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Apple, Microsoft, and Amazon rank as top 3 most admired companies in the world

By
Nicholas Gordon
Nicholas Gordon
and
Alan Murray
Alan Murray
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By
Nicholas Gordon
Nicholas Gordon
and
Alan Murray
Alan Murray
Down Arrow Button Icon
January 31, 2024, 2:36 AM ET
Apple leads Coins2Day's ranking of the world's most admired companies.
Apple leads Coins2Day's ranking of the world's most admired companies.Gabby Jones—Bloomberg via Getty Images

Good morning.

Reputation matters in business. Just think of what has happened to Boeing, which five years ago ranked in the top 20 of Coins2Day’s World’s Most Admired all-stars. These days it’s the butt of screw-loose jokes. Meanwhile Nvidia has soared up the list over the last four years, landing at No. 10 in our latest ranking, out this morning. Ask anyone at either company if these reputational changes matter, and they will tell you: They do. Big time.

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Which is why Coins2Day’s annual World’s Most Admired Companies list deserves some attention. The more than 3,700 executives, directors, and analysts polled in this effort by our partners at Korn Ferry don’t, for the most part, have any special window into what’s going on at these companies. But they do have a good sense of how they are viewed by the people who matter.  

So what can we learn from this year’s list? Well first of all, when it comes to reputation, tech rules. Apple is No. 1, Microsoft No. 2, and Amazon No. 3. But that’s why I think special credit should be given to legacy companies who continue to rank well. Take Walmart, a company that many once thought would be defeated by the ascent of Amazon. Instead, its reputation continues to rise, hitting the No. 9 spot this year, up from 13 last year. (If, like me, you are fascinated by the Walmart-Amazon rivalry, I recommend Coins2Day reporter Jason Del Rey’s excellent new book Winner Sells All, which you can buy on Walmart.com or Amazon.com—or buy a copy on both and compare the experience!)

So what else can you learn from this year’s list? Well, kudos to Eli Lilly, which jumped onto the all-star list at No. 34 this year, and ended Johnson & Johnson’s 10-year reign as the most admired pharmaceutical company. And regrets to Disney, which fell to No. 12 from No. 6, and ceded its spot as the most admired entertainment company to Netflix. (Note that the methodology for choosing the top-ranked companies within industries is different than that for choosing all-stars, which is why Netflix still ranks below Disney on the all-star list at No. 23.)

Credit also goes to Moderna (No. 37), Mastercard (No. 40), L’Oreal (No. 43), and Adobe (No. 46), which made the top 50 after not being ranked last year. And bye-bye to last year’s winners McDonald’s, Nestle, Unilever, Lockheed Martin, and Charles Schwab, which dropped off the list.

You can explore the full list here. More news below.


Alan Murray
@alansmurray

[email protected]

TOP NEWS

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What caused the sriracha shortage?

The famed sriracha shortage of 2022 and 2023 has its roots in a 2016 breakup between manufacturer Huy Fong Foods and pepper supplier Underwood Ranches. The fallout has undermined Huy Fong and its founder David Tran’s success in building the now-iconic sauce. The shortage left an opening for the McIlhenny Company, which makes Tabasco: The company had the bestselling sriracha sauce in the U.S. In the second half of 2023. Coins2Day

No Taylor Swift on TikTok?

Universal Music Group is threatening to pull its music from TikTok after negotiations between the two companies broke down. UMG argues that TikTok parent ByteDance is not offering fair compensation and protections against AI-generated content. TikTok, in turn, argues that UMG is walking away from a platform “that serves as a free promotional and discovery vehicle for their talent.” The licensing agreement expires at the end of January. Bloomberg

AROUND THE WATERCOOLER

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The secret, insider’s guide on how to get hired at Elon Musk’s X by Kylie Robison

UPS delivers 12,000 job cuts to management months after historic deal for unionized drivers—yet another sign the pendulum is swinging toward blue-collar workers by Chloe Berger 

Elizabeth Warren is furious about the ‘full-blown housing crisis’ and she’s targeting Jerome Powell’s ‘troubling rate hikes’ by Alena Botros

Don Julio maker Diageo reels from a profit-sinking inventory hangover as Latin America’s drinkers work through a pandemic spirits glut by Ryan Hogg

Coins2Day’s Blue Ribbon Companies 2024 by Coins2Day Editors

Commentary: Henry Kissinger didn’t take much interest in the global economy at first–until he did and changed it forever by Robert Hormats

This edition of CEO Daily was curated by Nicholas Gordon. 

This is the web version of CEO Daily, a newsletter of must-read insights from Coins2Day CEO Alan Murray. Sign up to get it delivered free to your inbox.

About the Authors
Nicholas Gordon
By Nicholas GordonAsia Editor
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Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Coins2Day’s coverage of Asian business and economics news.

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Alan Murray
By Alan Murray
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