81 Fannie Mae 29,065.0 -71,969.0

 

Incredible!!!!!!!!!!!!

It's pretty sad to see Ohio slowly sliding down the list.  We were #4 a few years ago.

Cincinnati destroys its peers in this category. It's only compared to Cincinnati that Cleveland looks to be lacking. It's an anomaly, and certainly hasn't prevented vast swaths of Cincinnati from being a total dump. Initiatives like 3CDC however are starting to make an impact.

 

What it does impact though is culture. I could swing a bat blindfolded in Cincinnati and hit 15 people who have a college degree and work for a big corporation. In Orlando I'd need to hire a private investigator to find that many.

 

 

 

Well, Cincinnati is extremely ghettoized. You could swing a bat blindfolded at 15 people with college degrees in one neighborhood but swing a bat at 15 people who are effectively illiterate half a mile down the road.

 

 

Is it better to have one Fortune 500 company with $10 billion in revenue or is better to have 20 smaller companies with $500 million in revenue each? Cleveland has been burned so many times by the former (BP, TRW, OfficeMax, etc.), I have to think the diversity we rest our laurels on now is better.... at least for us. Doesn't Cleveland have one of the higher corporate HQ's numbers in the Country (albeit mostly smaller companies)?

 

I'd guess it's better to have the Fortune 500 companies rather than smaller companies. They (generally) take better care of their employees - provide better benefits, opportunities for advancement and education, etc. The bigger they are, the more they seem to lure in talent by providing some innovative perks.

 

Look at Google. You can rent cars through the company, do your laundry at work, see a free doctor on-site, eat free gourmet food, play in the rec rooms... They probably even have spas. The list goes on forever.

Cleveland had a number of things going against it other than market forces.  Cleveland's political class did not make sufficient efforts to retain those companies for fear of a populist backlash by the Dennis Kucinich types, as well as necessary efforts to repace them a la Atlanta.  Cleveland's investor class still saw the ability to make money by investing in legacy industries rather than newer, "riskier" industries like semiconductor fabrication (Harris Intertype), specialty chemicals (Diamond/Shamrock) and other high tech.  Cities like Minneapolis had no legacy industries to invest in so it invested in new things like medical devices, computers, etc.  Finally, nobody saw NAFTA coming and this hit companies like TRW from behind leaving only the nonautomotive parts of the company viable which had no historical or investment links to Cleveland.

 

I continue to believe that a general anti-business pro-labor political attitude combined with a reactive investment philosophy doomed Cleveland.  Sadly, those things are only attitudes which are the easiest of structural things to change.  All the other raw materials (capital, intellectual property, technological capacity) were in place for success. 

I'd guess it's better to have the Fortune 500 companies rather than smaller companies. They (generally) take better care of their employees - provide better benefits, opportunities for advancement and education, etc. The bigger they are, the more they seem to lure in talent by providing some innovative perks.

 

Look at Google. You can rent cars through the company, do your laundry at work, see a free doctor on-site, eat free gourmet food, play in the rec rooms... They probably even have spas. The list goes on forever.

 

I've worked for 3 large corporations, a large government organization, and two companies with less than 25 employees.  The two small companies I worked for by far gave me the best benefits and the most perks.  I'm not so sure your generalization is necessarily true.  Google is more the exception than the rule as far as large corporations go.

I'd guess it's better to have the Fortune 500 companies rather than smaller companies. They (generally) take better care of their employees - provide better benefits, opportunities for advancement and education, etc. The bigger they are, the more they seem to lure in talent by providing some innovative perks.

 

Look at Google. You can rent cars through the company, do your laundry at work, see a free doctor on-site, eat free gourmet food, play in the rec rooms... They probably even have spas. The list goes on forever.

 

I've worked for 3 large corporations, a large government organization, and two companies with less than 25 employees. The two small companies I worked for by far gave me the best benefits and the most perks. I'm not so sure your generalization is necessarily true. Google is more the exception than the rule as far as large corporations go.

 

I can't for the life of me remember where I saw it, but somewhere a few months back I read a few interesting blogs that essentially argued along similar lines.  They basically said that Cleveland needed to cultivate smaller businesses and stop trying to hit a home run with landing bigger businesses.  It made a lot of sense.

We already have a very high percentage of Corporate HQ's... albeit not a lot of Fortune 500's anymore.

And just for ____'s and giggles...

