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International Paper named by Fortune Magazine as the most admired Forest and Paper Products company
April 28, 2003 By Pulp & Paper Canada
Fortune Magazine, in its annual Most Admired Companies survey named International Paper as the most admired company…
Fortune Magazine, in its annual Most Admired Companies survey named International Paper as the most admired company in its industry. The survey, which has been conducted annually for over 20 years, identifies the top ten companies in a number of industries. The Hay Group surveyed 10,000 executives, directors and securities analysts. Each rated the ten largest companies by revenues in their own industries, using eight criteria. These included:
– Social responsibility
– – Innovation
– – Long-term investment value
– – Use of corporate assets
– – Employee talent
– – Financial soundness
– – Quality of products/services
– – Quality of management
The world’s largest paper company reported earnings of $44 million for the first quarter of 2003 compared with a $1.1 billion loss for the same period last year. “[Our] strong focus on internal improvements and customer service continues to positively impact our results,” CEO John Dillon said.
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