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Foreign Policy: These 25 Companies Are More Powerful Than Many Countries
Going stateless to maximize profits, multinational companies are vying with governments for global power. Who is winning?
At first glance, the story of Accenture reads like the archetype of the American dream. One of the world’s biggest consulting companies, which commands tens of billions of dollars in annual revenues, was born in the 1950s as a small division of accounting firm Arthur Andersen. Its first major project was advising General Electric to install a computer at a Kentucky facility in order to automate payment processing. Several decades of growth followed, and by 1989, the division was successful enough to become its own organization: Andersen Consulting.
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WNU Editor: As long as multinational companies have products and services that the public wants and demands .... their position in the global economy will always be secure.