This will shock the AMDroids !!!!
Intel - the 9'th ``Most Admired'' In Latest Financial Times/PricewaterhouseCoopers Survey Of World's Most Respected Companies
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Monday December 17, 10:42 am Eastern Time
Press Release
SOURCE: Financial Times
General Electric, Microsoft & IBM Ranked ``Most Admired'' In Latest Financial Times/PricewaterhouseCoopers Survey Of World's Most Respected Companies
NEW YORK--(BUSINESS WIRE)--Dec. 17, 2001--General Electric was ranked the World's Most Respected Company for the fourth year running in the latest Financial Times/PricewaterhouseCoopers survey, released today.
Microsoft came in second place and IBM took third. Jack Welch, the recently retired CEO of GE, retained his position as the world's most respected business leader.
US-based companies once again dominated the list, claiming seven of the top 10 spots. Japan-based Sony was the highest-rated non-US company, and finished in fourth place. Coca-Cola rounded out the top five. Among European companies, Finland's Nokia came in seventh place - it's top-10 ranking marked the first time in two years that a European company placed among the survey's top ten finishers.
The record number of senior executives who took part in this international survey were asked a series of questions about which companies and business leaders they admired most. In this, the 4th such survey sponsored by the Financial Times & PricewaterhouseCoopers, 914 CEOs from 65 countries were asked not only which companies and leaders that they admired, but why. New questions in this year's survey focused on value creation and environmental responsibility. More than 20% of respondents cited business strategy as the most important factor for making their survey selections - twice as many as last year.
Rhys David, editor of the survey, said: ``Providing value for shareholders, making the best use of environmental resources and ensuring customers are satisfied are all vital concerns for chief executives of today's companies. The FT/PricewaterhouseCoopers survey offers valuable insights into just which of these companies are thought to do so, not just by other top executives, but by the public as well.''
Kieran Poynter, Senior UK Partner for PricewaterhouseCoopers, said: ``A vital message to emerge from this survey relates to reputation. It's clear that successfully managing reputation can create a 'virtuous circle' of improving perceptions among all stakeholder groups. Get this right, and it can have a positive impact on investors, the cost of capital, and a company's ability to expand and respond to potentially volatile events.''
The survey is published in the December 17th edition of the Financial Times, and is also available on FT.com at specials.ft.com
Notes to editors:
1. Top Ten World's Most Respected Companies
1. General Electric
2. Microsoft
3. IBM
4. Sony
5. Coca-Cola
6. Toyota
7. Nokia
8. Wal-Mart
9. Intel
10. Citigroup
2. Survey Methodology
Firstly, chief executives were asked to nominate which three companies in the world they most respected, and why. They were then asked to select three companies that they most respected in their industry sector in the world, and to state why. Next, each chief executive was asked to identify which three business leaders they most respected and why. Each of these questions were asked in the previous surveys.
For the first time this year, however, CEOs were also asked to name companies that best delivered on specific value areas. Three questions were asked. Firstly, which three companies created the most value for their consumers? Secondly, which three companies created the most value for their shareholders? And thirdly, which three companies best managed and effected environmental resources? In each case respondents were asked to give reasons for their nominations.
For each of these three ``value'' questions, a relevant stakeholder group was also surveyed to provide a contrast to CEO opinion. The question on consumer value was asked to 6,000 members of the general public in a global omnibus survey; the question on shareholder value was asked to 100 fund managers world-wide; and 110 media commentators and non-governmental organisations (NGO) officers were asked the question on environmental resources. The fieldwork was undertaken between June and October 2001, principally by telephone interview but in some cases by written questionnaire or face-to-face interviews.
As in previous years the data was weighted, to both ensure consistency with prior year's results, and to reflect that, rightly or wrongly, there are different levels of global impact achieved by views expressed in different economies. This approach applies to the CEO, fund manager and media/NGO surveys, but in the case of the general public survey we felt it was more appropriate to weight the data by population size rather than GDP.
To ensure no single country bias, a minimum qualification level of five nominations to each table was applied, apart from the World's Most Respected Companies by Industry Sector, where a minimum of three nominations were required. Importantly, the survey also analysed the open-ended reasons given behind nominations, providing a valuable insight into what factors are actually important in determining what drives respect for companies and business leaders. For the questions on company and business leader respect the answers were analysed in the same categories as last year, enabling comparisons to be made over time. In the case of each of the ``value'' questions, we have analysed the CEO and other stakeholder group findings into the same categories, enabling the reasoning of the two different groups to be compared.
In summary, the methodology allows for an in-depth and credible look at global CEO and other relevant stakeholder group opinion and for differences over time and/or between respondent groups to be measured.
3. About the Financial Times & FT.com
The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT newspaper is read by more than 1.6 million people worldwide and the FT's website, FT.com, reaches 2.4 million unique monthly users and has more than 43 million monthly page views. The Financial Times Group is part of Pearson plc, and is listed on both the London (LSE: PSON), and New York Stock Exchanges (NYSE: PSO - news).
4. About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwcglobal.com) is the world's largest professional services organisation. Drawing on the knowledge and skills of more than 150,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet enabled world. PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organisation.
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Contact:
Financial Times
United States:
Gregory Roth, 212/641-6611
United Kingdom:
Anoushka Healy, +44 (0) 20 7873 3720
or
PricewaterhouseCoopers
United States:
Elizabeth Hunter, 646/394-1031
United Kingdom:
Simon Reed, +44 020 7804 2836
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