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So let's look at the 10 biggest public American companies as calculated by Forbes in May of 2013: 1) J.P Morgan 2) General Electric 3) Exxon Mobile 4) Berks
by dlp211 13y ago
So let's look at the 10 biggest public American companies as calculated by Forbes in May of 2013:
1) J.P Morgan
2) General Electric
3) Exxon Mobile
4) Berkshire Hathaway
5) Wells Fargo
6) Chevron
7) Apple
8) Walmart
9) Citigroup
10) AT&T
Yea, I am going to have to disagree with your premise, that the top companies from decades ago have been replaced by bit players considering at least half these companies predate WWII and the rest came about not by competition, but by market evolution.
http://www.forbes.com/global2000/list/ http://www.forbes.com/global2000/list/
Edit: added public to the first sentence.
- jmspring 13y agoAnd at least half of those companies have received large bailouts from the government or are getting access to natural resources on the cheap ($1/year leases).