Strictly talking, the Fortune 500 is an inventory compiled by Fortune journal raking the top 500 public firms of the US as measured by their gross income. Though Silicon Valley is often described as a boys' club where female CEOs are few and much between, the 2 largest Fortune 500 corporations run by girls are each within the tech industry: Hewlett-Packard, which ranked tenth on Fortune's record and named Meg Whitman CEO last fall, and IBM, which ranked nineteenth and has been run by Ginni Rometty since January.
Private firms that file a ten-Ok or different financial statement are eligible, as well as mutual insurance coverage corporations that file with the appropriate state regulator. To be able to make the checklist, a company cannot be a subsidiary For instance, Geico Auto Insurance is just not eligible for the list as a result of it's owned by Berkshire Hathaway (NYSE: BRK-B ). After falling to quantity two on the checklist last year, Walmart (NYSE: WMT ) overtook Exxon (NYSE: XOM ) to grow to be the highest company in 2013. For the primary time since the listing began in 1955, Eastman Kodak failed to make the listing.
In a 2012 study sponsored by the Kauffman Basis titled, What Does Fortune 500 Turnover Imply?, authors Dane Stangler and Sam Arbesman argue that it is trigger for concern. In different phrases, high charges of churn don't necessarily mean that newer firms are getting stronger. It might also mean that some corporations are no longer eligible or were swallowed up by greater companies. As a result of corporations on the list characterize health and stability, many pay a dividend. Earnings investors looking for names to add to their portfolio ought to consult this list for brand spanking new ideas. For that reason, options merchants might look for larger corporations with more choices quantity.
In at this time's enterprise world the firms that make up the Fortune 500 wield enormous energy and influence government coverage 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 could 1000 companies list take up the US funds deficit for 2006/2007 in its entirety. However as documents from Dow Chemical Co suggest, the CEO job can offer some luxuries as effectively.
In 2005, for the first time in the history of the listing, Texas displaced New York because the state with the biggest variety of Fortune 500 corporations headquartered there. The previous record for girls-led firms within the Fortune 500 was set in 2009, and included 15 companies run by female executives. Although this yr marks a brand new excessive for female CEOs, ladies still run just 3.6 % of Fortune 500 firms.
