It was a very good year for the Global 500, new-comers and old-comers alike. But can it last
Think of FORTUNE’s Global 500 as a candid family portrait, a statistical snapshot of the world’s largest corporations assembled shoulder to shoulder, frozen in time. So it is that this year, in the waning light of the 20th century, our reunion photo captures an optimistic scene: a rosy business landscape populated by jolly corporate giants--healthy, happy, and fat. After stumbling amidst the economic turmoil of 1998, the companies of the Global 500 recovered gracefully in 1999. Their total revenues increased 10.6% the best top-line growth in four years, and profits surged 26%.
Many of last year’s leaders are once again ahead of the pack. General Motors (No. 1) held tight to its position atop the revenue rankings. (2) But Wal-Mart Stores, fourth last year, rose to No. 2, aided by its $10.7 billion purchase of Britain’s Asda Group (formerly No. 354).
A. 7.
B. 10.
C. 14.
D. 20.
It was a very good year for the Global 500, new-comers and old-comers alike. But can it last
Think of FORTUNE’s Global 500 as a candid family portrait, a statistical snapshot of the world’s largest corporations assembled shoulder to shoulder, frozen in time. So it is that this year, in the waning light of the 20th century, our reunion photo captures an optimistic scene: a rosy business landscape populated by jolly corporate giants--healthy, happy, and fat. After stumbling amidst the economic turmoil of 1998, the companies of the Global 500 recovered gracefully in 1999. Their total revenues increased 10.6% the best top-line growth in four years, and profits surged 26%.
Many of last year’s leaders are once again ahead of the pack. General Motors (No. 1) held tight to its position atop the revenue rankings. (2) But Wal-Mart Stores, fourth last year, rose to No. 2, aided by its $10.7 billion purchase of Britain’s Asda Group (formerly No. 354).
A. Pessimistic.
B. Tense.
C. Sad.
D. Optimistic.
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