world's biggest companies

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world's biggest companies

Postby TerraFrost » Mon Dec 13, 2004 4:57 am

i'm sure ya'll could name a few of the world's richest people, but what about some of the world's richest companies? the Forbes 2000 List elaborates upon them, although the difference between market value and assets eludes me.

here are some highlights from the wikipedia articles on the top 10 companies...

1. General Electric

GE describes itself as composed of a number of primary business units or "businesses." Each "business" is itself a vast enterprise, any of which would, if separate, rank in the Fortune 500 by itself.

In 1987, GE was the United States' second largest nuclear power company and third largest producer of nuclear weapons systems.

In 1896, General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. GE is the only one that remains today.

In 2004 GE bought from Vivendi Universal the television and movie assets and became the third largest media conglomerate on the planet. The new company is now known as NBC Universal.

(ie. GE owns both NBC and Universal which)
also, they were founded by Thomas Edison.

2. Microsoft

i didn't see anything in wikipedia that i don't already expect most people here to know about, heh.

3. Pfizer

the product their most well known for is viagra, however, their best selling product is lipitor (which is used to lower blood cholesterol).

4. ExxonMobil

Both Exxon and Mobil were descendants of the old John D. Rockefeller monopoly, Standard Oil. In 1911, after a United States Supreme Court ruling which upheld a federal court order to dissolve it, the Standard Oil Trust was split into 34 companies. Two of these companies were Jersey Standard, which eventually became Exxon, and Socony ("Standard Oil Company of New York"), which eventually became Mobil.

incidently, Standard Oil also produced the richest person in the world, to date, when the money that they had is revaulated in terms of the value of todays dollar (ref).

also, ExxonMobil recieved a 14% rating from the Human Rights Campaign's Corporate Equality Index in 2004 (ie. they discriminate quite a bit against non-heterosexuals). Pfizer and Intel, in contrast, got scores of 100%.

5. Citigroup

aside from the fact that they're a really big financial services company, nothing on their wikipedia page struck me as uber interesting.

6. Wal-Mart Stores

Forbes magazine points out that if Wal-Mart were its own economy, it would rank 30th in the world, with a GDP (consumption + investment + exports - imports) right behind Saudi Arabia's GDP. It is also the largest private employer in the United States.

U.S. Senator Hillary Clinton (Democrat, New York) formerly worked as a lawyer for Wal-Mart and also served on its Board of Directors.

also, their purchasing not only grants them the ability to purchase goods at cheaper prices than others could purchase them at (by virtue of the law of diminishing marginal utility), but it also allows them to exert lots of influence of suppliers (ie. if the supplier doesn't comply with their wishes, they'll lose a *lot* of money).
additionally, wikipedia's description of what they do to employee's sounds more egrigious than fast food nation's dismel portrayal of employee's in the fast food industry. (where fast food nation is a book that attempts to do to that industry what upton sinclair's the jungle did to the meat-packing industry).

7. Intel

can't think of much that isn't already common knowledge to say, heh.

8. American International Group

they're a financial services company...

9. HSBC Group

they're yet another financial services company...

Its founding member is The Hongkong and Shanghai Banking Corporation Limited, a bank established by the Scot - Thomas Sutherland - to finance trade in the Far East in 1865

10. Vodafone

they're the largest mobile phone operator in the world (even though they're practically unheard of in the US)

In the United States, Vodafone owns 44% of Verizon Wireless, which was the country's largest mobile carrier. However, the phone company Verizon owns a majority of Verizon Wireless and Vodafone's branding is not used, nor is the network compatible with GSM phones.
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Postby Cloud Strife » Wed Dec 15, 2004 4:50 pm

microsoft is a big company and...bell and...what's donald trumps company...sory but i didin't read evrything you said terra so maby what i'm saying is piontless but...so much reading ! x_x and one day my copany will be the BIGEST!
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