The Largest Corporations In The World
Fortune released the Global 500 list a few months ago. I took a snap shot of the largest 20 corporations in the world:
Amazingly, half of the top 20 are either Oil or Auto companies. Another surprise is that the American auto makers are gaining more grounds in the top 20 list. Only Toyota and Volkswagen showed up on the list. You’d think our auto industry is on a downhill with all the troubles GM had lately. I am puzzled about how a company that got downgraded to junkie and almost got kicked out of Dow ended up on the top 5 list?
I am also surprised to see ING Group has such a close call with Citigroup (revenue wise). After all, it is an ultra young bank (funded in 1991) and it is only well known as an online bank here in the States. This little bank even beats IBM! What’s their secret? Anyway, I am a happy customer of ING Direct myself and I have been enjoying its excellent interest rate for a while. If you are sick and tired of the money market’s 0.8%, I’d roll the cash into an orange account (currently at 3.40% for saving) with ING.
There are also a few companies that made to the top 100 but with negative profits:
#26 McKesson (-156.7 million)
#51 Pemex (-2,258.9 million)
#53 Vodafone (-13,910.4 million)
#57 Fiat (-1972.6 million)
#67 Kroger (-100 million)
I am staying away from those companies for now, job or stock. :-)
Related Stories
POSTED IN: Fabulous Coffee Break
1 opinion for The Largest Corporations In The World
Hsien Lei
Dec 10, 2005 at 4:29 am
ING Direct rocks!
Have an opinion? Leave a comment: