Table of contents: VOL. 149, NO. 7 - April 5, 2004
50 Years Of The Fortune 500
How The Companies Stack Up The Companies, BY PERFORMANCE An accounting change boosted revenues for the energy crowd (TransMontaigne didn't even make the top 1,000 last time), but profits like Exxon Mobil's $21.5 billion were the real thing.
FORTUNE 1,000 Ranked Within Industries Welcome to the FORTUNE 1,000. When you're measuring results by industry, sometimes 500 companies are not enough. Take homebuilders, which got its own category just two years ago. The name Hovnanian (No. 501) might not be familiar, but with 26% revenue growth and a total return of 175%, it's a company worth keeping an eye on.
FORTUNE 5 Hundred How The Industries Stack Up THE INDUSTRIES, BY PERFORMANCE. Whether you were drilling for oil, transporting it, refining it, or selling it to drivers of thirsty SUVs, 2003 was a good year to be in the business, with prices of crude the highest in 19 years. No wonder they call it black gold.
FORTUNE 5 Hundred Ranked Within States THE LOCAL ANGLE. A magnet for ambition since Levi Strauss got his start there, California now edges out New York for most FORTUNE 500 headquarters. Only a third are in tech.
The Year Of The Comeback Record profits, record revenues--it was a vintage year for the FORTUNE 500.
The Sinking Of Bethlehem Steel A hundred years ago one of the 500's legendary names was born. Its decline and ultimate death took nearly half that long. A FORTUNE autopsy.
The Most Underrated CEO Ever The legendary Sam Walton got the credit, but it was David Glass who turned Wal-Mart into the world's largest company. In an exclusive interview, Glass talks about the early days, the boom years, and how China will keep the mega-merchant going strong.
One Truck A Minute Ford's Kansas City factory builds more vehicles than any other assembly plant in the country. Here's how it gets it done.
Another Boss Another Revolution Jeff Immelt is following a time-honored GE tradition: abandoning the most treasured ideas of his predecessor.
GM Gets Its Act Together. Finally. How America's No. 1 car company changed its ways and started looking like ... Toyota.
The New Soul Of A Wealth Machine Human ingenuity has transformed the corporation in the past 50 years from towering hierarchy to highly adaptable network. We dedicate this issue to 500 great American inventions.
Putting The Muscle Back In The Bull Stan O'Neal may be the toughest--some say the most ruthless--CEO in America. Merrill Lynch couldn't be luckier to have him.
Can Moto Find Its Mojo? Motorola used to place big bets and win. Now it keeps on losing. Ed Zander's here to change that.
The Brand King's Challenge When it comes to image making, PepsiCo is one of the smartest companies around. But it has never faced a problem quite like this.
Pinnacles of Power Trophy buildings rise at the peak of a company's influence. They survive as monuments to greatness past.
A Tale Of Two Companies One started in 1955 and is in the FORTUNE 500. The other started five months ago and doesn't have an office yet. What it takes to reach the pinnacle of business.
Future Shock If you thought the past 50 years were a time of radical change, you ain't seen nothin'. Futurist PETER SCHWARTZ fast-forwards to 2054 and gives us a preview of the top ten companies of the 100th FORTUNE 500.
The biggest moneymakers! The best investments! The hall- of-famers and the one-hit wonders! The triumphs, the failures, the milestones! Fifty years of... AMAZING FACTS!