FedEx Earns No. 14 Spot on the FORTUNE World’s Most Admired Companies List
January 21 2020 - 12:36PM
Business Wire
Only company in the Delivery category ranked in
the Top 20
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. 14 ranked company overall, tied
with American Express and Netflix. The survey measures nine
attributes related to the company’s financial performance and
corporate reputation.
“It is a privilege for FedEx to have been recognized as one of
Fortune’s Most Admired Companies for each of the last 20 years,”
said Rajesh Subramaniam, president and chief operating officer,
FedEx Corporation. “This honor is a direct result of our more than
490,000 team members around the globe living the Purple Promise
every day to make every FedEx experience outstanding.”
This is the 20th consecutive year that FedEx has ranked among
the top 20 in the FORTUNE Most Admired Companies List.
Survey Methodology
Fortune collaborated with Korn Ferry on this survey of corporate
reputations. They began with a universe of about 1,500 candidates:
the 1,000 largest U.S. companies ranked by revenue, along with
non-U.S. companies in Fortune’s Global 500 database that have
revenues of $10 billion or more. They then winnowed the assortment
to the highest-revenue companies in each industry, a total of 680
in 30 countries. The top-rated companies were picked from that pool
of 680; the executives who voted work at the companies in that
group.
To determine the best-regarded companies in 52 industries, Korn
Ferry asked executives, directors, and analysts to rate enterprises
in their own industry on nine criteria, from investment value and
quality of management and products to social responsibility and
ability to attract talent. A company’s score must rank in the top
half of its industry survey to be listed. Because of the weak
distribution of responses, only the aggregate industry scores and
ranks are published in Construction and Farm Machinery, Food and
Drugstores, General Merchandisers, Metals, Mining, Crude-Oil
Production, Network and Other Communications Equipment, and
Wholesalers: Health Care. Results were not published in the
following categories due to insufficient response rates: Cable and
Satellite Providers, Petroleum Refining, Pipelines and U.S.
Energy.
To select the 50 All-Stars, Korn Ferry asked 3,770 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 explains why some
results can seem at odds with each other. For example, UnitedHealth
Group fell off the All-Star list this year but ranked number one
within the insurance and managed care category when votes from only
those in that industry were counted.
Korn Ferry, 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's services, go to
https://www.kornferry.com/.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $69 billion, the company
offers integrated business solutions through operating companies
competing collectively and managed collaboratively, under the
respected FedEx brand. Consistently ranked among the world’s most
admired and trusted employers, FedEx inspires its more than 490,000
team members to remain focused on safety, the highest ethical and
professional standards and the needs of their customers and
communities. To learn more about how FedEx connects people and
possibilities around the world, please visit about.fedex.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200121005902/en/
Jennifer Caccavo, FedEx Jennifer.Caccavo@fedex.com
901-434-8100
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