FedEx Earns No. 8 Spot on the FORTUNE World’s Most Admired Companies List
OREANDA-NEWS. February 23, 2016. FedEx Corp. (NYSE: FDX) is once again ranked among the most admired companies in the world, according to a survey published in FORTUNE magazine.
The annual “World’s Most Admired Companies” report released today lists FedEx as the No. 8 ranked company overall, and No. 1 in the delivery industry. The survey measures nine attributes related to financial performance and corporate reputation.
“It’s a great honor for FedEx to be recognized in the top ten and again as the most admired company in our industry,” said Frederick W. Smith, chairman and CEO, FedEx Corp. “This is a direct reflection of the hard work and commitment of our more than 340,000 team members around the world who continue to deliver outstanding experiences for our customers.”
This is the 16th consecutive year that FedEx has ranked among the top 20 in the FORTUNE Most Admired Companies List, with 13 of those years ranking among the top 10.
The Most Admired list is the definitive report card on corporate reputations. Our survey partners at Korn Ferry Hay Group started with approximately 1,500 companies: the Fortune 1,000—the 1,000 largest U.S. companies ranked by revenue—and non-U.S. companies in Fortune’s Global 500 database with revenues of \\$10 billion or more. Korn Ferry Hay Group then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 652 companies from 30 countries. To create the 54 industry lists, Korn Ferry Hay Group asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to social responsibility. A company’s score must rank in the top half of its industry survey to be listed.
Because of the distribution of responses, only the aggregate industry scores and ranks are published in Construction and Farm Machinery; Mining, Crude-Oil Production; and Petroleum Refining. Because of an insufficient response rate, the results for companies in the Energy: U.S. and Pipelines industries are not reported.
To arrive at the top 50 Most Admired Companies overall (our “All-Stars”), Korn Ferry Hay Group asked 4,000 executives, directors, and securities analysts who had responded to the industry surveys to select the 10 companies they admired most. They chose from a list made up of the companies that ranked in the top 25% in last year’s surveys, plus those that finished in the top 20% of their industry. Anyone could vote for any company in any industry. The difference in the voting rolls is why some results can seem anomalous. For example, St. Jude Medical ranks No. 40 on the overall Most Admired list, returning after a two-year hiatus. But within the medical products and equipment subgroup, St. Jude Medical, based on its peers’ responses, missed the “Industry Standouts” cut by ranking in the bottom half of the group.
Korn Ferry Hay Group, which has conducted the research for the World’s Most Admired Companies list since 1997, is a global management consulting firm. For information about Korn Ferry Hay Group’s services, go to haygroup.com.