US Big Corps: Spectacular Earnings Growth But Lackluster Jobs Added (Part Two)

In a recent post, from a review of SEC filings, I found 102 US Big Corps, which have Pretax Income or Loss of more than $500 mil each in any of the most recent three years, which have fiscal year ends from February through November, and which have released their 2011 annual earnings.

My definition of Pretax Income used below excludes various large unusual items, including:

.....Asset Impairments, mainly related to Goodwill and other Intangible Assets
.....Loss and Gains of Early Extinguishment of Debt
.....Acquired In Process Research & Development Charges
.....Gains and Losses on Sales of Assets and Businesses
.....Special Huge Litigation Charges

These 102 US Big Corps had the following Total Pretax Income for the most recent three fiscal year ends (FYEs):

FYEs Feb 2011/Nov 2011..$256,081 mil (up 22% over FYE 2010)
FYEs Feb 2010/Nov 2010..$210,671 mil (up 35% over FYE 2009)
FYEs Feb 2009/Nov 2009..$155,688 mil

Thus, Total Pretax Income of $256,081 mil for FYEs Feb 2011/Nov 2011 was up a very robust 64% over that of $155,688 mil for FYEs Feb/Nov 2009, just two years earlier.

The Total Earning Per Share (EPS) growth of these 102 US Big Corps for this two-year period will be markedly higher than 64%, due both to the widespread use of much lower effective income tax rates over time by US Big Corps, and also to the massive and increasing use of common stock buybacks by US Big Corps, which substantially increase EPS, particularly in these extremely low interest rate times.

Now in this post, I am turning my attention to the much larger category of US Big Corps with December and January FYEs. These US Big Corps haven't filed their annual financial statements for the year ended December 2011 or January 2012 yet. Thus, the information below is just for the years ended December 2010 and 2009, and for the years ended January 2011 and 2010. When these US Big Corps file their current annual financial statements with the SEC, I'll with then update this key information contained below in this post.

I found 332 US Big Corps with either December or January FYEs, with Pretax Income of Loss of more than $500 mil each in either 2010 or 2011, and which have more than a small number of employees.

I have included in these 332, a handful of US Big Corps HQed in Foreign Jurisdictions, including both Royal Dutch Shell and BP, because their US operations are so huge.

Because there are so many of these US Big Corps and also because of ease of preparing and viewing the information, I'll will first present an Abbreviation Legend for each of these 332 US Big Corps. These US Corp Abbreviations will be used in the various charts below.

