The 2012 ranking of the five hundred largest corporations within the United States includes a document 18 firms helmed by feminine CEOs, up from 12 companies in 2011. The Fortune 500 is a listing compiled by Fortune journal that lists the highest 500 U.S.-primarily based public and carefully held companies as measured by gross revenue The list is broadly thought to be the 500 strongest companies that outline American business. The Fortune 500 checklist might be the most effective identified but Fortune also publishes the World 500, which opens the listing to companies worldwide. Different lists, just like the Forbes International 2000, list the world's 2000 largest public companies.
Non-public companies that file a ten-Ok or other financial statement are eligible, as well as mutual insurance coverage companies that file with the suitable state regulator. With a purpose to make the listing, a company cannot be a subsidiary For example, Geico Auto Insurance coverage shouldn't be eligible for the checklist as a result of it is owned by Berkshire Hathaway (NYSE: BRK-B ). After falling to quantity two on the listing last yr, Walmart (NYSE: WMT ) overtook Exxon (NYSE: XOM ) to turn out to be the highest firm in 2013. For the first time since the checklist started in 1955, Eastman Kodak did not make the record.
Through their exemplary work ethic, the 24 feminine CEOs of Fortune 500 firms have begun to pave the best way for extra girls to excel inside the executive ranges of enormous firms. Similar lists exist including the Forbes High 500 Personal Corporations, Fortune Global 500, Financial Times 500, and Business Week's International 1000. Each record takes under consideration different ranking criteria, however none are as prestigious as the original. With 2005 income of US$610 billion, the corporations comprising the Fortune 500 could buy all the annual economic output of the nations of Brazil, India or South Korea.
In today's business world the companies that make up the Fortune 500 wield enormous power and affect government policy regularly, as is evidenced by the appointment of Henry M Paulson, CEO of Goldman Sachs, as Treasury Secretary for the United States. If the Fortune 500 constituted a nation they 500 executives global fortune may take in the US budget deficit for 2006/2007 in its entirety. But as paperwork from Dow Chemical Co counsel, the CEO job can provide some luxuries as nicely.
Apart from simply detailing the biggest revenue generating companies, the Fortune 500 checklist allows us to see a snapshot of America's business progress, the place the money has gone and the way it's moved to new industries over time. Katharine Graham of the Washington Submit was the primary feminine government to run a Fortune 500 company when it joined the listing in 1972.
