This year’s list of Fortune 500 companies displays a worrying trend. While the face of the list celebrates all that is good and great about big business and American industry, the figures present a more depressing picture of the state of large companies.
For economists and investors, the most concerning development in this year’s crop of corporate figures is the fact that profits dropped 11% on average for firms on the list.
The health of corporate profits has become a huge concern for investors over the past 12 months. Corporate profits have declined in three of the past four quarters and since the middle of last year, analysts have been warning that corporate America is heading into a profit recession.
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