Fortune Magazine released the names of America’s most profitable companies in their “Fortune 500” list.
The company on top of the list is no surprise. With lower wages, and a decrease in full time vs. part time employment, whether by choice or necessity Wal-Mart stands in the number one spot.
Numbers two, three, and four are also no surprise. Oil giants Exxon Mobil, Chevron, and Phillips 66 once again made record profits, while consumers paid more at the pump.
Rounding out the top five is Warren Buffet’s Berkshire Hathaway.
Business continues to move upward on the graph, indicating a gradual but consistent rise in the economic forecast.
Small surprises include Apple, which moved into the top ten for the first time. Facebook made the 2013 list for the first time in the company’s brief history. The 482 ranking “makes Mark Zuckerberg the youngest person on the list,” Leigh Gallagher said, who is the Fortune Managing Editor.
“This company rocketed onto this list . . . as fast as Google did,” she said of the social network. “In the tech world, innovation happens a lot quicker. Years ago it would have taken decades.”
Columnist-The Guardian Express