 

The Global Fortune 500 List for North America

 

New York City-Newark – 28

Chicago – 10

San Francisco-Oakland-San Jose – 10

Toronto – 8

Minneapolis-St. Paul – 7

Houston – 6

Atlanta – 5

Baltimore-Washington DC – 5

Boston-Providence – 5

Dallas-Fort Worth – 5

Los Angeles – 5

Philadelphia-Wilmington – 5

Calgary – 4

Detroit – 4

Charlotte – 3

Cincinnati – 3

Mexico City – 3

Milwaukee – 3

Seattle – 3

Columbus – 2

Hartford – 2

Indianapolis – 2

Memphis – 2

Montreal – 2

Saint Louis – 2

San Antonio – 2

Austin – 1

Cleveland-Akron – 1

Kansas City – 1

Louisville – 1

Monterrey – 1

Nashville – 1

Pittsburgh – 1

Portland – 1

Tampa-St. Petersburg – 1

 

http://money.cnn.com/magazines/fortune/global500/2009/countries/US.html

By that logic, Moline, IL = Cleveland/Akron.  Oy vey! ;)

I'm surprised by: Pittsburgh, Calgary, Seattle, Memphis, and St. Louis for either not having more or too many.

Hey, Monterrey is at least a city! :D

The biggest (obvious) surprise on that list is Minneapolis annihilating anybody on a per-capita basis.  Calgary isn't a surprise as it's Canada's third biggest economy (larger than Vancouver, economically, not population).  Memphis has historically been Tennessee's largest economy (not as of lately but in the past) so it's no surprise that it's on the list with two companies.  Logically, Los Angeles should have more than Chicago or San Francisco but it never was a large corporate city to begin with.

Ouch!  A major shakeup within looks eminent now, not to mention the HQ relocation talk.  To be continued...

 

Jager leaves Chiquita's board

The Enquirer • November 26, 2010

 

"The company faces declining revenues, deteriorating profits, and a severe drop in its stock price," Jager told the company's other independent directors in the e-mail, which Chiquita shared with the SEC. "I have lost the confidence that we have the strategies and plans that can reverse this situation. Chiquita also lacks the capabilities to address basic operational requirements for a sound business."

 

http://news.cincinnati.com/article/20101126/BIZ01/11270323/Jager-leaves-Chiquita-s-board-

 

edit - This is F1000 My apologies!

Went down hill once they paid off terrorists.

Ohio did DAMN well considering the economy.  We have the 5th largest amount of Fortune 500 companies of any state, behind New York, California, Texas, and Illinois.  Our metropolitan areas did quite well in the rankings:

 

Cincinnati MSA

1 Kroger 25 Cincinnati 82,189.4

2 Procter & Gamble 26 Cincinnati 79,689.0

3 Macy's 107 Cincinnati 25,003.0

4 Ashland 272 Covington 9,012.0

5 Fifth Third Bancorp 326 Cincinnati 7,218.0

6 Omnicare 371 Covington 6,199.5

7 AK Steel Holding 383 West Chester 5,968.3

8 Western & Southern Financial Group 456 Cincinnati 4,921.1

9 General Cable 465 Highland Heights 4,864.9

10 American Financial Group 489 Cincinnati 4,497.0

 

Cleveland MSA

1 Progressive 164 Mayfield Village 14,963.3

2 Eaton 178 Cleveland 13,715.0

3 Parker Hannifin 248 Cleveland 9,993.2

4 Sherwin-Williams 308 Cleveland 7,776.4

5 TravelCenters of America 385 Westlake 5,962.5

6 KeyCorp 417 Cleveland 5,458.0

7 Lubrizol 423 Wickliffe 5,417.8

8 Cliffs Natural Resources 477 Cleveland 4,682.2

 

Columbus MSA

1 Cardinal Health 19 Dublin 98,601.9

2 Nationwide 127 Columbus 20,265.0

3 American Electric Power 169 Columbus 14,427.0

4 Limited Brands 258 Columbus 9,613.3

5 Momentive Specialty Chemicals 433 Columbus 5,174.0

6 Big Lots 453 Columbus 4,952.2

 

Toledo MSA

1 Owens-Illinois 345 Perrysburg 6,762.0

2 Dana Holding 376 Maumee 6,109.0

3 Owens Corning 448 Toledo 4,997.0

 

Akron MSA

1 Goodyear Tire & Rubber 139 Akron 18,832.0

2 FirstEnergy 183 Akron 13,339.0

 

Orrville uhhh...Micropolitan area...yeah...

