Sign in Subscribe
Semiconductor industry

General Electric Tops Fortune's List of Most Admired Companies

Strategic Insights

— 2 min read

General Electric has been named the most admired company in America for the second consecutive year, according to Fortune's annual survey of the country's business leaders. This achievement is a testament to the company's commitment to innovation and excellence, as it continues to outperform its competitors in various industries. The top ten list of America's Most Admired Companies, as ranked by Fortune, includes a diverse range of companies from different sectors, each recognized for their exceptional leadership, financial performance, and brand reputation.

Key Takeaways:

  • General Electric has been named the most admired company in America for the second consecutive year, according to Fortune's annual survey.
  • New to the top ten list this year are Dell Computer (No.4) and Wal-Mart Stores (No.6), two companies that have achieved impressive growth and shareholder returns through focused use of technology.
  • Coca-Cola, Microsoft, Berkshire Hathaway, Southwest Airlines, Intel, Merck, and Walt Disney also made the top ten list, each recognized for their exceptional leadership, financial performance, and brand reputation.
  • For the first time since the list was inaugurated in 1983, J.P. Morgan lost its first place ranking in the money center banks category to Citicorp.
  • Stroh Brewery Co. announced plans to sell its brands to Pabst and Miller brewing companies, with the Detroit-based Stroh family expected to make $160 million on the deal.
  • FedEx will increase its list rates an average of 2.8 percent for shipments within the United States, effective March 15.
  • The 1996 lawsuit brought by former Disney studio chief Jeffrey Katzenberg against his ex-employer has been scheduled for arbitration before a former Los Angeles state judge beginning on April 1.
  • Joe Roth, Disney's current studio chief, is contemplating leaving the studio, according to insiders.
  • HBO has launched a new Internet game show for grade-schoolers at its kids' Website (www.hbo4kids.com/crashbox).

Statistics:

  • 469 companies were ranked in Fortune's survey of America's Most Admired Companies.
  • 10 companies made the top ten list, with General Electric ranking first for the second consecutive year.
  • Dell Computer and Wal-Mart Stores joined the top ten list this year, ranking No.4 and No.6 respectively.
  • 2.8% average increase in FedEx list rates, effective March 15.
  • $160 million: the amount the Detroit-based Stroh family is expected to make on the sale of Stroh Brewery Co.'s brands.
  • April 1: the date scheduled for arbitration of the 1996 lawsuit brought by former Disney studio chief Jeffrey Katzenberg against his ex-employer.

Sources:

  • Fortune's annual survey of America's Most Admired Companies
  • Milwaukee Journal Sentinel
  • Business Week
  • UPI New York News Provided by COMTEX (http://www.comtexnews.com)

Read more