Wal-Mart Tops Exxon on Fortune 500

[onehandle]

Source: New York Times/AP

NEW YORK (AP) -- Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two.

snip...

Oil companies have three of the top five spots.

Read more: http://www.nytimes.com/aponline/business/AP-Fortune-500.html

[Gman]

1. This after Exxon made the largest profit since

man's ancestor crawled out of the ocean millions of years ago.

[SahaleArm]

2. Who measures size by revenue? Exxon creamed Walmart in profit

Exxon made $36-Billion in profit while Walmart made a paltry $11-Billion on pretty much the same revenue.

[gravity]

7. And Exxon has twice the market capital of Walmart

This story is misleading

[NoGOPZone]

8. Fortune has long issued their rankings based on revenue

Forbes does its own rankings which takes into account profit, assets and market value.

[NoGOPZone]

3. Wal-Mart dethrones Exxon on Fortune 500

Source: Associated Press

Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two.


With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.



Read more: http://news.yahoo.com/s/ap/20070416/ap_on_bi_ge/fortune500_1

---

Even with Exxon Mobil removed from the top spot, the oil oligopoly remains powerful, comprising three of the top five, four of the top twenty, and five of the top thirty places

[Captain Hilts]

4. Yet they make people work off the clock. nt

[Faux pas]

5. It pays not to pay your employees. n/t

[onehandle]

6. Dupe.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2808818