FedEx Among FORTUNE Magazine’s “World’s Most Admired Companies”
FORTUNE announced today that FedEx has ranked number seven on its list of the “World’s Most Admired Companies”. This is based on input from executives, directors and financial analysts worldwide. And, for the first time FORTUNE has combined the America’s Most Admired and World’s Most Admired lists into a single list of companies. This recognizes the truly global nature of business.
I would like to give all the credit for this great honor to the 290,000 FedEx team members around the world whose performance every day is nothing short of amazing. Thank you for your commitment to making every FedEx experience outstanding.
I believe this award has particular significance for us this year. Why? Because in a time when the global economy is so bleak, we are being recognized for doing the right things despite the downturn. In a time when the reputations of many companies have taken a dive, we remain a respected corporation.
It’s been said that great reputations equal greater returns. According to a Penn State study, over a 15-year period, FORTUNE’s Most Admired companies increased their returns on average by 22 percent, as compared to 16 percent from the Standard & Poor 500, and by negative 1.7 percent from companies with the lowest-ranking reputations. So this accolade is the ultimate report card on reputation and one that can make a difference to the bottom line. Essentially, it shows that people trust us in a time when people tend not to trust.
As proud as we are to receive this honor, we recognize that with it comes responsibility—to continue earning the trust of our customers, team members and shareowners in the years to come. Once again, bravo to every team member in every FedEx location around the globe.