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F500 is ranked by sales, a fairly useless metric, as easy to sell lots of junk for a loss or minimal profits
Need to rank by stock market value or operating profits or free cash flow
Lots of retailers have lots of sales but minimal profits or stock mkt value
The suburban PaloAlto area has more $100Bn+ mkt value cos. HQd than any region in world, followed by vast (but per capita underachieving) NYC/CT/NJ/NY region
And many "big" yet puny regions like LA or Chicago lack any >$100Bn mkt value cos., despite millions of poors, tall skylines and global name recognition...kinda like "global" cities in EU or Asia, filled w/millions of poors, tall towers or prominent tourist traps, and trains to nowhere
Makes NO sense at all to combine Orlando and Tampa, at least SF and San Jose are in the same MSA.
The reason they combine them is because just as San Jose and San Fran are part of Silicon Valley, Tampa and Orlando are part of Florida's High Tech Corridor.
minneapolis and chicago are part of the 94 corridor maybe they should put them together
Not that it would matter to me if they did but just for reference the distance between Minneapolis and Chicago is about 408 miles and between Tampa and Orlando is about 85. Beside the fact that they are in the same state.
Location: Cleveland bound with MPLS in the rear-view
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Quote:
Originally Posted by hsw
F500 is ranked by sales, a fairly useless metric, as easy to sell lots of junk for a loss or minimal profits
Need to rank by stock market value or operating profits or free cash flow
Lots of retailers have lots of sales but minimal profits or stock mkt value
The suburban PaloAlto area has more $100Bn+ mkt value cos. HQd than any region in world, followed by vast (but per capita underachieving) NYC/CT/NJ/NY region
And many "big" yet puny regions like LA or Chicago lack any >$100Bn mkt value cos., despite millions of poors, tall skylines and global name recognition...kinda like "global" cities in EU or Asia, filled w/millions of poors, tall towers or prominent tourist traps, and trains to nowhere
Well to counterpoint, you then would say that a company like Goldman Sachs should be considered "huge", since they have an enormous market cap since they sell intangible services as opposed to manufacturing assets? Meanwhile, what good are they providing the economy? None, IMO. How about a grocer like Kroger, that earns like 1%-2% on every dollar -- should they be "small"?
The Global 500 is a new extension to the Fortune 500 measuering the largest 500 corporations in the world. Here are all the cities with more than 3 of these headquartered there with American ones bolded.
Tokyo51
Paris37
Beijing30 New York28 London23
Zurich11 San Francisco-San Jose10 Chicago10
Osaka10
Seoul9
Wow Tokyo, Beijing had more than I thought, and London less. The rest didn't surprise me, except maybe Sao Paulo.
If you compared this to one of those "most important cities" lists like GaWC, does anyone think they'd match up well? I think some would, especially near the top, but the lower you went, the worse it'd get.
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