1STD First Data
AA Alcoa
AAP Advance Auto Parts
ABT Abbott Labs
ACE ACE Ltd
AES AES
AET Aetna
AFL AFLAC
AGN Allergan
AIG AIG
AIZ Assurant
ALL Allstate
ALLY Ally Financial
ALTR Altera
AMD Advanced Micro Devices
AMGN Amgen
AMP Ameriprise Financial
AMR AMR
AMT American Tower REIT
AMZN Amazon.com
AON AON
APA Apache
APC Anadarko Petroleum
APH Amphenol
ARW Arrow Electronics
ATVI Activision Blizzard
AVP Avon Products
AXAE AXA Equitable Life Insurance US
AXAF AXA Financial US
AXP American Express
BA Boeing
BAC Bank of America
BAX Baxter
BBT BB&T
BC Brunswick
BCR CR Bard
BG Bunge Ltd
BHI Baker Hughes
BIIB Biogen IDEC
BK Bank of NY Mellon
BLK BlackRock
BLL Ball Corp
BMY Bristol Myers Squibb
BP BP
BRCM Broadcom
BRKA Berkshire Hathaway
BSX Boston Scientific
BTU Peabody Energy
BX Blackstone Group
C Citigroup
CAES Caesars Entertainment
CAM Cameron Intl
CNA CNA Financial
CAT Caterpillar
CB Chubb
CBE Cooper Industries
CBS CBS
CCMO Clear Channel Communications
CE Celanese
CELG Celgene
CEPH Cephalon
CF CF Industries
CHK Chesapeake Energy
CHRW CH Robinson
CI Cigna
CIT CIT Group
CL Colgate Palmolive
CLF Cliffs Natural Resources
CMCSA Comcast
CME CME Group
CMI Cummins
CNX CONSOL Energy
COF Capital One Financial
COP ConocoPhillips
CRYS Chrysler
CSE CapitalSource
CSX CSX
CTL CenturyLink
CTSH Cognizant Technologies
CVC Cablevision Systems
CVH Coventry HC
CVS CVS Caremark
CVX Chevron
CYH Community Health Systems
DAL Delta Air Lines
DD DuPont
DELL Dell
DG Dollar General
DGX Quest Diagnostics
DHR Danaher
DISCA Discovery Communications
DISH DISH Network
DLTR Dollar Tree
DOV Diamond Offshore
DOV Dover
DOW Dow Chemical
DPS Dr Pepper Snapple
DTV DirecTV
DVA DaVita
DVN Devon Energy
EBAY Ebay
ECL Ecolab
EMC EMC
EMN Eastman Chemical
EOG EOG Resources
EP El Paso
ERIE Erie Indemnity
ESI ITT Educational Services
ESRX Express Scripts
ESV Ensco Intl
ETFL E*Trade Financial
ETN Eaton
EXCO EXCO Resources
EXPD Expeditors Intl Washington
EXPE Expedia
F Ford
FB Fortune Brands
FCX Freeport McMoran
FIG Fortress Investment
FIS Fidelity National Information Services
FISV Fiserv
FITB Fifth Third Bancorp
FLR Fluor
FLS Flowserve
FNF Fidelity National Financial
FNM Fannie Mae
FRE Freddie Mac
FRSC Freescale Semiconductor
FSLR First Solar
FTI FMC Technologies
GCI Gannett
GD General Dynamics
GE GE
GILD Gilead Sciences
GLW Corning
GM General Motors
GME GameStop
GNW Genworth Financial
GOOG Google
GPS GAP
GPS Genuine Parts
GR Goodrich
GS Goldman Sachs
GWW WW Grainger
HAL Halliburton
HBAN Huntington Bancshares
HCA HCA
HCBK Hudson City Bancorp
HD Home Depot
HES Hess
HIG Hartford Financial Services
HON Honeywell
HSBC HSBC USA
HSBF HSBC Finance Corp
HSIC Henry Schein
HSY Hershey
HUM Humana
IBM IBM
ICE InterContinentalExchange
INTC Intel
IP Intl Paper
IR Ingersoll-Rand plc
ISRG Intuitive Surgical
ITT ITT
ITW IllinoisTool Works
IVZ Invesco Ltd
JCP JC Penney
JNJ JNJ
JNPR Juniper Networks
JPM JPMorgan Chase
