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Multinational Corporation

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Murray H


Date added:

May 1, 2015








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6 / 1471


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22 multinationals made more than $6 billion profit in 2000, and Exxon Mobil made $17.7 billion profit, a 124% increase over the previous year. The value of mergers and acquisitions in 2000 was estimated at $3.2 trillion, the most notable being Pfizer with Warner-Lambert in a $116 billion deal, and Glaxo Wellcome's purchase of SmithKline Beecham for $76 billion (to create GlaxoSmithKline)...
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In 1992, it was estimated that the world's 500 largest companies controlled at least 70% of world trade, 80% of foreign investment, and 30% of global GDP. The 100 largest had assets of $3,400 billion, of which 40% were located outside their home countries. Unsuccessful efforts were made in 1992, through the UN, to negotiate a voluntary code of conduct for multinationals, but governments and corporations alike were hostile to the idea...
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