Top 5 Companies In The World…
Thursday, April 3rd, 2008
Businessweek announce the best performing top 5 companies in the world - but the only competitors have to be S&P 500 companies.
Nope, last year’s #1 company, Google did not make the list, it was actually #34!
Here are the 2008 winners:
1. Coach - Yeah, seriously they make handbags.
* They were awarded for being the best at adapting to the shifting economy. Basically people are poorer, so they released cheaper handbags.
2. Gilead Sciences - A biopharmaceutical company that discovers, develops, manufactures and commercializes therapies for viral diseases, infectious diseases and cancer.
* They are being rewarded for innovating in medications for HIV patients. They’ve made a treatment that allows just ONE pill a day, rather than 20 that many patients have to take.
3. Allegheny Technologies - One of the largest and most diversified specialty metals producers in the world with revenues of $5.5 billion during 2007.
4. Verizon Communications - We all know Verizon, phone, cell phone and high speed interenet.
5. Questar - Questar Corporation is a natural gas-focused energy company.
Too bad for our friends at Apple, they were in at #6 - I guess if they had partnered with Verizon rather than AT&T, maybe they could have made the top 5?
So there you go enterprising CEOs - a list of companies to aspire to.
Popularity: 22% [?]
I suspect highly that this is a joke by Google or else someone there is on some good crack…
Everyday something about Google continues to surprise/amaze me. Besides the fact that there stock is getting slammed right now because of flat numbers, lack of growth, etc… What really shocked me was the recent salaries the two Google founders, Sergey Brin and Larry Page and the CEO Eric Schmidt just took.