JWN Nordstrom
K Kellogg
KBR KBR
KEY Key Corp
KFT Kraft Foods
KKR KKR LP
KMB Kimberly Clark
KO Coca Cola
KR Kroger
KSS Kohls
L Loews
LBZ Lubrizol
LCC US Airways
LH Lab Corp of America
LLL L-3 Communications
LLY Eli Lilly
LMED Liberty Media
LMT Lockheed Martin
LNC Lincoln National
LO Lorillard
LOW Lowe's
LTD Limited Brands
LUV Southwest Airlines
LVS Las Vegas Sands
LYB LyondellBasell
M Macys
M&I Marshall & Ilsley
MA Mastercard
MAR Marriott Intl
MAT Mattel
MCD McDonalds
MCO Moodys
MET MetLife
MGIC MGIC Investment
MGM MGM Resorts
MHP McGraw Hill
MHS Medco Health Solutions
MJN Mead Johnson Nutrition
MMC Marsh & McLennan
MMI Motorola Mobility
MMM 3M
MO Altria Group
MRK Merck
MRO Marathon Oil
MRVL MarvellTechnology
MS Morgan Stanley
MSI Motorola Solutions
MTB M&T Bank
MUR Murphy Oil
NBL Noble Energy
NDAQ Nasdaq OMX Group
NEM Newmont Mining
NEM Noble Corp
NFX Newfield Exploration
NIHD NII Holdings
NLY Annaly Capital Management
NOC Northrop Grumman
NOV National Oilwell Varco
NSC Norfolk Southern
NTRS Northern Trust
NWL Newell Rubbermaid
NYB NY Community Bank
NYX NYSE Euronext
OKE OneOK
OMC Omnicom Group
ORLY O'Reilly Automotive
OXY Occidental Petroleum
PBI Pitney Bowes
PBLX Publix Super Markets
PCAR Paccar
PCLN Priceline
PEP PepsiCo
PFE Pfizer
PGR Progressive Corp
PHM Pulte Group
PM Phillip Morris
PNC PNC Financial Services
PPG PPG Industries
PRU Prudential Financial
PSA Public Storage
PX Praxair
PXD Pioneer Natural Resources
Q Qwest Communications
RAI Reynolds American
RCL Royal Caribbean
RDN Radian Group
RDS Royal Dutch Shell
RF Regions Financial
RIG Transocean Ltd
ROST Ross Stores
RSG Republic Services
RTN Raytheon
S Sprint Nextel
SAI SAIC
SANT Santander Holdngs USA
SCCO Southern Copper
SCHW Charles Schwab
SE Spectra Energy
SHW Sherwin Williams
SIAL Sigma Aldrich
SLB Schlumberger
SLM SLM
SNDK Sandisk
SNI Scripps Networks Interactive
SNV Synovus Financial
SPG Simon Property Group
SPLF Springleaf Finance
SPLS Staples
STI SunTrust Banks
STJ St Jude Medical
STT State Street Corp
SUN Sunoco
SWN Southwestern Energy
SWY Safeway
SYK Stryker
T ATT
TAP Molson Coors Brewing
TEX Terex Corp
TGT Target
TIF Tiffany
TJX TJX
TMO Thermo Fisher Scientific
TROW T Rowe Price
TRV Travelers
TRW TRW Automotive
TWC Time Warner Cable
TWX Time Warner
TXN Texas Instruments
UAL United Continental
UNBC Unionbancal
UNH United Health Group
UNM Unum Group
UNP Union Pacific
UPL Ultra Petroleum
UPS United Parcel Services
URS URS
USB US Bancorp
UTX United Technologies
VFC VF Corp
VLO Valero Energy
VNO Vornado Realty Trust
VZ Verizon
WFC Wells Fargo
WHR Whirlpool
WIN Windstream
WLL Whiting Petroleum
WLP WellPoint
WLT Walter Energy
WM Waste Management
WMB Williams Companies
WMT Walmart
WU Western Union
WY Weyerhaeuser REIT
WYND Wyndham WW
X United States Steel
XEC Cimarex Energy
XOM Exxon Mobil
XRX Xerox
YHOO Yahoo
YUM Yum Brands
ZION Zions Bancorp
ZMH Zimmer Holdings

