You could almost rename this quiz "Shareholders in the United States government," though since the decision that allowed foreign companies to funnel unlimited amounts of money into the system as well it's not fair to restrict that quiz to American companies only.
At the risk of triggering a political argument, I think this attitude symbolizes a lot of what's wrong with American discourse today. In my opinion, money is a not a proxy for citizenship.
true, quizmaster. I was just pointing out that corporations "funneling money into the system" doesn't mean they own the government, and everyone who pays taxes has a considerable personal stake in its direction. But of course all citizens can be called 'shareholders' irrespective of financial involvement.
Some of them are private companies and do not appear on this list (Cargill, for one, as someone already mentioned), others are foreign-owned, and many are just smaller companies whose sales don't match the conglomerates. But I think the bottom line is that we Americans sometimes just don't appreciate how cheap our food really is.
That's because all the food companies in the world are owned by Nestlé! Seriously, they are $100B ahead of their closest competitor, Pepsi (which appears on this list at #45), which owns a remarkable number of food brands. Coming in at #3 worldwide is Coke (also on this list), which mostly concentrates on beverages; #4 is Kraft, dwarfed by Nestlé which is 2.5x bigger. After that, the list of top 10 food companies in the world is rounded out with increasingly smaller companies – half of the full list being European, and #10 being literally 1/10th the size of Nestlé. So yes, food companies are well-represented among the richest in the world – they're just suuuuuper conglomerated, and not mostly American.
There are quite a few of these that most Americans have never heard of, either. A lot of these health, energy, pharma and finance companies rake in billions very quietly, which is how the majority of them want it.
Yes, also some of them are conglomerates which have taken over companies whose names we might have recognized, such as Warren Buffet's Berkshire Hathaway which owns such companies as Fruit of the Loom and Dairy Queen. Others are companies whose names have changed slightly since forced breakups - there is a JP Morgan, JP Morgan Chase, Morgan Stanley etc. I also didn't realize Conoco/Phillips was different from Phillips66.
A lot of these companies (like health companies) aren't particularly profitable. If you're looking for windfall profits, you shouldn't look at the Fortune 500, which is a list of companies with the highest revenue.
In 2017 McDonald's was #131 on the list - enough to make the Fortune 500 list, but not the Fortune 100. A fast food restaurant doesn't have near the revenue of a major oil company or banking institution.
Just checked on their reported revenue but still finds it unbelievable....just looking at food companies, companies like archer daniels (which i never heard of before) actually made double the revenue of mcdonalds in total. The Mac being the sole symbol of american globalism with almost 40 thousands location worldwide actually made that little. Shouldn't retail business generally makes more money than wholesale/distributor????
When we were row-crop farming we sold most of our grain to ADM or Cargill because they owned the grain elevators in our area. As farmers we always complained that the middle men and bankers made all the money. A grocery store manager told me that his store operated on a one to two percent profit margin. Look at who is always building new, expensive buildings - banks.
Can someone please explain how Amazon is only #8, and Disney is only #55? I'm genuinely curious how the companies which produced the richest man on Earth and control nearly the entire media, respectively, aren't higher up.
The answer for number 58 is wrong. Only "HP" should be accepted and displayed, not "Hewlett Packard", they are no longer the same company. The old Hewlett Packard company split into two in 2015. One became HP (the one at position 58) and the other became Hewlett Packard Enterprise. HP is not permitted to use the "Hewlett Packard" branding so it shouldn't really be an answer here. If you check the Fortune 100 source, you will see that it is listed as HP. Also Hewlett Packard Enterprise is at position 109 on the Fortune 500.
Interesting quiz. A lot I have never heard of, albeit I may know the trading names of the companies or their subsidiaries, and a few I have heard of but would never have thought of. I think I managed to name every large US Market Cap company NOT on the list. Still, better than average, so happy enough.
i knew them all but ran out of time(89/100, beats 98.3% of test takers, average is 21)
Kidding... sorta.