Bowdeya Tweh reports:
Fortune magazine named Procter & Gamble to its 2013 list of World’s Most Admired Companies.
Cincinnati-based P&G ranked No. 2 in the soap and cosmetics category and No. 15 overall among 50 companies on the list.
Apple, Google, Amazon.com, Coca-Cola and Starbucks were the highest rated.
P&G said it has earned a spot on the list for more than two decades.
Companies are rated on nine attributes including the ability to attract and retain talent, quality of management, social responsibility to the community and environment, innovation, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value and effectiveness at doing business globally.
The Hay Group, a global management consulting firm, has partnered with Fortune to identify and rank companies for the World’s Most Admired Companies since 1997 and America’s Most Admired Companies since 2001.
The Hay Group started with 1,400 firms – the 1,000 largest U.S. companies ranked by revenue and companies based outside the United States in Fortune’s global 500 database with revenue of $10 billion or more. The firm whittled down the list and then tapped 3,800 corporate executives and directors and financial analysts to assign ratings based on the criteria and select the top 50 companies.
P&G’s Mason Business Center, which employs about 2,400, is home to its pet care, pharmaceuticals and personal- and oral-care businesses.