Businessweek announce the best performing top 5 companies in the world – but the only competitors have to be S&P 500 companies.
1. Coach - Yeah, seriously they make handbags.
* They were awarded for being the best at adapting to the shifting economy. Basically people are poorer, so they released cheaper handbags.
2. Gilead Sciences – A biopharmaceutical company that discovers, develops, manufactures and commercializes therapies for viral diseases, infectious diseases and cancer.
* They are being rewarded for innovating in medications for HIV patients. They’ve made a treatment that allows just ONE pill a day, rather than 20 that many patients have to take.
3. Allegheny Technologies – One of the largest and most diversified specialty metals producers in the world with revenues of $5.5 billion during 2007.
4. Verizon Communications – We all know Verizon, phone, cell phone and high speed interenet.
5. Questar – Questar Corporation is a natural gas-focused energy company.
Too bad for our friends at Apple, they were in at #6 – I guess if they had partnered with Verizon rather than AT&T, maybe they could have made the top 5?
