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UPS, Home Depot among 9 Georgia companies on Fortune's 'most-admired' list
[February 22, 2006]

UPS, Home Depot among 9 Georgia companies on Fortune's 'most-admired' list

(Atlanta Journal-Constitution, The (KRT) Via Thomson Dialog NewsEdge) Feb. 22--Two Georgia giants -- UPS and Home Depot -- tied for 13th place this year on Fortune magazine's 24th annual list of "America's most admired companies."

They are among nine Georgia companies that made the list.

But two of the nine also bid farewell this year to Fortune's various lists -- Georgia-Pacific and Scientific-Atlanta. Thanks to mergers, they will not be eligible in the future.

Georgia-Pacific, a forest products company, was bought by Koch Forest Products of Wichita, Kan. Scientific-Atlanta, which makes television set-top boxes, will become part of Cisco Systems, whose equipment routes two-thirds of all Internet traffic.

The other Georgia companies deemed most admired in a survey of executives, directors, and analysts are Aflac, BellSouth, Coca-Cola, Newell Rubbermaid and Southern Co.

Atop the 24th annual list of 303 companies is General Electric, which moved up from second place last year. GE displaced Dell, the computer company, which dropped to eighth place.

"The early 21st century has been brutal on corporate reputations," senior Fortune writer Anne Fisher said in announcing the latest list. "Besieged by criticism and a slumping stock, Wal-Mart tumbled from No. 4 to No. 12."

One foreign company, Toyota Motor, "cracked the elite" at No. 9, said Fisher.

According to Fortune, the most admired list was compiled with the help of the Hay Group, a management consulting firm.

The process started with more than 1,000 U.S. companies and foreign companies with U.S. operations. Executives, directors and analysts were asked to rate the companies by criteria such as innovation, personnel management, finance, social responsibility, long-term investment and the quality of its products or services.

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