Wal-Mart Tops Fortune’s Global 500

Wal-Mart’s been named the biggest corporation in the world for the second year in a row by Fortune Magazine’s Global 500. The company payroll exceed 2 million people this year, and continues to grow… along with company profits. The company earned over $378 billion last year - making it the world’s largest company by revenue - and $12.7 billion of that was profits. Despite a profit margin the size of a small national economy, the company still couldn’t find the money to make sure all its employees have health care, raise wages OR source their products responsibly. Wal-Mart certainly deserves recognition for its size, but there’s so much more the company could do with its wealth. We look forward to the day when the world’s largest company is a leader on social responsibility, too.

1. Wal-Mart Stores [Fortune]

Retaining its spot as the largest company in the world, the retail giant spent the last year making strides toward becoming friendlier to its workers and the environment. Long derided for the limited health-care packages offered to its employees, the company focused on expanding its options. As of January, 93.7% of Wal-Mart’s U.S. employees had some form of health care, up from 90.4% last year.

On the sustainability front, the retailer sold 145 million energy-efficient light bulbs in 15 months and joined forces with the Clinton Climate Initiative. Some say it isn’t enough; a union-backed ad campaign by WakeUpWalMart.com at the end of 2007 targeted the quality of the company’s imported products.

Still far from pleasing all its critics, Wal-Mart did please its shoppers: Its renewed focus on lower prices delivered a stellar second half, bolstering total revenue for the year to $379 billion.

Posted by Alex Goldschmidt on Wednesday, July 09, 2008

COMMENTS

walmart you are doing great and keep up the good work.ignore all the bullshit ufcw union backed stories and bs on here

m att hew vantress in gresham,oregon
Thursday, July 10 at 05:15 AM

where is all my praise for the other union stores that do so well.someday if reality becomes apparent to me a great big clock will fall on my face and i will know that the truth has finally chased me down to bury me in my own grave that i alone have pissed on.

m att hew vantress in gresham,oregon
Thursday, July 10 at 05:38 AM

Just because you’re the biggest doesn’t mean you’re the best at what you do. It just means you’re the biggest. Wal-Mart stopped being good at what they do many years ago. Tbey treat employees like garbage, squeeze suppliers, and at times even treat their customers like garbage as well. This biggest company gets a grade of a “D” as far as I’m concerned. And I think I’m being generous!!

Jane in N.Y. in
Thursday, July 10 at 09:43 AM

ufcw union grocers you love jane treat workers much worse maam.i know i am an ex ufcw union grocery worker the same ufcw union that feeds you all the bs on here jane and you stupidly keep buying it.

m att hew vantress in gresham,oregon
Thursday, July 10 at 12:20 PM

all your favorite stores like target,costco and etc jane squeeze suppliers too and we dont hear shit from you on that so shut up.

m att hew vantress in gresham,oregon
Thursday, July 10 at 12:21 PM

Jane, do you listen the crap you post?

“Just because you’re the biggest doesn’t mean you’re the best at what you do. It just means you’re the biggest. Wal-Mart stopped being good at what they do many years ago.”

Getting to be the biggest means being the best in your market space by using your competitive advantages.  Otherwise how do you get to be the biggest?  If Walmart “stopped being good at what they do many years ago” then how did they continue to get bigger and become more successful in their space?  Logic absolutely defies some of your statements Jane.

mary in
Thursday, July 10 at 12:46 PM

The church of Walmart only thinks of biggest without knowing the damage they caused. Al Capone got to be the biggest in Chicago and that is all that matters. You see, m att hew and I belong to a cult and at any cost we will ‘defend’ our sacred Walmart no matter how insane America thinks we are. Our logic is your job loss. How do you think the Waltons made their money? The means justify the ends in screwing over Americans.

mary in
Thursday, July 10 at 02:25 PM

Next thing we know,WalMart will be announcing that their financial records belong to God-like televangelist Kenneth Copeland recently to Senator Chuck Grassley in an investigation of several T.V. prosperity preachers’ finances.

ddrb in
Thursday, July 10 at 02:55 PM

mary,

You mean you don’t understand Jane’s logic?  Here’s how it works:

If you are good at what you do, people will STOP shopping there, but, if you aren’t good at what you do, people will flock to your store!!

