Issue link: https://digital.shearman.com/i/1468251
2 Survey Methodology We examined the corporate governance practices of the 100 largest U.S. companies (as ranked by Fortune magazine, by revenue, for the most recently ended fiscal year) that have equity securities listed on the NYSE or Nasdaq.* We reviewed the most recently available Annual Reports on Form 10-K, annual proxy statements and corporate website information available as of May 15, 2003 of the following companies listed in order, from most revenue to least revenue (the "Fortune 100 companies"): * Consequently, the practices of State Farm Mutual Automobile Insurance Company, Kmart Corporation, New York Life Insurance Company, Massachusetts Mutual Life Insurance Company, Teachers Insurance and Annuity Association-College Retirement Activities Fund, Fleming Companies, Inc. and Pharmacia Corporation were not examined. SBC Communications Inc. Berkshire Hathaway Inc. AOL Time Warner Inc. Sears Roebuck & Co. Procter & Gamble Co. Federal Home Loan Mortgage Company Costco Wholesale Corporation Johnson & Johnson Albertson's, Inc. Dell Computer Corporation Pfizer, Inc. MetLife, Inc. Morgan Stanley Safeway, Inc. J.C. Penney Corporation, Inc. United Parcel Service, Inc. The Allstate Corporation Walgreen Co. Wells Fargo & Co. Microsoft Corporation Merrill Lynch & Co., Inc. United Technologies Corporation ConAgra Foods, Inc. The Dow Chemical Company Marathon Oil Corporation Delphi Corporation Sprint Corporation Valero Energy Corporation Lockheed Martin Corporation Prudential Financial, Inc. Intel Corporation Motorola, Inc. Lowe's Companies, Inc. The Walt Disney Company PepsiCo, Inc. UnitedHealth Group Incorporated International Paper Company Viacom, Inc. E.I. du Pont de Nemours and Company CVS Corporation American Express Company Wachovia Corporation Archer-Daniels-Midland Company Tyson Foods, Inc. Sysco Corporation Georgia-Pacific Corporation The Goldman Sachs Group, Inc. Ingram Micro Inc. BellSouth Corporation Honeywell International, Inc. Bank One Corporation Electronic Data Systems Corporation Supervalu, Inc. Alcoa, Inc. FEDEX Corporation Caterpillar, Inc. Johnson Controls, Inc. Cigna Corporation Aetna, Inc. HCA, Inc. Best Buy Co., Inc. The Coca-Cola Company AutoNation, Inc. Washington Mutual, Inc. Cisco Systems, Inc. Weyerhaeuser Company Visteon Corporation Bristol-Myers Squibb Northrop Grumman Company Abbott Laboratories Sara Lee Corporation WellPoint Health Networks, Inc. AMR Corporation Raytheon Company Loews Corporation Wal-Mart Stores, Inc. General Motors Corporation Exxon Mobil Corporation Ford Motor Company General Electric Company Citigroup, Inc. ChevronTexaco Corporation International Business Machines Corporation American International Group, Inc. Verizon Communications, Inc. Altria Group, Inc. ConocoPhillips The Home Depot, Inc. Hewlett-Packard Company The Boeing Company Federal National Mortgage Association Merck & Co., Inc. The Kroger Company Cardinal Health, Inc. McKesson Corporation AT&T Corp. Bank of America Corporation AmerisourceBergen Corporation Target Corporation J.P. Morgan Chase & Co.