The very largest companies are taking over a steadily growing share of U.S. business. FORTUNE'S annual listing of the top 500, published last week, shows that the biggest industrial companies rang up almost 64% of all industrial sales in the U.S. last year, up from 62% in 1967 and just over 55% a decade ago. In their fields the 500 employed 687 out of every 1,000 workers and accounted for 74% of total profits. Despite the tax surcharge, profits were up 13%, to $24 billion.
General Motors again led the list, followed in the top ten by Standard Oil...
To continue reading:
or
Log-In