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MOST RESPECTED CORPORATES

 

PwC ranking of most-respected corporates puts GE, Microsoft on top

 

 

 

MANALI ROHINESH

July 7, 2006: PriceWaterhouseCoopers (PwC) has released its report titled the ‘The World’s Most Respected Companies in 2004’. The report clearly shows that visionary leaders of companies who are able to put their shareholders and investors’ interest on top and at the same time maintain corporate governance and other regulatory norms in order.

Chairman, PriceWaterhouseCoopers LLP, Kieran Poynter said, “As our rankings confirm once again, the most respected companies are those that combine an outstanding track record of value creation with the culture and strategy to sustain that value creation into the future.”

He added, “But a closer look shows many of them have something else in common. Within the past few years, a large proportion have effectively bet their company on a ground-breaking idea or transformation. Some have done this more than once, and some are in the process of making such a leap right now.”

This report has been culled from responses from over 1,000 opinions across 25 countries. The survey seeks to identify those companies and business leaders globally, who are most respected by their peers and the reasons for their choices.

CEOs were asked to nominate three companies in the world they most respect. They were asked to select three companies they most respect in their industry sector, in the world. Each CEO was also asked to identify three business leaders they most respect in the world. CEOs were also asked to identify the three best global companies that demonstrate the best product or service innovation. Another important question they were asked was the one historic or current day individual they would nominate or ask to join their board.

To contrast their responses, 150 fund managers worldwide and 150 media commentators and non-governmental organizations (NGOs) were also asked their opinions on some of the questions.

Here is a synopsis of the report.

The World’s Most Respected Companies

* At no.1 was General Electric holding that position since 1999 (when this survey was first conducted).
* Second place was Microsoft, again holding that place since 1999.
* Third came Toyota, which was in 10th place in 1999 and then progressively moved to 6 (in 2000), held 6th place in 2001, 5 (in 2002) and 3 (in 2003).
* The sole Indian company, Infosys is a lowly 62. This is up from zero in 1999, 2000 and 2001, it came to 85 in 2002 but again disappeared to zero in 2003! 

World’s Most Respected Companies by Sector

Consumer Goods
* Sony Ericsson, it was placed zero in all the previous years.
* Second was 3M, this company started at 1(in 1999), 3 (in 2000), 3 (in 2001), dipped to zero in 2002 and was again 3 (in 2003).
* Nike was third, after being zero for three years, then making it to 5 (in 2002) and 2 (in 2003).

Electrical/ Electronics Companies

* First place went to GE, which it has retained since 1999 and lost only once in 2000.
* Second place went to Siemens which has climbed up from 4 (in 1999 & 2000) and remained at no.2 since 2001.
* Samsung came third after remaining at zero for three years, it was 3 (in 2002) and 5 (in 2003).

Energy/Chemicals Companies

* DuPont at first place throughout except once when it was 3 (in 2000).
* BP came second for the past three years but started at 6 (in 1999), 5 (in 2000) and 3 (in 2001).
* Dow Chemical was third and started at 8 (in 1999), came up to 1 (in 2000), 7 (in 2001-02) and was 4 (in 2003).

Engineering Companies

* First place to Toyota all the way.
* Second to BMW, which started at zero in 1999, 9 (in 2000), 3 (in 2001), 6 (in 2002), and 4 (in 2003).
* Nissan came in third, it was ranked zero until 2002 and then came in at 5 (in 2003).

Financial Companies

* Citigroup is on top throughout.
* HSBC was second, from 5 (in 1999 & 2000), 4 (in 2001), again slipping to 5 (in 2002 & 2003).
* American Express came in third, it started at zero in 1999 & 2000, was 19 (in 2001) and then again was at zero in 2002 & ’03.

Food/Beverages Companies

* Coca-Cola topped, was at 1(in 1999), 4 (in 2000), 4 (2001), 7 (in 2002) and 1 (in 2003).
* Nestle shared the no.1 spot with Coca-Cola, was at 1 (in 1999), 2 (in 2000), 1 (in 2001), 4 (in 2002) and 2 (in 2003).
* Unilever was at no.3; it was 7 (in 1999), 6 (in 2000), 5 (in 2001), 1 (in 2002) and 4 (in 2003).

