Fortune 500 Annual List is out for 2008. It is UGLY:
▪ 2008 was the worst year in the history of the Fortune 500 for America’s largest companies;
▪ Profits fell from $645 billion in profits in 2007, to just $98.9 billion - an 84.7% decline;
▪ Eleven of the top 25 largest corporate losses in list history took place last year;
▪ Insurance giant AIG posted a $99.3 billion loss — the biggest corporate loss of all time;
▪ Thirty-eight companies disappeared from the list altogether;
▪ Newcomers to the Fortune 500 list: Polo Ralph Lauren, Visa and Mastercar;
▪ 15 women ran Fortune 500 companies in 2008 — an all-time high;
▪ One out of every six working Americans — 25.6 million people — work for the nation’s largest companies
Source:
2008 “Worst Year” In Fortune 500 History
|