26 J.M. Smucker 482 Orrville 4,605.3

And the state ranking list:

 

1 Cardinal Health 19 Dublin 98,601.9

2 Kroger 25 Cincinnati 82,189.4

3 Procter & Gamble 26 Cincinnati 79,689.0

4 Macy's 107 Cincinnati 25,003.0

5 Nationwide 127 Columbus 20,265.0

6 Goodyear Tire & Rubber 139 Akron 18,832.0

7 Progressive 164 Mayfield Village 14,963.3

8 American Electric Power 169 Columbus 14,427.0

9 Eaton 178 Cleveland 13,715.0

10 FirstEnergy 183 Akron 13,339.0

11 Parker Hannifin 248 Cleveland 9,993.2

12 Limited Brands 258 Columbus 9,613.3

13 Sherwin-Williams 308 Cleveland 7,776.4

14 Fifth Third Bancorp 326 Cincinnati 7,218.0

15 Owens-Illinois 345 Perrysburg 6,762.0

16 Dana Holding 376 Maumee 6,109.0

17 AK Steel Holding 383 West Chester 5,968.3

18 TravelCenters of America 385 Westlake 5,962.5

19 KeyCorp 417 Cleveland 5,458.0

20 Lubrizol 423 Wickliffe 5,417.8

21 Momentive Specialty Chemicals 433 Columbus 5,174.0

22 Owens Corning 448 Toledo 4,997.0

23 Big Lots 453 Columbus 4,952.2

24 Western & Southern Financial Group 456 Cincinnati 4,921.1

25 Cliffs Natural Resources 477 Cleveland 4,682.2

26 J.M. Smucker 482 Orrville 4,605.3

27 American Financial Group 489 Cincinnati 4,497.0

 

http://money.cnn.com/magazines/fortune/fortune500/2011/states/OH.html

Lubrizol should shoot up that list if the deal with Buffett goes through, I would think.

 

What is the feeling on Macy's maintaining its revenue in the coming years.  I don't think the future is bright for department stores.

Lubrizol would fall of that list, because it would become part of Berkshire-Hathaway.

CleveClinic,  if it was for "profit" would have slotted somewhere between Keycorp and TravelCenters with Revenues of $5,885 M. I am sure the other large regional "not for proft" healthcare system would have impressive numbers too.

Lubrizol would fall of that list, because it would become part of Berkshire-Hathaway.

 

Hmmmmm..... I was wondering about that.  But then I saw that Burlington Northern Santa Fe was still on the 2010 list even though BH bought it in 2009.  But checking the 2011 list, it is gone, so I suppose you are right.  It's odd because BH is a holdings company and Lubrizol will maintain its name, its structure, and stay in Wickliffe as far as I know.

Lubrizol had a 14%! profit margin last year, no wonder Buffet was all over them. Berkshire_Hathaway is the only Top 10 Company to have a double digit profit margin besides Chevron.

Lubrizol would fall of that list, because it would become part of Berkshire-Hathaway.

 

Hmmmmm..... I was wondering about that.  But then I saw that Burlington Northern Santa Fe was still on the 2010 list even though BH bought it in 2009.  But checking the 2011 list, it is gone, so I suppose you are right.  It's odd because BH is a holdings company and Lubrizol will maintain its name, its structure, and stay in Wickliffe as far as I know.

 

That would be too bad.  I remember when Cleveland had 14.

But it doesn't really change any economic impact Lubrizol has on our economy, does it?  This is not like TRW packing up and leaving.

That is why I don't care too much about these lists.  We have the Cleveland Clinic, but that doesn't show up on the list.  We will have Lubrizol, but that won't show up on the list.  Blah blah blah who cares...

The Fortune 1000 shows many more of our state's big company's. It's pretty impressive!!

But it doesn't really change any economic impact Lubrizol has on our economy, does it?  This is not like TRW packing up and leaving.

 

I would hope not.  Although it does usually have some sort of impact on local giving/wealth.  Many of the amenities and institutions that Cleveland has is a product of this. 

As always with this annual list, Ohio is still in 5th place behind California, Texas, New York, and Illinois but it's still impressive in this economy.

