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November
13th, 2002
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Global Finance's World's Best Companies - 2002 In its November, 2002, issue Global Finance magazine identifies the world's best companies. My, my, what a difference a year makes. United, last year's best global airlines, is teetering on the edge of bankruptcy. Enron, last year's best energy services company, is the poster child for corporate malfeasance. Who says the world doesn't change and "the big boys are always on top!?" For the fifth year, Global Finance identifies the world's best companies in 28 economic sectors, compared with last year's 25 sectors. The three new sectors are Leisure, Tobacco, and splitting Consumer Products into Consumer durables/electronics and Consumer nondurables. 17 of the 28 companies are newly crowned as best in their industry on the face of the earth, a rather large 61% turnover rate.
Criteria for selection are both objective and subjective:
The above criteria are similar to last year's list, but a bit less numbers oriented. Each company has a several paragraph description, partly descriptive and partly suggestive of strategies that may be worth thinking about for your own company. In addition to the above, Global Finance identified the top companies in the same 28 sectors for North America, Europe, Asia, and Latin America, each with a one paragraph description. Source: Global Finance, November, 2002, issue.
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