Healthcare Companies

* Pfizer is at no.1 throughout except in 2002, where it came in second.
* Novartis was second, it was at 3 (in 1999), zero in 2000, at 6 (in 2001), 4 (in 2002) and 3 (in 2003).
* J&J was third, but it was at 5 (in 1999), 3 (in 2000), 3 (in 2001), 1(in 2002) and 4 (in 2003).

Utilities Companies

* Electricite de France (EDF) topped; it came in 2 (in 1999), 4 (in 2000), 1 (in 2001), 2 (in 2002) and again 1 (in 2003).

Recruitment Companies

* Adeco topped in 2003 & ’04; it ranked zero from 1999-’02.
* Manpower came in second; it too had been at zero from 1999-0’3.

Resource Companies

* Stora Enso was no.1, it had been at zero from 1999-’01, came up to 1 (in 2002) and 3 (in 2003)
* Alcoa was second, it had been no.1 since 1999 till 2001, it slipped to 9 in 2002 and came back to 1 in 2003.
* BHP Billiton was third, it had been at zero in 1999 and 2000, went to 1 (in 2001), 4 (in 2002) and 2 (in 2003).

Retail Companies

* Wal-Mart was at no,1 throughout except in 2002, when it slipped to no.2.
* Carrefour was second, it was 4 (in 1999), 3 (in 2000), 2 (in 2001), 3 (in 2002) and 4 (in 2003).
* Home Depot was third, it was 5 (in 1999), 2 (in 2000), 3 (in 2001), 8 (in 2002) and zero in 2003.

Telecom Companies

* Deutsche Telekom came first, while it was zero from 1999-’03.
* Vodafone came in second, it had been at 2 from 1999 to 2002 and was at zero in 2003.
* Pirelli Telecom Italia TIM was third after sticking at zero from 1999 to 2003.

Transport Companies

* UPS topped, it was 2 (in 1999), 5 (in 2000), 1 (in 2001), 2 (in 2002), and 4 (in 2003)
* DHL came in second, it had been at zero since 1999 to 2003.
* FedEx was third, it was at zero in 1999, 5 (in 2000), 2 (in 2001), and 1 (in 2002 &’03)

IT Companies

* H-P topped, it was at 2 (in 1999), 5 (in 2000), 1 (in 2001), 7 (in 2002) and 2 (in 2003).
* IBM came second, it was 6 (in 1999), 2 (in 2000 & ’01), 1 (in 2002) and 3 (in 2003).
* Dell was third, it was 5 (in 1999), at zero in 2000, at 4 (in 2001), 3 (in 2002) and 1 (in 2003).
* Infosys was at 9, it had been at zero in all the earlier years.

Media/Leisure Companies

* McDonald’s topped, it was 2 (in 1999), 1 (in 2000), 2 (in 2001), at zero in 2002 and 2 (in 2003).
* Four Seasons Hotel and Resorts came second, it had been at zero in all through except in 2001, when it was at no.7.
* Financial Times was third, it too had been at zero throughout except in 2002, when it was ranked at no.6.

Property/Construction Companies

* Skanska was at the top, it had been at zero in 1999 & 2000, 1 (in 2001), 5 (in 2002), and 2 (in 2003).
* Lafarge was second, it was at zero in 1999, 1 (in 2000), 2 (in 2001), 7 (in 2002) and 4 (in 2003).
* Halliburton was in the third place, after being consistently ranked at zero in the previous years. 

The World’s Most Respected Business Leaders

 Bill Gates came in first and has been there since 2002, after being at no.2 from 1999-2001.
* Jack Welch was at second place, after being no. 1 from 1999 to 2001, was 2 (in 2002) and 3 (in 2003).
* Carlos Ghosn came in third, after being at zero position in 1999-2000, 20 (in 2001), 7 (in 2002) and 4 (in 2003).
* NR Murthy was at 36, from being at zero in the earlier years.
* Mukesh Ambani came in at 42, from being at zero from 1999 to 2001, climbing to 33 (in 2002) and slipping to 40 (in 2003).
* Ratan Tata was at 46, he was at zero from 1999 to 2001, at 50 (in 2002) and back to zero in 2003.
* Azim Premji was 57 on the list after being at zero all through.

