The Charles Schwab Corporation announced that it has been selected as
one of Fortune's top 50 World's Most Admired Companies for
2016, and was ranked #1 for innovation and social responsibility in the
Securities and Asset Management category of the list where it ranked #2
overall.
“We are honored to have been chosen as one of the 50 Most Admired
Companies in the world and a leading firm in our industry again this
year,” commented Schwab President and CEO Walt Bettinger. “Earning our
clients’ trust and confidence is the underpinning of our business
strategy, and the “most admired” recognition validates our
commitment to this effort.”
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of challenging
the status quo in our industry, innovating in ways that benefit
investors and the advisors and employers who serve them, and championing
our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com.
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Methodology
THE MOST ADMIRED LIST is the definitive report card on corporate
reputations. Korn Ferry Hay Group started with approximately 1,500
companies: the Fortune 1,000— the 1,000 largest U.S. companies ranked by
revenue—and non-U.S. Companies in Fortune’s Global 500 database with
revenues of $10 billion or more. Korn Ferry Hay Group then selected the
15 largest for each international industry and the 10 largest for each
U.S. industry, surveying a total of 652 companies from 30 countries. To
create the 54 industry lists, Korn Ferry Hay Group asked executives,
directors, and analysts to rate companies in their own industry on nine
criteria, from investment value to social responsibility. A company’s
score must rank in the top half of its industry survey to be listed.
Because of the distribution of responses, only the aggregate industry
scores and ranks are published in Construction and Farm Machinery;
Mining, Crude-Oil Production; and Petroleum Refining. Because of an
insufficient response rate, the results for companies in the Energy:
U.S. and Pipelines industries are not reported.
To arrive at the top 50 Most Admired Companies overall (our
“All-Stars”), Korn Ferry Hay Group asked 4,000 executives, directors,
and securities analysts who had responded to the industry surveys to
select the 10 companies they admired most. They chose from a list made
up of the companies that ranked in the top 25% in last year’s surveys,
plus those that finished in the top 20% of their industry. Anyone could
vote for any company in any industry. The difference in the voting rolls
is why some results can seem anomalous. For example, St. Jude Medical
ranks No. 40 on the overall Most Admired list, returning after a
two-year hiatus. But within the medical products and equipment subgroup,
St. Jude Medical, based on its peers’ responses, missed the “Industry
Standouts” cut by ranking in the bottom half of the group.
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