Newspaper article THE JOURNAL RECORD

Merck & Co. Tops Magazine List of Admired Firms for Second Time

Newspaper article THE JOURNAL RECORD

Merck & Co. Tops Magazine List of Admired Firms for Second Time

Article excerpt

NEW YORK (AP) - Merck & Co., the giant pharmaceutical concern, topped the Fortune magazine's latest annual ranking of the most admired American companies for the second year in a row, the magazine said Wednesday.

Merck, based in Rahway, N.J., scored the highest overall rating ever in the six years the survey has been conducted. The results appear in the Jan. 18 issue of Fortune, which appears on newstands Monday.

Second was the rubber products company Rubbermaid Inc., based in Wooster, Ohio, up from fifth place a year ago.

Third was was Dow Jones & Co., the New York-based publisher of The Wall Street Journal and other financial publications, up from ninth a year ago.

Procter & Gamble Co., the consumer products giant based in Cincinnati, ranked fourth, up from 18th a year ago, and Liz Claiborne Inc., the clothing maker, finished fifth, down from second a year ago.

Next were Minnesota Mining & Manufacturing Co., the scientific and photographic equipment company based in St. Paul, Minn.; Philip Morris Companies Inc., the tobacco, food and beverage company based New York; and J.P. Morgan & Co., the New York-based commercial banker.

Tied for ninth place were newcomers to the Top 10 - RJR Nabisco Inc., the tobacco and foods company based in Winston-Salem, N.C., and Wal-Mart Stores Inc., a retailer based in Bentonville, Ark.

International Business Machines Corp., the computer giant from Armonk, N.Y., which ranked as the most admired company in each of the first four Fortune surveys, slipped out of the Top 10 listing for the first time, falling to 32nd place from the seventh spot last year.

The least admired company of the 306 in the survey was Financial Corp. …

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