Individual chosen from history or modern times to join a company board/leadership

* Jack Welch
* Bill Gates
* Winston Churchill
* Jesus Christ came in fifth place!
* Julius Caesar at 15 and Leonardo Da Vinci at 16.
* Mahatma Gandhi and Charles de Gaulle tied at 33.
* NR Murthy was in 36 place just before Alexander the Great!
* Mother Theresa at 39 with Mukesh Ambani at 41.
* Azim Premji was at 52 and Ratan Tata was next at 53.

Companies that create the most value for their shareholders

* Microsoft all through except when it was no.2 in 2001.
* GE was second throughout but was no.1 in 2001.
* Toyota came in third, it was 10 (in 2001), 4 (in 2002) and 5 (in 2003).
* Infosys was 37, from zero in 2001, 43 (in 2002), and again zero in 2003.
* Reliance Industries was at 45, but was at zero in 2001, 36 (in 2002) and 32 (in 2003).
* Wipro was at 51 after remaining at zero from 2001-’03.

Fund Managers rated the companies on the above criteria

* First place went to Microsoft, which was no.1 in 2002 and no.4 in 2003.
* Second was GE, which was at no.2 in 2002 and no.1 in 2003.
* Berkshire Hathaway which was at zero in 2002 and came up to no.2 in 2003.

CEOs rated companies that best demonstrate their commitment to corporate social responsibility.

* Microsoft topped the list in 2003 & ‘04
* Similarly Toyota was second in both the years.
* BP was third after being 5 (in 2003).
* Tata Group Industries was at 36 and was at 34 in 2003.
* Infosys was at 40 and at zero in 2003.

NGOs rated the same criteria

* Microsoft again came out on top IN 2003 & ‘04.
* IBM came second in both the years.
* BP came in third after being at zero in 2003.

CEOs rated companies that have the most effective corporate governance

* GE was first in 2003 &’04.
* IBM came second in both years.
* Toyota came third in both years.
* Infosys came in at 35, it was at zero in 2003.
* Tata Group were at 46 and were also at zero in 2003.

NGOs rated on the above criteria

* Microsoft at 1 and was at no.2 in 2003.
* GE came in second from fifth place in 2003.
* Toyota came in third, up from zero in 2003.

CEOs rated companies that demonstrated the most innovation

* Microsoft 
* Sony Ericsson
* Toyota
* Infosys came in 53 followed by Reliance Industries at 54.

Fund Managers rated companies for the same factor

* Microsoft
* Dell
* Nokia

The World’s Most Respected Companies within Countries

In India:

* Infosys
* Tata Group which was at no.3 in 2003.
* Reliance Industries which slipped from second place in 2003.
* Hindustan Lever which also slipped from third place in 2003.
* Ranbaxy climbed up from no.6.
* ITC tied with Ranbaxy for the fifth spot but ITC had been at zero in 2003.
* Maruti Udyog was at 7 from zero.
* Hero Honda came in at 8 from zero.
* HDFC Bank came in at 9 from zero.

In USA:

* GE topped in 2003 & ‘04
* Microsoft came in at no.2 both the years.
* IBM was at no.3, again both the years.
* Hewlett-Packard was up from no.11 in 2003.
* Wal-Mart tied with H-P at no.4, Wal-Mart had been at the same spot in 2003.
* Dell came sixth, where it had been in 2003.
* Coca-Cola and Southwest Airlines tied for the seventh place; both had been at zero in 2003.

In the UK:

* BP was on top while it had been at no.3 in 2003.
* Tesco was at no.2, where it had been in 2003.
* Royal Bank of Scotland was at no.3 from 5 in 2003.
* HSBC was up from 10 in 2003
* BT Group was at 5, it was at zero in ’03.
* easyJet and Virgin were both at no.6 from no.8 in 2003.
* GSK was at no.8 from no.13 in 2003.
* Vodafone tied with GSK at no. 8; GSK had been at zero in 2003.

This kind of detailed ranking has been done for 22 other countries. Get your hands on a copy of the report to see them all!

MANALI ROHINESH

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