Word: bailouts
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...list for the first time, at No. 56, four spots from the bottom. "Here's a company that members of the public would never interact with suddenly on the list," says Fronk. Credit a slew of bad press about Goldman having its hand in everything from AIG's bailout to the flailing financial state of Greece. (See how Americans are spending...
Among the companies that made significant moves from last year's list, Ford made the biggest jump, from No. 51 to No. 37. "CEO Alan Mulally has been out in public making long-term decisions: not taking bailout money, having a vision," says Fronk. "It's a different story going on at Ford than at some of their competitors." Other big gainers included ExxonMobil, Pepsi, Costco, the Home Depot and Southwest Airlines. Among the companies falling the fastest in the rankings were Bank of America, Verizon, Sony, Target and Time Warner (the parent company of TIME). (See which businesses...
Financial firms and automakers that took bailout money largely made up the bottom 10. In descending order, they were: Delta Airlines, Bank of America, JPMorgan Chase, General Motors, Chrysler, Goldman Sachs, Citigroup, Fannie Mae, AIG and Freddie Mac. Industry-wise, tobacco again claimed the worst reputation; last year it shared that honor with financial services, which this year held the second worst reputation. Third worst was insurance. At the top end of the industry-reputation list were technology, travel and tourism, and retail...
...Mediterranean states already get plenty of funds from the European kitty as steady entitlements. And solidarity, a favorite shibboleth of all good Europeans, goes both ways. Europe should spread the wealth, but help works best when the profligate show remorse for their sins. This is why Merkel's no-bailout rule could have an entirely salutary effect, by imposing fiscal rectitude on the wayward...
Still, let's not praise Merkel the martinet too much. She has not acted out of pure selflessness. As the richest nation in Euroland, Germany would have had to pay the largest share of the bailout. And if the euro careens out of control, Germany would end up as the biggest loser. With the euro derailed, the new deutsche mark would be everybody's darling, driving its value up - not a cheery prospect for the world's second biggest exporter. (See video: "Globabl Business Trips: Germany...