked the data online. He called Inc. immediately.
“They are ‘doing all they can to remedy the situation as quickly as possible,’ but told LaNasa that it will take 2-3 weeks to fix, he wrote in an e-mail.”
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