The March issue of Fortune contains the magazine’s annual ranking of the most admired companies and this year’s list shows Walmart slipped two spots from the prior year and now occupies the 11 position.
Those ranked ahead of Walmart on the list include top ranked Apple, followed by Google, Berkshire Hathaway, Southwest Airlines, Procter & Gamble, Coca-Cola, Amazon.com, FedEx, Microsoft and McDonald’s. Walmart was the highest ranked retailer on the list which also included, Nordstrom (21), Target (22), Costco (29), Best Buy (36), eBay (45) and Lowe’s (49).
To produce the list Fortune works with the Hay Group who starts with about 1,400 companies whose revenues exceed $10 billion. Hay Group sorts them by industry and selects the 15 largest for each international industry and the 10 largest for each U.S. industry. A total of 667 companies from 33 countries were surveyed. To create the 55 industry lists, Hay asks executives, directors, and analy