The Fortune magazine has recently announced a list of 50 most admired companies worldwide. According to the final result, Apple, Google, Berkshire Hathaway, Southwest Airlines and Procter & Gamble respectively win five leading positions with no surprise.
Top 50 rank: 1
Rank in Computers: 1 (Previous rank: 1)
Overall score: 8.16
2011 is the fourth straight year Apple tops the Fortune’s Most Admired list. Its blistering pace of new product releases has continued to set a high barrier for tech companies across the board. This company nearly doubles its quarterly profits vs. a year ago and the second generation of iPad launched in Mach 2011 marks Apple's milestone product successes.
CEO Apple Steve Jobs made a surprise appearance at the launch of iPad 2
iPhone 4 will be announced available from Verizon
Top 50 rank: 2
Rank in Internet Services and Retailing: 1 (Previous rank: 1)
Overall score: 8.22
Though Google only ranks second place after Apple, it is still best-known as the king of search. The giant now focuses on activating devices loaded with its Android operating system at a rate of over 10 million every month.
A big change for the company comes when CEO Eric Schmidt, who has led the company since 2001, will leave the position in April
Google co-founder Larry Page will retake the position
3. Berkshire Hathaway
Top 50 rank: 3
Rank in Insurance: Property and Casualty: 1 (Previous rank: 1)
Overall score: 6.88
Berkshire Hathaway maintains its third-place spot this year and CEO Warren Buffett is still an admired champ thanks for his talented judgments about stocks as well as for building a huge operating company.
The most dramatic investment in 2010 of Berkshire was its $26 billion purchase of Burlington Northern Santa Fe
Warren Buffett emphasized in an annual letter to Berkshire investors that American business would continue to thrive in spite of persisting economic uncertainties
4. Southwest Airlines
Top 50 rank: 4
Rank in Airlines: 3 (Previous rank: 4)
Overall score: 6.17
Southwest Airlines has been a more appropriate carrier than other airline companies since it started offering low-cost flights in the 1970s. Though airlines in general recently have received bad press for tacking on fees, it is still among the world's most admired companies.
Southwest generated strong earnings in its most recent quarter, with profits up 13% from a year earlier
The acquisition of AirTran will give Southwest Airlines more planes and allow the company access to more markets
5. Procter & Gamble
Top 50 rank: 5
Rank in Soaps and Cosmetics: 1 (Previous rank: 1)
Overall score: 7.43
Procter & Gamble, the world's largest consumer-products company with annual sales around $79 billion, has an incredible reach, the fifth on the overall list this year and first in its industry every year.
P&G has a long history of earning the respect of its peers
P&G says it will have to raise prices on some products due to rising commodity prices