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John Thomas graduated with a bachelor’s degree in biochemistry with honors and a minor in mathematics from the University of California at Los Angeles (U.C.L.A.) in 1974. He moved to Tokyo, Japan where he was employed by a medium-sized Japanese securities house. Thomas became fluent in... More
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  • The Fortune 500's Annus Horriblus 0 comments
    Apr 20, 2009 11:49 AM | about stocks: AIG, LEH, BS, MA, V, RL, XOM, GMGMQ.PK, WMT

    Last year was truly the annus horriblus for the Fortune 500, which saw profits plunge from $645 billion to $99 billion, the worst performance in the tabulation’s 55 year history. AIG alone lost $99.3 billion, taking it from number 13 on the list to no. 294, made possible I’m sure only through some spectacular accounting fiction. Many once mighty names were struck from the venerable list, including Lehman Brothers (LEH), Bear Stearns (BS), and Anheuser Busch (BUD), to be replaced my new risers like Polo-Ralph Lauren (RL), Master Card (MA), and Visa (V). Only three companies have shared the number one spot since 1955: Exxon Mobile (XOM), Walmart (WMT), and General Motors (GM). Guess which one made the top this year?

    Stocks: AIG, LEH, BS, MA, V, RL, XOM, GMGMQ.PK, WMT
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