Via Politico: “Profits of the 500 Largest U.S. Corporations Soar by 81% ($318 Billion), the Third Largest Percentage Gain in List History …Wal-Mart holds the number one spot for the second year in a row …Exxon Mobil leads profits with $30 billion, for the 8th year in row. … FORTUNE editors write, ‘We’ve rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans… The profits derived partly from productivity gains, including workforce reductions. And many 500 companies are growing faster overseas than in the U.S.”
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