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It's Lies! All Lies!

Those legendary business stories could be just that.

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This story appears in the July 2001 issue of Entrepreneur. Subscribe »

Even if you plan to lay off employees, you're probably not handing out real pink slips. No known company has ever handed anybody an actual pink slip.

Peter Liebhold, a curator at the Smithsonian's National Museum of American History, has been searching for the origins of the term for over a decade. So far, he's had no luck. The term is used in a novel as early as 1915, but there's no historical record of an actual pink dismissal form.

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