Wal-Mart, the AR-based retail giant, is No. 1 on Fortune’s annual survey of Most Admired Companies, marking the first time in the survey's 21-year history that the nation's largest company is also its most admired. Johnson & Johnson (No. 6) and Procter & Gamble, at No. 10, were the only companies in the household and personal products industry to crack the top 10.
“The planting of Wal-Mart’s flag atop yet another summit caps a year in which the company seemed to ignore both the economic slowdown and the swirling corporate scandals,” said Nicholas Stein, who wrote the introduction to the list.