Wednesday, July 8, 2009

Global 500 Biggest Losers

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

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