 

Top Ten States

1. California - 53

2. Texas - 52

3. New York - 50

4. Illinois - 32

5. Ohio - 28

6. Virginia - 24

7. Pennsylvania - 23

8. New Jersey - 21

9. Michigan - 20

10. Minnesota - 19

 

Other neighboring states: Indiana (6), Kentucky (6), West Virginia (0)

 

But alrighty, back to the list for Ohio:

 

Cincinnati

1. Kroger 23 Cincinnati 90,374.0

2. Procter & Gamble 27 Cincinnati 82,559.0

3. Macy's 110 Cincinnati 26,405.0

4. Ashland 307 Covington 8,370.0

5. Fifth Third Bancorp 372 Cincinnati 6,673.0

6. AK Steel Holding 381 West Chester 6,468.0

7. Omnicare 389 Covington 6,239.9

8. General Cable 421 Highland Heights 5,866.7

9. Western & Southern Financial Group 482 Cincinnati 4,986.4 

 

Cleveland

1. Eaton 163 Cleveland 16,049.0

2. Progressive 169 Mayfield Village 15,508.1

3. Parker Hannifin 216 Cleveland 12,345.9

4. Sherwin-Williams 293 Cleveland 8,765.7

5. TravelCenters of America 329 Westlake 7,888.9

6. Cliffs Natural Resources 366 Cleveland 6,794.3

7. Aleris 494 Cleveland 4,826.4

8. KeyCorp 499 Cleveland 4,780.0

 

Columbus

1. Cardinal Health 21 Dublin 102,644.2

2. Nationwide 100 Columbus 30,697.8

3. American Electric Power 176 Columbus 15,116.0

4. Limited Brands 256 Columbus 10,364.0

5. Momentive Specialty Chemicals 452 Columbus 5,352.0

6. Big Lots 467 Columbus 5,202.3

 

Akron-Canton

1. Goodyear Tire & Rubber 126 Akron 22,767.0

2. FirstEnergy 160 Akron 16,258.0

3. Timken 470 Canton 5,170.2

 

Toledo

1. Dana Holding 336 Maumee 7,592.0

2. Owens-Illinois 345 Perrysburg 7,358.0

3. Owens Corning 454 Toledo 5,335.0

 

Other

1. Marathon Petroleum 31 Findlay 73,645.0

2. J.M. Smucker 495 Orrville 4,825.7

 

http://money.cnn.com/magazines/fortune/fortune500/2012/states/OH.html

Omnicare is/has moving/moved to Cincinnati/Cincy

Do companies such as Omnicare and Ashland count towards both Ohio and Kentucky....... or is their "state" determined by their MSA?

It's always been amazing to me how the Great Lakes have so many states at the top of the economic ladder, despite all the negative press about the "decline".  Consider Texas and California, which really don't have all that many more given that they are 2 of the largest 3 states in the country in terms of size and contain some of the largest cities. 

Do companies such as Omnicare and Ashland count towards both Ohio and Kentucky....... or is their "state" determined by their MSA?

 

Professional answer:  Fortune only uses city headquarters as reported in company SEC filings. Fortune does not rank regions, SMSA (Standard Metropolitan Statistical Areas)/MSA (Metropolitan Statistical Area).

Go Ohio!! I don't think Ohio does a good enough job promoting just how big the economy here is. I think the nation as a whole still looks at Ohio's economy as a relic of the 70s. Key bank JUST made the list.

 

 

I'll be interested to see where Cintas and Cincinnati Financial place in the Fortune 1000. 

Has anyone been able to find a link to the full Fortune 1000?

It's proprietary and they want you to subscribe to Fortune Magazine in order to access it.

 

https://www.fortune500-app.com/

Per the Business Courier, AFG came in at 505. No word on the other two.

Odd stat to note, though probably coincidental: we have a cluster of four companies between #21 and #31 (Cardinal Health, Kroger, P&G, Marathon), and no others in the top 100 (larger or smaller) until you get all the way down to #100 (Nationwide).

ADG?

Go Ohio!! I don't think Ohio does a good enough job promoting just how big the economy here is. I think the nation as a whole still looks at Ohio's economy as a relic of the 70s. Key bank JUST made the list.

 

Unfortunately, almost all of ours are in legacy industries--long-established players.  California's big advantage is its dynamism ... a lot of its big players didn't even exist 30 years ago, or were shadows of what they are today.  We haven't had anyone come out of nowhere to vault into the list and climb towards the upper echelons of it.  Some have grown by acquisition (e.g., FirstEnergy), but that's not quite the same as real growth.

Yea, Seems like we would have needed to have a large Tech Base develop over the past 30 years to have had a company with real growth break into the F5

24 Ohio companies make Fortune 500 list

 

The annual Fortune 500 list has been unveiled and Ohio companies again made a strong showing. Twenty-four Ohio-based businesses appear on the list, which ranks companies by revenue.

 

Kroger Co. was the top-ranked company in Ohio (and No. 17 overall) with revenue of $110 billion. Cincinnati-based Kroger (NYSE: KR) is the fourth-largest employer in the Dayton region with 5,600 employees at its Dayton-area stores, according to Dayton Business Journal research. The grocery chain has more than 30 locations in the Greater Dayton and west Ohio area.

