Rank: 15 (Previous rank: 18)
Compare tool: McKesson vs. Top 10
CEO: John H. Hammergren
Address: 1 Post St.
San Francisco, CA 94104
With its tiny margins, drug distribution is a hard business to get into, but it's a good one to be in when times get tough: People still need their meds, after all. That's why McKesson ended 2008 on a high note: Earnings for the final fiscal quarter of the year jumped 54%, excluding charges.
Last November, the company cleared up a few clouds that had been hanging overhead for years by settling allegations of price-fixing going back to 2001. It paid $350 million and is setting aside another $143 million in reserves to handle any future claims. Now McKesson has to deal with President Obama's plan for health care reform. - J.R.
Industry: Wholesalers: Health Care
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