America- it’s known as the land of opportunity. America is a country where nearly anyone with a little hard work and strong work ethics like Coca-Cola executive Herb Allen can open a small business or rise through the ranks of a large corporation and climb the ladder to become CEO. Many of the large corporations in the US today are run by CEOs and Presidents who have been with the company for several years, climbing the corporate ladder to the top.
According to Fortune Magazine, the current top ranking companies are Wal-Mart, Exxon Mobile, Chevron, Phillips 66, and Berkshire Hathaway.
Walmart currently operates more than 11,000 retail units under 69 banners and in 27 countries. The current CEO of Walmart at just 48 years old is Doug McMillon. McMillon began his Walmart career as a summer associate in 1984 in the distribution center. While getting his MBA he continued his career at Walmart rising up to President and CEO of Walmart International in 2009.
The second highest ranking company, Exxon Mobile is an American multi-national oil and gas corporation formed in 1999 by a merger between Exxon and Mobile. Rex Tillerson is the current Chairman and CEO of Exxon Mobile Corporation. Tillerson began his career in Exxon Mobile in 1975 as an engineer and has held various positions until 2008 when he was established as the Chairman and CEO.
The third highest ranking American corporation is Chevron, an American multi-national energy corporation headquartered in California and is active in 180 countries. John Watson is the current CEO and Chairman of Chevron. Watson joined Chevron in 1980 working his way up to CEO and Chairman of the corporation in 2010.
Phillips 66 is the fourth highest ranking American corporation. Phillips 66 is a producer of natural gas liquids and petrochemicals. With nearly 13,500 employees and headquartered in Houston, Texas, Greg Garland is the Chairman and CEO. Joining Phillips 66 in 2000 as a Senior Vice President, Garland climbed the corporate ladder up to Chairman and CEO in 2012.
The fifth largest American corporation on the Fortune 500 list is Berkshire Hathaway. Berkshire Hathaway is an American multi-national conglomerate that oversees and manages a number of subsidiary companies. Berkshire Hathaway owns companies such as Dairy Queen, Fruit of the Loom, Geico, and portions of Heinz and Mars, Inc. Warren Buffet, one of the world’s richest and most influential people, is the Chairman, CEO, and largest shareholder of Berkshire Hathaway. Buffet began working for Berkshire Hathaway in 1970 before becoming the current. Chairman and CEO.
As these CEOs show, rising the ranks of the corporate ladder is possible, no matter what position one may start in. According to Fortune 500, there are several American corporations on the rise and poised to possibly become some of America’s biggest future corporations. Starting or investing with these companies could lead to rising the ranks of the corporate ladder for those invested. The companies are: HollyFrontier, Questcor Pharmaceuticals, OnAssignment, 3D Systems, CVR Energy, Virtus Investment Partners, IPG Photonics, HFF, and Green Mountain Coffee Roasters.