Below here is the Pretax Income (PTI) or Pretax Loss (PTL) of these 332 US Big Corps for 2010 and 2009 for December year end companies and for 2011 and 2010 for January year end companies.

.............................PTI(L)...........PTI(L)..............PTI(L)
..............................FYE...............FYE...............Increase
...........................Dec 2010......Dec 2009.........(Decrease)
.........................or Jan 2011...or Jan 2010.....Amount.......%
……………………………............(in millions of dollars)

XOM....................52,959...........34,777........18,182......52%
BP.......................36,110...........25,124.........10,986......44%
RDS.....................35,344...........21,020........14,324......68%
CVX....................32,055...........18,528.........13,527......73%
JPM....................24,859...........16,067...........8,792......55%
WMT...................23,538...........22,118...........1,420.......6%
IBM....................19,723...........18,138...........1,585.......9%
BRKA..................19,051...........11,552...........7,499......65%
WFC....................19,001...........17,998...........1,003.......6%
T........................18,238...........18,518............(280).....-2%
JNJ....................16,947...........15,755...........1,192.......8%
INTC..................16,045............5,704.........10,341.....181%
COP...................15,727............9,957...........5,770......58%
VZ.....................14,522...........14,007..............515.......4%
GE.....................14,208............9,995...........4,213......42%
C.......................13,184..........(10,199)........23,383.....229%
GS.....................12,892...........19,829.........(6,937)....-35%
PFE...................12,522...........10,827...........1,695......16%
BAC..................11,077............4,360...........6,717.....154%
GOOG................10,796............8,381...........2,415......29%
PM...................10,324............9,243...........1,081......12%
KO.....................9,709............8,946..............763.......9%
FCX...................8,512............5,816...........2,696......46%
PEP...................8,232............8,019..............213.......3%
F.......................8,002...........(2,115)........10,117.....478%
KKR..................7,852............6,889..............963......14%
OXY..................7,636............5,265...........2,371......45%
UNH.................7,383............5,808...........1,575......27%
MCD.................7,000............6,487..............513.......8%
UTX..................6,538............5,760..............778......14%
LLY..................6,525............6,042..............483.......8%
BMY.................6,299............5,602..............697......12%
MS....................6,202..............983...........5,219.....531%
CMCSA..............6,104............5,106.............998......20%
ABT...................6,027............6,279............(252).....-4%
AXP...................5,964............2,841...........3,123.....110%
MMM.................5,755............4,632...........1,123......24%
GM....................5,737..........(25,659)........31,396.....122%
MO....................5,723............4,877..............846......17%
CVS...................5,629............5,913............(284).....-5%
UPS...................5,523............3,366...........2,157......64%
AMGN...............5,317............5,204..............113.......2%
HD....................5,273............3,982...........1,291......32%
APA..................5,206............3,144...........2,062......66%
MRK..................5,044............4,597..............447......10%
MRO..................4,916............3,236...........1,680......52%
TXN...................4,551............2,017...........2,534.....126%
BA.....................4,507............1,731...........2,776.....160%
TGT...................4,495............3,872..............623......16%
UNP..................4,433............2,974...........1,459......49%
PRU..................4,422............1,552...........2,870.....185%
WLP..................4,354............3,611..............743......21%
COF..................4,330............1,336...........2,994.....224%
TRV..................4,306............4,711............(405).....-9%
USB..................4,200............2,632...........1,568......60%
PNC..................4,061............2,149...........1,912......89%
NEM.................3,997............2,954...........1,043......35%
MET.................3,958...........(4,334)..........8,292.....191%
TWX.................3,919............3,237..............682......21%
GILD................3,914............3,502..............412......12%
SLB..................3,886............3,934..............(48)......1%
GLW.................3,845............1,934...........1,911......99%
LMT.................3,826............4,230............(404)....-10%
GD...................3,790............3,513..............277.......8%
CAT.................3,750..............569...........3,181.....559%
DD...................3,711............2,184...........1,527......70%
CL...................3,701............3,538..............163.......5%
BK...................3,694...........(2,208)..........5,902.....267%
ACE.................3,667............3,077..............590......19%
KFT.................3,642............3,946............(304).....-8%
AFL.................3,585............2,235...........1,350......60%
DVN.................3,568............1,882...........1,686......90%
DTV.................3,514............2,325...........1,189......51%
DELL................3,350............2,024...........1,326......66%
LOW.................3,228............2,825..............403......14%
BLK..................3,021............1,272...........1,749.....138%
AXAE...............3,015...........(3,079)..........6,094.....198%
CB....................2,988............2,962................26.......1%
L......................2,902............2,766..............136.......5%
CHK.................2,884............1,712...........1,172......68%
HON.................2,843............2,049..............794......39%
NOC.................2,826............2,266..............560......25%
DOW................2,802..............469...........2,333.....497%
MA..................2,757............2,218..............539......24%
HAL................2,655............1,682..............973......58%
AET................2,644............1,901..............743......39%
HES.................2,635............1,522...........1,113......73%
EMC................2,608............1,375...........1,233......90%
KMB................2,550............2,576..............(26).....-1%
CSX.................2,546............1,746..............800......46%
BAX.................2,478............2,734............(256).....-9%
RTN.................2,432............2,930............(498)....-17%
SCCO...............2,431............1,404...........1,027......73%
HIG.................2,417...........(1,728)..........4,145.....340%
NOV................2,397............2,208..............189.......9%
NSC.................2,367............1,622..............745......46%
HCA................2,354............2,045..............309......15%
MHS................2,334............2,103..............231......11%
HSBC...............2,300.............(299)..........2,599.....869%
AES.................2,286............2,019..............267......13%
