COMPANY
United Continental Holdings United Parcel Service Xerox
¹New to List
GENERAL COUNSEL Brett Hart
Terri Plummer-McClure Don Lui
2011 RANK
114 48
121
2010 RANK INDUSTRY
140 43
152 Airlines
Mail, Packaging, Freight Offi ce Equipment
GROUPED BY INDUSTRY
M T
A
33
MINORI T Y GENERAL COUNSEL
DESPITE DECLINING SALES IN THE U.S. LAST YEAR, WALMART REMAINED ON TOP OF THE FORTUNE 500, A POSITION IT HAS CLAIMED FAR MORE OFTEN THAN NOT IN RECENT YEARS. However, it was the energy com- panies dominating the top 10 that led the way in profi ts— Exxon Mobil [second overall on the list] recorded almost double the profi ts Walmart did in 2010. Chevron, AT&T, and JP Morgan Chase also recorded higher net profi ts than Walmart. A changing economy continues to reshape the
Fortune 500, with fi nancial companies bouncing back in a big way and oil and healthcare companies continuing their recent record of dominance. T e fi nancials fi nished 2010 strong, with profi ts jumping 51 percent in the fourth quarter of last year to $51 billion. Profi ts fell by about $10 billion among the non-fi nancials, however, primarily due to higher unemployment and a sluggish recovery pre-
MCCA.COM
THE COMPANIES THAT HELP LEAD THE U.S. ECONOMY MUST ALSO DEMONSTRATE THE SUCCESS OF THE AMERICAN CONCEPT.
venting the price hikes one would ordinarily expect in an economic upturn. Companies have boosted productivity eliminating employee redundancy and cutting pay and benefi ts for remaining employees, but analysts believe continued growth will have to come from a strategy that includes increased hiring.
SEPTEMBER/OCTOBER 2011 DIVERSITY & THE BAR®
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