ArcelorMittal, RIL in WSJ’s respected companies listSeptember 6th, 2008 - 7:08 pm ICT by IANS
New York, Sep 6 (IANS) PepsiCo, headed by India-born Indra Nooyi, is the ninth most respected company in the world, NRI Lakshmi Mittal led ArcelorMittal is ranked 60th and Reliance Industries, India’s largest corporate, makes it at No. 83 in the Wall Street Journal’s respectability ranking of the world’s 100 largest publicly traded companies. The top five in the list are Johnson & Johnson, Procter and Gamble, Toyota, Berkshire Hathaway and Apple.
Search engine Google has jumped from 22nd spot last year to the sixth, its rise is matched by the fall for software giant Microsoft, which has slipped from sixth spot to 21st this year.
In its fourth annual survey released online Saturday, the reputed business daily asked money managers the degree to which they respect - or don’t - the world’ 100 largest companies (as measured by total market value). The mean score was arrived at by assigning point value to each of the four categories - Highly Respect, Respect, Respect Somewhat and Don’t Respect.
ArcelorMittal’s mean score is 1.90 and Mukesh Ambani led RIL’s 1.36, contrasted with the mean score of around 4 for the top five companies in the world.
Listed in France, ArcelorMital had 10 percent money mangers saying Highly Respect, 29 percent Respect, 37 percent Respect Somewhat and 10 percent Don’t Respect to it. The steel maker has, however, improved its standing from last year when it was ranked 93.
RIL has much catching up to do - only four percent said Highly Respect, 17 percent Respect, 46 percent Somewhat Respect and 11 percent Don’t Respect to the diversified group.
PepsiCo has come up three spots from last year’s 12th rank, but is still behind soft drinks rival Coca-Cola which is ranked eightth.
Vodafone, the world’s biggest mobile company (by revenue), which was headed by India-born Arun Sarin till June this year, is at 66th spot in the list, an improvement from the 80th rank last year.