Fortune 500 Annual List is out for 2008. It is FUGLY:
▪ 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;
Pretty wild stuff . . .
2008 “Worst Year” In Fortune 500 History
CBS.com, April 19, 2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.