Deloitte Fortune 500
According to trusty old wikipedia the Fortune 500 is
“an annual list compiled and published by Fortune magazine that ranks 500 of the largest U.S. corporations by total revenue for their respective fiscal years. ”
— Wikipedia https://en.wikipedia.org/wiki/Fortune_500
It also says that the list is composed of public and privately held companies. Unfortunately Deloitte is not ranked in the Fortune 500. Too sad. Don’t worry though!!! They should be ranked in the Fortune 500. Deloitte is a large private company in the United States, so they should be on the list.
Maybe they don’t have enough revenue to be on the list? Well, no that can’t be true because they have more than enough revenue to be on the list. Why do I say that? Well let’s analyze it further.
First on the list is Walmart with well over $400 billion in revenues for their last fiscal year.
Let’s take a look at Deloitte’s latest fiscal year revenues to understand where they might land.
As of their last global financial report, Deloitte earned 2019 revenues of $46.2 billion internationally.
Let’s trace back to the Fortune 500 list to see where that amount of revenue might land.
If you take a look at the Fortune 500 rankings, it appears that Deloitte would land between an airline compnay and a healthcare company. Deloitte would be between American Airlines and HCA healthcare. American Airlines had $44.5 billion in revenue for their latest fiscal year. HCA healthcare earned about $46.7 billion in revenue, so we could say that Deloitte would be above American Airlines.
Since Deloitte would replace American Airlines in this ranking that means that Deloitte would earn a ranking of 68 on the Fortune 500. This would move them up about 13 spots from a few years ago. If they were on the list in previous years, they would have been 81.
That is not too shabby because it puts them in the Top 100 of companies of the Fortune 500. That is the top 20% of all earnings of major corporations which is not too bad.
EY will not have bonuses in 2020 Due to the coronavirus, EY has announced that they aren’t providing performance based bonuses but they are doing this to prevent people being laid off. It’s unclear