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Rank: 15 (Previous rank: 18)
Compare tool: McKesson vs. Top 10 CEO: John H. Hammergren Address: 1 Post St. San Francisco, CA 94104 Phone: 415-983-8300 Website: www.mckesson.com 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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New York | 56 |
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Microsoft | 35 |
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Company | 2008 $ (millions) |
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Chevron | $23,931.0 |
Microsoft | $17,681.0 |