Companies on the list had revenue equivalent to 72% of the U.S. GDP. Is big business more important than ever? Fortune’s Leigh Gallagher, Alan Murray and Brian O’Keefe discuss.
Companies on the list had revenue equivalent to 72% of the U.S. GDP. Is big business more important than ever? Fortune’s Leigh Gallagher, Alan Murray and Brian O’Keefe discuss.
8 comments:
Damn! Look at that last graph! **frown**
profits up, raxes down, labour expenses down, miniscule dividends. Where's the $ gone?
Can you spell C-H-I-N-A?
International corporations are NOT an American's friend.
Yes, I can spell that word.
Notice the year of "peak" employee compensation (~1970). What happened in that year (or slightly before_ to initiate the decline? Something changed.
Joe,
China!
Just like in America, after real estate (ghost cities/ remember OUR bubble-pop in 2007-8?), the Chinese "workers" only real "investment opportunity" appears to be corporate stock... despite the fact that these stocks pay little to nothing in "Dividends". So why don't the Chinese worlers invest in their own entrepeneurial "start-up" businesses themselves? Because independent "petit bourgeois" business owners are ANATHEMA to the Chinese Communist Government. They will allow "certain" capitalist enterprises to succeed... those which THEY directly (or indirectly through the PLA) control.
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