{"id":1078,"date":"2026-07-20T07:37:07","date_gmt":"2026-07-20T07:37:07","guid":{"rendered":"https:\/\/urbaneconomynews.com\/?p=1078"},"modified":"2026-07-20T07:37:07","modified_gmt":"2026-07-20T07:37:07","slug":"americas-top-companies","status":"publish","type":"post","link":"https:\/\/urbaneconomynews.com\/?p=1078","title":{"rendered":"America\u2019s Top Companies?"},"content":{"rendered":"
\n

Do you know what the nation\u2019s \u201ctop companies\u201d are? Do you think, perhaps, that businesses like Tesla, which made Elon Musk a billionaire, or SpaceX, which made Musk a trillionaire, are among the finest? Does it make sense to you that Walmart, the largest retailer in the world, or ExxonMobil, the largest shareholder-owned energy company in the world, should, at the very least, crack the top 100 American companies? Conversely, has Disney\u2014a company that has seen its stock price almost cut in half over the last five years, that has suffered from repeated leadership controversies, that has purposely involved itself in political fights with arguably the nation\u2019s most successful and most popular governor, and that has alienated a large part of its erstwhile fan base with its overt political agenda\u2014maybe surrendered its right to be included on a list of the nation\u2019s elite corporations?<\/p>\n

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As you may have guessed, if you agreed with any of the above, you\u2019re wrong\u2014at least according to Time Magazine<\/em>, which recently published its list of \u201cAmerica\u2019s Best Companies of 2026.\u201d No Tesla. No SpaceX. No Walmart or Exxon. But there\u2019s Disney, slotted in at No. 44, just above Visa and Morgan Stanley and just below Oracle and Lyft.<\/p>\n

Inarguably, Time<\/em>\u2019s list does include some pretty great companies. Nvidia and Apple sit right at the top, about where one would expect them to be. Alphabet is in the top 10. Meta, Microsoft, and Amazon are all there. Still, the list seems rather incomplete and a bit fatuous. Why, for example, are no energy companies included? At the moment, while hostilities rage in the Middle East and the Strait of Hormuz is, again, treacherous to traverse, American energy is at least keeping the world from collapsing into recession. Similarly, it seems strange that Bank of America would find its way into the No. 33 position, while JPMorgan Chase is slotted in 22 spots lower. Not only is JPMorgan the bigger bank, but it also just reported record earnings across all business lines. What makes BofA 22 spots better?<\/p>\n

And therein lies the rub. Time<\/em> presents this as an objective list, one based on calculations made by a qualified market statistics company, Statista. It\u2019s a clear, statistically based survey that presents impartial results. Yet, valuable data\u2014like JPMorgan\u2019s record-setting performance\u2014are apparently irrelevant, totally inconsequential in this assessment of corporate greatness.<\/p>\n

To clear up this confusion, one must first understand how it was compiled, why Time<\/em> decided to compile it that way, and perhaps most importantly, what the magazine likely hoped to accomplish in doing so. In short, this is all about \u201cvariable selection\u201d and the effect that it has on even the most rigorous-appearing statistical results.<\/p>\n

Given all of this, the best place to start with this survey probably isn\u2019t the list of companies, but with the link titled: \u201cMethodology: How TIME<\/em> and Statista Determined America\u2019s Best Companies of 2026.\u201d Here, we find the three primary criteria used to determine which companies are best: \u201cThe first dimension,\u201d Time<\/em> notes, is \u201cEmployee Satisfaction,\u201d and that score \u201cis based on survey data from a large sample of approximately 217,000 employees from U.S. companies over the last three years.\u201d OK. That makes sense. Companies are unlikely to be \u201cgreat\u201d if their employees are unhappy. Next up, Time<\/em> continues, is \u201cFinancial Performance,\u201d which \u201cwas assessed using data from Statista\u2019s revenue database, which contains company financial data for the last five years.\u201d Again, this is perfectly reasonable. Companies have to perform to be great. And then, finally, the kicker:<\/p>\n

The third dimension, Sustainability Transparency, was evaluated based on ESG data among standardized KPIs from Statista\u2019s ESG Database and targeted data research. To formulate a comprehensive ESG index, multiple Key Performance Indicators were collected. For the environmental evaluation, this included the 2024 carbon emissions intensity and reduction rate compared to 2022, as well as the Carbon Disclosure Project (CDP) score. The social dimension assessed the share of women on the board of directors and the existence of a human rights policy. The governance dimension evaluated whether a company had a Corporate Social Responsibility (CSR) report adhering to the Global Reporting Initiative (GRI) guidelines and a compliance or anti-corruption guideline.<\/p>\n

Ah. Of course. Now it all makes sense.<\/p>\n

Corporate \u201cgreatness\u201d can be measured using a host of different criteria. As I hinted at above (in the sentence on Disney), my personal preference would be to include a variable that calculates return on shareholder investment. One could also devise a variable to measure positive impact on the country\u2019s fortunes, for example, its contributions to the overall economy or to national security (see ExxonMobil). Really, the possibilities are endless, which is to say that choosing to make \u201csustainability transparency\u201d one-third of a company\u2019s overall score is a choice\u2014and an overt and deliberate choice.<\/p>\n

So then, why would Time<\/em> make such a controversial choice?<\/p>\n

This answer can be found near the top of the best companies list itself. Occupying the No. 3 position, just below Apple, is the global software company Salesforce. Salesforce is a great company, to be sure. Still, it\u2019s had its share of problems over the last few years, including massive layoffs, a poorly and cruelly handled layoff strategy, an exodus of executives (among whom was the co-CEO) and a threatened proxy battle.<\/p>\n