ITW.................2,212............1,320..............892......68%
TWC................2,196............1,912..............284......15%
RAI.................2,192............2,101................91.......4%
TJX.................2,164............1,952..............212......11%
EBAY..............2,098............1,429..............669......47%
STT..................2,086............2,525............(439)....-17%
RIG..................2,054............4,258.........(2,204)....-52%
DHR.................2,052............1,425..............627......44%
PBLX.................2,039............1,775..............264......15%
GPS...................1,982............1,816..............166.......9%
PX....................1,964............1,724..............240......14%
ESRX................1,909............1,308..............601......46%
CI....................1,870............1,898..............(28).....-1%
APC..................1,857.............(650)..........2,507.....386%
KSS..................1,782............1,588..............194......12%
DISH................1,767............1,374..............393......29%
HUM................1,750............1,602..............148.......9%
K.....................1,742............1,684................58.......3%
KR...................1,734............1,702................32.......2%
SYK.................1,730............1,624..............106.......7%
CME.................1,722............1,438..............284......20%
LO....................1,635............1,519..............116.......8%
WM...................1,631............1,473..............158......11%
CMI..................1,617..............640..............977.....153%
YUM..................1,594............1,396..............198......14%
AMP..................1,594..............920..............674......73%
PGR....................1,565............1,557..................8.......1%
LMED................1,558..............621..............937.....151%
CTL...................1,532..............815..............717......88%
EP.....................1,527............1,250..............277......22%
LYB...................1,512...........(1,322)..........2,834.....214%
SE.....................1,506............1,271..............235......18%
VLO...................1,498..............(94)..........1,592....1694%
AMZN................1,497............1,161..............336......29%
LLL...................1,484............1,386................98.......7%
BIIB..................1,475............1,333..............142......11%
YHOO.................1,466..............824..............642......78%
SNDK.................1,457..............504..............953.....189%
SLM...................1,433..............272...........1,161.....427%
MUR...................1,414............1,033..............381......37%
SPLS...................1,357............1,156..............201......17%
WMB...................1,352..............943..............409......43%
OMC...................1,350............1,274................76.......6%
MHP...................1,339............1,179..............160......14%
DOV...................1,336............1,868............(532)....-28%
UNM..................1,331............1,292................39.......3%
M......................1,320..............507..............813.....160%
NLY..................1,300............1,996............(696)....-35%
CLF...................1,298..............291...........1,007.....346%
PPG..................1,295..............617..............678.....110%
BHI...................1,282..............611..............671.....110%
LNC...................1,234..............209...........1,025.....490%
CBS...................1,222..............653..............569.....87%
STJ...................1,209............1,057..............152.....14%
IP.....................1,201..............133...........1,068.....803%
DGX..................1,184............1,228..............(44).....-4%
DAL..................1,181...........(1,498)..........2,679.....179%
ALLY................1,179...........(6,959)..........8,138.....117%
NBL..................1,175..............340..............835.....246%
TMO..................1,165..............927..............238......26%
AGN..................1,149..............849..............300......35%
WU...................1,145............1,132................13.......1%
CELG................1,134............1,011..............123......12%
ALL..................1,126............1,248............(122)....-10%
BTU..................1,113..............652..............461......71%
CNA..................1,112..............540..............572.....106%
LTD..................1,103..............641..............462......72%
SCHW................1,099............1,276............(177)....-14%
BRCM................1,097...............72...........1,025....1424%
MTB..................1,093..............519..............574.....111%
DISCA...............1,071..............787..............284......36%
TROW................1,070..............689..............381......55%
ZMH..................1,064............1,071................(7).....-1%
AON..................1,059..............949..............110......12%
TRW..................1,041..............140..............901.....644%
RSG..................1,038..............862..............176......20%
ETN..................1,036..............303..............733.....242%
IR....................1,007..............589..............418......71%
LBZ..................1,004..............726..............278......38%
ERIE....................999..............524..............475......91%
SWN.....................995..............856..............139......16%
JWN.....................991..............696..............295......42%
NTRS...................990............1,255............(265)....-21%
DG........................985..............552..............433......78%
Q.........................970..............903................67.......7%
BBT.....................969............1,036..............(67).....-6%
CVH.....................965..............505..............460......91%
AIZ.....................960..............793..............167......21%
VFC.....................952..............777..............175......23%
AVP.....................945..............914................31.......3%
FITB...................940.............(991)..........1,931.....195%
EOG.....................927..............643..............284......44%
DOV.....................925..............492..............433......88%
DPS.....................921..............868................53.......6%
NEM....................917............2,016.........(1,099)....-55%
LH......................916..............885................31.......4%
XEC.....................914..............303..............611.....202%
MRVL..................910..............343..............567.....165%
ROST...................897..............719..............178......25%
XRX.....................893..............668..............225......34%
HCBK...................892..............874................18.......2%
SAI......................883..............799................84......11%
SWY.....................881............1,021............(140)....-14%
CTSH...................879..............637..............242......38%
ALTR...................868..............306..............562.....184%
LVS.....................856.............(204)..........1,060.....520%
GWW....................854..............707..............147......21%
