It takes a true, natural ineptitude to be part of the group below. Shockingly, much of the upper management in these companies remains intact.
Global 500: 20 Money Losers
Fannie Mae, Global 500 rank: 405, 2008 loss ($ millions): 58,707*
Royal Bank of Scottland, Global 500 rank: 38, 2008 loss ($ millions): $43,166.9
General Motors, Global 500 rank: 18, 2008 loss ($ millions): $30,860*
Citigroup, Global 500 rank: 39, 2008 loss ($ millions): $27,684
UBS, Global 500 rank: 119, 2008 loss ($ millions): 19,301*
Conoco Phillips, Global 500 rank: 7, 2008 loss ($ millions): $16,998
Ford Motor, Global 500 rank: 19, 2008 loss ($ millions): $14,672*
HBOS, Global 500 rank: 107, 2008 loss ($ millions): 13,751
Time Warner, Global 500 rank: 159, 2008 loss ($ millions): 13,402
Pemex, Global 500 rank: 31, 2008 loss ($ millions): $10,055.6*
Delta Air Lines, Global 500 rank: 403, 2008 loss ($ millions): 8,922
Hypo Real Estate Holdings, Global 500 rank: 403, 2008 loss ($ millions): 8,922
Hitachi, Global 500 rank: 52, 2008 loss ($ millions): $7,837*
Alcatel-Lucent, Global 500 rank: 360, 2008 loss ($ millions): 7,633*
Credit Suisse, Global 500 rank: 164, 2008 loss ($ millions): 7,594
BayernLB, Global 500 rank: 315, 2008 loss ($ millions): 7,441
LyondellBasel Industries, Global 500 rank: 147, 2008 loss ($ millions): 7,321
Flextronics, Global 500 rank: 275, 2008 loss ($ millions): 6,086*
Mizuho, Global 500 rank: 228, 2008 loss ($ millions): 5,861
Deutsche Bank, Global 500 rank: 70, 2008 loss ($ millions): $5,613.2
Read More Here: http://money.cnn.com/galleries/2009/fortune/0907/gallery.G500_money_losers_fortune.fortune/index.html
Wednesday, July 8, 2009
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