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Lucky for the good folks at Salesforce, its CEO and board chairman is Marc Benioff, who co-founded the company in 1999. Benioff is a rich man, with an estimated net worth of $7.5 billion. What that means is that, in 2018, it was no big deal for him to blow $190 million buying one of the nation\u2019s oldest and most respected \u201cnews\u201d magazines, a little operation called Time<\/em>. Weird, right? The No. 3 company on the list of the nation\u2019s best\u2014which has struggled this year with slow growth and which has seen its own share price cut in half over the last three years\u2014just happens to be the company started and run by the guy who also owns the magazine that compiled the list. What are the odds?<\/p>\n

Well . . . given the criteria used to measure corporate \u201cgreatness,\u201d the odds are actually pretty good. Benioff, you see, has long been a crusader for \u201cstakeholderism,\u201d or, as he likes to call it, \u201ca new capitalism\u2026a more fair, equal, and sustainable capitalism that actually works for everyone and where businesses, including tech companies, don\u2019t just take from society but truly give back and have a positive impact.\u201d This is the heart of ESG, and Benioff has never been shy about using his company\u2019s money\u2014which is to say, his shareholders\u2019<\/em> money\u2014to advance the cause. As I put it in my book about ESG, \u201cThe Dictatorship of Woke Capital\u201d:<\/p>\n

Benioff is known to be a devotee of Klaus Schwab, the German engi\u00adneer and economist who founded the World Economic Forum\u2026.As a Schwab enthusiast, Benioff has made it his business to ensure that anyone who has anything to do with his company\u2014all the stake\u00adholders, you might say\u2014contribute equally to his favored political and social causes. \u201cAt my company, Salesforce,\u201d Benioff wrote, \u201cwe baked philanthropy into our business model from day one, leveraging one percent of our technology, people, and resources to help nonprofits around the world achieve their missions.\u201d In practice, what this means is that Benioff has given away \u201cmore than $100 million in grants . . . more than 1.1 million [employee] volunteer hours and . . . products to more than 27,000 organizations.\u201d\u00a0 Just to be clear\u2026Benioff is worth more than $7 billion, which means that $100 million would be about 1.4 percent of his personal wealth. But he\u2019s had his \u201cshareholders\u201d give that money away instead. Just because he can.<\/p>\n

Now, just to be clear, I\u2019m not saying that Benioff\u2019s company (Time<\/em>) doctored the numbers to make his other company (Salesforce) look \u201cgreat.\u201d I am not even saying that Time<\/em> carefully and purposefully chose the variables by which it would measure greatness specifically to ensure that Salesforce appeared to be a truly great company\u2014although that may well have been the case. What I am<\/em> saying is that this survey of the nation\u2019s greatest companies is both nonsensical and evidence of the problems that plague our mainstream media.<\/p>\n

As I argued in these pages recently, the media has long been one of the political left\u2019s most valued targets in its \u201cwar of position,\u201d its effort to influence the culture by controlling the institutions of cultural transmission. And Benioff\u2019s acquisition and subsequent usage of Time<\/em> is a prime example of how this war of position works in practice and, more to the point, how successful it has been. I don\u2019t know why Marc Benioff bought Time<\/em>. It may be the case that he bought it with pure intentions, not planning to impose his ideological beliefs in any way. Indeed, I think that\u2019s probably the case. But that\u2019s just all the more damning. All that proves is that his\u2014or anyone\u2019s\u2014personal intentions are irrelevant. The media, as it has come to see itself\u2014as the arbiters of the accepted \u201cnarrative\u201d\u2014serve as proof of Robert Conquest\u2019s Second Law: any organization not explicitly and constitutionally right-wing will sooner or later become left-wing.<\/p>\n

Or to put it more simply: Marc Benioff didn\u2019t buy Time<\/em> to impose his personal beliefs on the magazine. He bought it because the magazine already reflected his personal beliefs. He bought it because he perceived that he and it had shared values and, as a result, shared goals. He bought Time<\/em> magazine to guarantee that it would be around for years to come, publishing such things as \u201cstraight news\u201d lists of the best companies in America.<\/p>\n

ESG is a controversial investment\/business strategy, to say the least. That doesn\u2019t mean that anyone who uses it or believes in its importance is evil or necessarily opposed to capitalism. They define capitalism differently, however, in terms similar to Marc Benioff\u2019s. They see it as the means by which to accomplish ends that cannot be accomplished via politics. In this, they are right, even as they are mistaken about the mechanisms by which capitalism works. It is not a top-down process in which a select few men and women get to decide how wealth is created and distributed. It is, rather, a bottom-up process that, when allowed to function freely, creates wealth enough for most of society. ESG short-circuits that bottom-up process, replacing it with the top-down version. Ultimately, that proves unsuccessful and undermines the very foundations of the system.<\/p>\n

Companies should not be measured by their compliance with this self-destructive impetus. True greatness is evident in organizations that, first and foremost, serve their purpose, in this case, generating wealth for a widely dispersed and diverse collection of owners, their shareholders.<\/p>\n

Read more \u2018Art\u2019 and the Pathology of our Age<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Do you know what the nation\u2019s \u201ctop companies\u201d are? Do you think, perhaps, that businesses like Tesla, which made Elon Musk a billionaire, or SpaceX\u2026<\/p>\n","protected":false},"author":1,"featured_media":1077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75],"tags":[],"class_list":["post-1078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-bias"],"yoast_head":"\nAmerica\u2019s Top Companies? - Urban Economy news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/urbaneconomynews.com\/?p=1078\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"America\u2019s Top Companies? - Urban Economy news\" \/>\n<meta property=\"og:description\" content=\"Do you know what the nation\u2019s \u201ctop companies\u201d are? 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