America's shrinking corporate giants

These huge companies have seen revenues drop dramatically over the past decade.

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VIDEO ON MSN MONEY

166Comments
Jul 23, 2014 5:44AM
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U.S. based energy companies extract domestic energy and sell it around the world for huge profit for a few.  Meanwhile, U.S. taxpayers spend hundreds of billions per year "defending" the globe so that we can import high cost energy from the Middle East.

Is that REALLY what the founding fathers envisioned?  Of, for and by the people = ?

Jul 23, 2014 8:22AM
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What do you expect when the modern CEO's don't give a damm about the long term future of their Corporation. Their primary motive is a fast buck with greedy salaries and bonuses.. This is the business philosophy which dominates bisiness from the mid 80's to the present day. Today's CEO's have graduated from the finest colleges and universities in this land. They have and continue to conduct themselves as though they just fell out of a tree. Reckless greed has replaced their concept of civilisation and their role in preserving and advancing that civilisation.
Jul 23, 2014 10:27AM
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I don't see any real shrinkage here.  I see spin-offs, name changes, new partnerships and conglomerates.  It's all just manipulation with the most likely reason being to gain tax advantages.
Jul 22, 2014 8:28PM
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Probably not shrinking just firing people here and expanding over seas.  Obama didn't do it, it started in the early 90's already, but he isn't helping either.
Jul 23, 2014 5:29AM
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Notice they talk about total revenue earned and completely ignore net profits? Most of these corporate giants have trashed the economy over the decades and have hundreds of billions in cash reserves stashed in offshore accounts they refuse to pay taxes on. Much of the profits these days instead of going to stockholders is going to buying stock to give to over paid executives as stock options screwing everyone but the upper tenth of the one percenters...
Jul 23, 2014 8:50AM
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Good companies don't fade away, they get bigger and stronger until they get greedy and sloppy and start taking advantage of consumers with poor quality junk products. At this point ... Well, they become a poor choice for the products they produce and are no longer the consumer's choice provider. Sears would be a good example.
Jul 23, 2014 12:47PM
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Let's talk about the largest employer in America growing, the federal government. Their growth is a direct result of income increases mostly from taxes and fees but much has also come from operations. In fact every government agency and regional government is talking about increasing income. Seems their is no end to their need for cash. The sad thing is it comes from us little guys that don't have it in the form of price increases through they're legislative actions or direct tax and fee increases. It would be nice to read an article titled "Americas shrinking governments"
Jul 22, 2014 7:57PM
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I will take anyone of those failing companies. I mean come on an average of $12.4 billion a year.. 

 This kind of article is what gets the middle class upset.  

Giant no more please ....
Jul 24, 2014 9:06AM
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The best way to "punish" a company is not to blame the CEO, stockholders or board members, it is simply to not buy that product. This is what Americans should have done forty years ago when American jobs started to get outsourced.
Jul 22, 2014 8:57PM
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Motorola had the keys to the cellular kingdom.

Motorola is the modern- day Titanic.

Motorola's board of executives should be drawn, quartered, imprisoned and all $$$ rec'd rescinded.

I imagine these people jumped off the plummeting plane ala Bugs Bunny while bearing no guilt, regret or shame.....and landed on a pile of $$$$.

Jul 24, 2014 10:31AM
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So basically these "shrinking" companies just created more companies by splitting them off. 
Jul 24, 2014 3:44AM
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I think the title is misleading as it implies something is wrong.
Jul 24, 2014 6:36AM
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Odd.  Marathon bought a lot of BP stations in our area. Sounds like upsizing.
Jul 24, 2014 1:18PM
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The article is misleading, starting with the headline. 

Most of those companies didn't "shrink".  They split into smaller entities, and if one took the value of the separate spun-off entities and totaled them up, one would find that the total worth of the companies would be higher than the initial value before splitting. 

But, someone needed to create an article which would draw attention and a bunch of clicks and comments.


Jul 23, 2014 9:13AM
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Never seen the "B" word used so often. Billions!.!.!.!.!.
Jul 24, 2014 8:48AM
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Yes, Billions of revenue is not enough. If I had revenue in the billions, I would have to close my doors. Who would work for that pittance?
Jul 24, 2014 10:04AM
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HEY - -  WHAT THEY NEED IS A HIGHER TAX RATE!!!!!

THAT WAY WE COULD HAVE MORE MONEY TO BAIL THEM OUT!!!!!

OF COURSE - FINDING SOME WAY TO DO THAT COULD REQUIRE SOME INTELLIGENCE TO BE UTILIZED BY OUR ALREADY INEPT GOVERNMENT!!!!!

Feds blow $100 billion a year on incorrect payments
The Department of Health and Human Services and the IRS are 2 of the biggest offenders, but the food stamp program is a success story.

Between 2002 and 2012, federal agencies spent more than half a trillion dollars ($688 billion) on payments that should never have been made.


Every year, according to their own record-keeping, the agencies that administer major federal programs are now paying out more than $100 billion improperly, and even though they're aware of the problem, they recover only a tiny fraction for taxpayers. This adds up to huge losses for the U.S. Treasury.



Jul 24, 2014 11:10AM
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And for what it's worth--Did anyone notice the price of gas on the Marathon sign at the beginning of the "story"?

Obviously an old picture. Haven't seen those prices in quite a while.

Jul 24, 2014 12:19PM
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Still a lot of money made from cigarettes a lot of clear profit.
Jul 26, 2014 5:31PM
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these facts shouldn't surprise anyone. Obama is anti-growth of the private sector and is doing everything in his power to destroy the corporations in the US. He wants to have us go back to the stone ages like his father and brother live. Just screw everyone and every woman and watch the children die.
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