Fortune 500

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These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

One of the Nation's Few Black CEOs Is Stepping Down

Ken Frazier's departure at Merck reduces the number at Fortune 500 companies to 3

(Newser) - Ken Frazier, the longtime chief executive of Merck and one of the few remaining Black CEOs of a Fortune 500 company, is retiring, per the AP . Frazier, Merck's CEO for the past decade, will be replaced by Rob Davis, the chief financial officer, the company said Thursday. Frazier will...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

5 Astounding Facts About Walmart's Dominance

Only the DOD and China's military employ more people

(Newser) - Walmart "isn't a unicorn, and it's no longer sexy," Quartz asserts. But there's no denying that the No. 1 company on the Fortune 500 list is a retail powerhouse that seems nearly impossible to overtake. Some astonishing details about how it continues to dominate:
  • With

Facebook Is Now More Valuable Than Walmart

Social network overtakes world's biggest retailer

(Newser) - Remember when Facebook's IPO was declared an embarrassing flop? It's a time some people might now prefer to forget—especially those who unloaded their shares for below $20 in 2012. Less than three years later, the social network's shares have surged to $87.88 as of yesterday,...

Facebook Cracks Fortune 500 List

Walmart takes No. 1

(Newser) - Fortune released its annual Fortune 500 rankings today, determining once again which American companies are best at capitalism in 2013. Notable takeaways include:
  • Walmart reclaimed the No. 1 position with a revenue of $469.2 billion, sending oil companies Exxon Mobil ($449.9 billion), Chevron ($233.9 billion) and

Meet the Record 18 Female CEOs on the Fortune 500

In her first year on the list, Ginni Rometty does very well

(Newser) - A record 18 female CEOs are included on the 2012 Fortune 500, CNNMoney reports. Eight of them made it into the top 100:
  • Meg Whitman: Hewlett-Packard, No. 11
  • Ginni Rometty: IBM, No. 18
  • Patricia Woertz: Archer Daniels Midland, No. 39

Fortune 500 List: Walmart, Exxon Mobil Again Top the List
 Walmart Rules Fortune 500 List 

Walmart Rules Fortune 500 List

Editors see huge disparity between businesses, ordinary Americans

(Newser) - Turns out, last year was a pretty good one for US businesses. Total revenue for Fortune 500 companies jumped 10.5% to $10.8 trillion, while profits surged 81%. "We've rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans,"...

Xerox CEO Shuffle Historic for Women

First female-to-female handoff at big firm; first black woman in role

(Newser) - The announcement that Ursula Burns will replace Anne Mulcahy as head of Xerox is brimming with historical significance, writes Patricia Sellers in Fortune. Not only is it the first woman-to-woman CEO handoff in Fortune 500 history, but Burns will be the first black woman to head a Fortune 500 company....

Exxon Retakes Top Spot in Fortune 500

Wal-Mart slips to second in 'worst-ever' year for the 500

(Newser) - Exxon Mobil snagged a whopping $443 billion in revenue to unseat Wal-Mart from the top spot in this year's Fortune 500 list, CNN reports. The two behemoths thrived on jacked-up oil prices and the recession respectively, but the picture was a lot bleaker for most of the rest of the...

Wal-Mart Tops Fortune 500
 Wal-Mart Tops Fortune 500 

Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second

(Newser) - Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports....

Buffet Unseats Gates as Richest Man on Earth

He's worth $62B; Gates is now third with $58B.

(Newser) - Bill Gates has passed the gilded torch: Warren Buffett and Mexican telecom mogul Carlos Slim have ended the Microsoft founder's 13-year reign as richest man on earth, Forbes reports. Buffett's fortune grew $10 billion this year to $62 billion, while Slim weighs in with an estimated $60 billion. Gates trails...

Black Fortune 500 CEOs in Short Supply

Departure of Merrill, Time Warner chiefs knocks total to four

(Newser) - The departure of Dick Parsons from Time Warner and Stan O'Neal from Merrill Lynch has reduced the already sparse population of African-American CEOs running Fortune 500 companies to an extremely paltry four, reports AP. CEOs of any color have a short shelf life, and the small numbers of black chiefs...

Liz Claiborne Dead at 78
Liz Claiborne Dead at 78

Liz Claiborne Dead at 78

Designer was first woman to found Fortune 500 company

(Newser) - Designer Liz Claiborne, whose styles aimed at career women revolutionized everyday fashion sense in America and brought feminine new looks to the workplace, is dead at 78. She was the first woman founder of a Fortune 500 company. Claiborne died Tuesday in New York, after a lengthy battle with bone...

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