If you treat your employees badly and abuse them, you will get millions of applications a year!!

If you mistreat customers, they will keep coming back and spend lots of money!!

If you mistreat vendors, they will make you their no.1 customer!!

And, if you screw over communities, they will fight over who will get the next store!!  So, the communities offer tax breaks to get your terrible store into their city!!

Sounds like some sort of REVERSE LOGIC to me!!  If you are bad, you grow, but if you are good, you go out of business!!

RDS in
Thursday, July 10 at 11:41 PM

“Al Capone got to be the biggest in Chicago”

But, Al Capone FORCED his way to the top, with guns!!  When did you last hear that Wal-Mart FORCED it’s way to the top of American business with the use of guns?

RDS in
Friday, July 11 at 12:00 AM

“When did you last hear that Wal-Mart FORCED it’s way to the top of American business with the use of guns?”

It’s PRECISELY statements and “logic” like this that make you the biggest idiot and asshole on this blog bar none, RDS!

ScrewedbyWal-Mart in Anytown, America
Friday, July 11 at 07:49 AM

Screwed:I can see the headline now---"Arkansas man shoots self in foot while shooting off mouth!!”

ddrb in
Friday, July 11 at 11:15 AM

Screwedby,

“It’s PRECISELY statements and “logic” like this that make you the biggest idiot and asshole on this blog bar none, RDS!”

You are right, it makes much more sense, to use the ‘logic’ that millions of people shop and work at Wal-Mart, because they are such a terrible, abusive company, right?  Didn’t they just announce a 5.8% rise in business?  It must be very EGO raising, to think that you are right and millions of others are wrong!!

RDS in
Friday, July 11 at 12:16 PM

Screwed:I can see the headline now---"Arkansas man shoots self in foot while shooting off mouth---------TWICE!! “

ddrb in
Friday, July 11 at 04:16 PM

...how did they continue to get bigger and become more successful in their space?

Wal-Mart is bigger. No argument there, but “more successful” is debatable.  Using what metric? Profit margin?

Didn’t they just announce a 5.8% rise in business?

Yes they did, RDS. Same store sales increase which just goes to prove that with the economy in the tank, and the American consumer stripped of choice, they will begrudgingly shop at Wal-Mart. Or, as I frequently say:

What’s good for Wal-Mart is BAD for America!

Ken V in Texas
Saturday, July 12 at 02:02 PM

Or…

What’s good for Ken V in Texas is BAD for the rest of us!

bbrd in
Saturday, July 12 at 02:55 PM

Originality isn’t exactly your strong suit, huh, bb?

But you’re right. I’m not about ‘personal responsibility’, I’m all about self-reliance. Ever hear of it?

Education is the ability to listen to almost anything without losing your temper or your self-confidence. ~ Robert Frost

Ken V in Texas
Saturday, July 12 at 06:01 PM

Ken V,

“I’m not about ‘personal responsibility’, I’m all about self-reliance.”

Isn’t ‘self reliance’, NOT relying on others, like your employer, to take care of you?  And, wouldn’t that make YOU responsible to provide your own health insurance and enough income to support your family?  And, doesn’t that fly in the face of the anti Wal-Marter’s who want to rely on Wal-Mart to provide those things for them, through insurance benefits and a ‘living wage’?

In order to have ‘self reliance’, don’t you need to accept ‘personal responsibility’ for your actions?

RDS in
Sunday, July 13 at 02:55 AM

In order to have ‘self reliance’, don’t you need to accept ‘personal responsibility’ for your actions?

No! :o)

Ken V in Texas
Sunday, July 13 at 01:32 PM

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