Postcards

How the power players do it - by Fortune senior editor at large Patricia Sellers

Most valuable companies: Top 10

October 23, 2009: 3:20 PM ET

by Jessica Shambora

Yesterday we told you that Google (GOOG) tops the list of heavyweight stocks in terms of "market capitalization per employee." There's $8.6 million in stock-market value riding on every Googler who works for the company.

It's an odd metric, yes. The post generated some amusing comments. David Emery in Reston, Virginia wrote, "This seems to be a good justification for Google's well-known investment in/pampering of their employees. Happy employees generate value-per-employee, I suspect."

Another reader noted that Gilead (GILD) beats Google on this particular metric. The biotech company, with $40 billion stock-market value and 3,400 employees, boasts an impressive market cap/employee of $11.7 million. The power of pharmaceuticals.

So, what are the biggest U.S. companies by market capitalization?

It's fascinating to see that Apple (AAPL) -- which, due to strong earnings and new-product excitement this week, rose to the top five -- stands a chance to eclipse Wal-Mart (WMT) in stock-market heft. Apple, though, is still a long way from touching mighty Exxon Mobil (XOM).

The 10 largest U.S. companies by stock-market capitalization are:

1. Exxon Mobil: $353.23 billion

2. Microsoft: $249.9 billion (MSFT)

3. Wal-Mart: $194.3 billion

4. Apple: $183.88 billion

5. JP Morgan Chase (JPM): $179.84 billion

6. Google: $175.93 billion

7. Procter & Gamble (PG): $167.3 billion

8. Johnson & Johnson (JNJ): $166.2 billion

9. General Electric (GE): $161.42 billion

10. IBM (IBM): $159.08 billion

P.S. Besides Gilead, do you know any companies that beat Google's stock-market value per employee: $8.6 million?

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About This Author
Pattie Sellers
Patricia Sellers
Senior Editor at Large, Fortune
Executive Director of MPW/Live Content, Time Inc.

Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.

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