 

More below:

http://www.bizjournals.com/dayton/blog/morning_call/2016/06/24-ohio-companies-make-fortune-500-list.html

 

-----------------------------------------------------------------------------------------------------------------

 

Here are the Ohio companies to make 2016 Fortune 500 list:

 

    Kroger (No. 17)

    Cardinal Health (No. 21)

    Procter & Gamble (No. 34)

    Marathon Petroleum (No. 42)

    Nationwide (No. 69)

    Macy’s (No. 103)

    Progressive (No. 137)

    American Electric Power (No. 165)

    Goodyear Tire & Rubber (No. 169)

    FirstEnergy (No. 188)

    Parker-Hannafin (No. 224)

    L Brands (No. 234)

    Sherwin-Williams (No. 253)

    Fifth Third Bancorp (No. 376)

    AK Steel Holding (No. 383)

    Owens-Illinois (No. 418)

    American Financial Group (No. 421)

    Dana Holding (No. 428)

    TravelCenters of America (No. 439)

    J.M. Smucker (No. 467)

    Western & Southern Financial Group (No. 479)

    Owens Corning (No. 480)

    Big Lots (No. 495)

    Cincinnati Financial (No. 499)

 

 

Ohio MSA Rankings for 2016

 

Cincinnati - 9

Columbus - 5

Cleveland - 4

Toledo - 3

Akron - 2

Findlay - 1

Wooster - 1

 

 

State Rankings for 2016

 

New York - 55

California - 51

Texas - 51

Illinois - 36

Ohio - 24

Virginia - 21

Pennsylvania - 20

Connecticut - 19

New Jersey - 19

Georgia - 18

Michigan - 18

Florida - 17

Minnesota - 17

Massachusetts - 12

North Carolina - 12

Tennessee - 11

Colorado - 10

Missouri - 10

Washington - 10

Wisconsin - 10

Indiana - 7

Arkansas - 6

Nebraska - 5

Oklahoma - 5

Arizona - 4

Kentucky - 4

Maryland - 4

Rhode Island - 4

Iowa - 3

Kansas - 3

Oregon - 3

Delaware - 2

District of Columbia - 2

Louisiana - 2

Nevada - 2

Alabama - 1

Idaho - 1

South Carolina - 1

^I think Key Bank will add to Cleveland's total starting next year after the acquisition of First Niagara becomes official.  Good news for Ohio unless it bumps Cincinnati Financial off the list!

Ugh. I was still expecting to see Eaton Corp. listed as Cleveland's largest company.  But then remembered the move of the "headquarters" to Ireland to save on taxes.     

The Fortune 1000 list is good reading also. 31 Ohio companies fall in the 501-1000 tier; that's where the up-and-comers are.

Very sad to see Cleveland sink so far down the list. It used to be in the top five cities for Fortune 500 HQs. I seem to remember it was third behind New York and Chicago as recently as the 1970s.

I prefer a more diversified local economy

^^^ Re the 501-1000 list, which companies?

501-1000 (sales in millions):

538  RPM International  $4,595

540  KeyCorp  $4,542

545  Cintas  $4,508

574  Andersons  $4,199

580  Hexion  $4,140

609  Welltower  $3,860

628  Greif  $3,617

644  Abercrombie & Fitch  $3,519

667  Worthington Industries  $3,384

668  PolyOne  $3,378

687  Aleris  $3,206

694  Vantiv  $3,160

698  Huntington Bancshares  $3,153

724  Scotts Miracle-Gro  $3,017

739  Cooper Tire & Rubber  $2,973

744  Convergys  $2,951

757  Timken  $2,872

778  Diebold  $2,768

780  Applied Industrial Technologies  $2,752

788  TransDigm Group  $2,707

812  DSW  $2,620

823  Hyster-Yale Materials Handling  $2,578

832  Lincoln Electric Holdings  $2,536

834  Teradata  $2,530

852  Medical Mutual of Ohio  $2,462

860  Cliffs Natural Resources  $2,418

864  Mettler-Toledo International  $2,395

865  A. Schulman  $2,392

876  Express  $2,350

968  American Greetings  $2,011

999  Wendy's  $1,896

 

I prefer a more diversified local economy

 

Sarcasm, I hope?

Not at all.  I do care about the size of the economy.  But if you were to give me the choice of two huge companies employing 100,000 employees total or 100 mid-size companies employing 1,000 employees each, I would choose the latter.  A diversified economy is much more resilient.