Worst Year in Fortune 500 History

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 . . .

>

Source:
2008 “Worst Year” In Fortune 500 History
CBS.com, April 19, 2009
http://www.cbsnews.com/stories/2009/04/19/sunday/main4954725.shtml

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Read this next.

Posted Under

Uncategorized