MAT....................847..............660..............187......28%
GCI.....................846..............570..............276......48%
NYB.....................837..............453..............384......85%
IVZ.....................834..............358..............476.....133%
NFX.....................829..............459..............370......81%
DVA.....................819..............758................61.......8%
ATVI...................818..............401..............417.....104%
ITT.....................818..............810..................8.......1%
HSY.....................809..............671..............138......21%
TAP.....................809..............718................91......13%
GR......................805..............784................21.......3%
KEY.....................793...........(2,298)..........3,091.....135%
SPG.....................793..............652..............141......22%
FISV...................793..............734................59.......8%
UNBC...................793.............(226)..........1,019.....451%
PXD.....................788.............(247)..........1,035.....419%
JNPR...................778..............494..............284......57%
MMC...................769..............552..............217......39%
CIT......................768...........(3,411)..........4,179.....123%
FSLR...................762..............686................76......11%
GPS.....................762..............644..............118......18%
OKE.....................755..............699................56.......8%
BSX......................754...........(1,308)..........2,062.....158%
EMN....................751..............433..............318......73%
VNO....................751..............109..............642.....589%
ECL.....................748..............620..............128......21%
PCLN...................746..............442..............304......69%
LUV....................745..............164..............581.....354%
SNI......................740..............520..............220......42%
CAM....................733..............643................90......14%
UPL....................723..............241..............482.....200%
CEPH..................719..............517..............202......39%
BCR.....................718..............672................46.......7%
MCO....................714..............646................68......11%
PSA.....................689..............798............(109)....-14%
ORLY..................689..............497..............192......39%
CF.......................688..............696................(8).....-1%
NYX....................686..............265..............421.....159%
ARW....................679..............189..............490.....259%
SHW....................678..............623................55.......9%
MSI....................677.............(503)..........1,180.....235%
EXCO..................674.............(506)..........1,180.....233%
CBE....................665..............483..............182......38%
APH....................664..............447..............217......49%
PCAR..................660..............109..............551.....506%
SANT...................653.............(982)..........1,635.....166%
ESV.....................645..............935............(290)....-31%
MJN....................634..............587................47.......8%
DLTR...................630..............508..............122......24%
CHRW..................624..............587................37.......6%
EXPE...................621..............458..............163......36%
GME....................621..............589................32.......5%
FIS.....................616..............164..............452.....276%
ESI.....................614..............491..............123......25%
BG......................610..............145..............465.....321%
ICE.....................610..............494..............116......23%
BLL....................606..............537................69......13%
NIHD..................598..............586................12.......2%
CVC....................591..............456...............135......30%
FB......................588..............283..............305.....108%
KBR....................586..............532................54......10%
SUN....................586.............(617)..........1,203.....195%
WHR...................586..............294..............292......99%
JCP......................581..............403..............178......44%
WLT....................578..............184..............394.....214%
ISRG...................572..............396..............176......44%
EXPD..................564..............403..............161......40%
WYND.................563..............493................70......14%
FNF....................562..............345..............217......63%
FLR....................560............1,137............(577)....-51%
AAP...................557..............432..............125......29%
AMT...................556..............421..............135......32%
MAR...................551..............334..............217......65%
AA.....................548...........(1,498)..........2,046.....137%
RCL....................547..............162..............385.....238%
TIF.....................547..............390..............157......40%
SIAL...................544..............490................54......11%
WLL....................541.............(163).............704.....432%
CE......................538..............251..............287.....114%
FTI.....................538..............518................20.......4%
PBI.....................535..............693............(158)....-23%
FLS.....................530..............585..............(55).....-9%
NDAQ..................526..............391..............135......35%
NWL....................519..............428...............91......21%
URS.....................514..............468...............46......10%
CYH....................508..............446...............62......14%
WIN....................505..............546..............(41).....-8%
LCC.....................502.............(243).............745.....307%
HSIC...................502..............453................49......11%
CNX....................468..............788............(320)....-41%
AMD...................363.............(834)..........1,197.....144%
HBAN.................352...........(1,071)..........1,423.....133%
UAL...................250.............(672).............922.....137%
WY.....................213.............(728).............941.....129%
AIG.....................169..........(13,036)........13,205.....101%
GNW.....................76.............(792).............868.....110%
STI........................21...........(1,699)..........1,720.....101%
ETFL.....................(3)............(816).............813.....100%
MMI......................(4)..........(1,335)..........1,331.....100%
BC.......................(85)............(685).............600......88%
AXAF.................(119)..........(4,582)..........4,463......97%
CSE....................(161)............(775).............614......79%
TEX....................(238)............(524).............286......55%
SPLF..................(253)............(889).............636......72%
MGIC..................(359)..........(1,765)..........1,406......80%
X........................(385)..........(1,845)..........1,460......79%
ZION..................(403)..........(1,664)..........1,261......76%
AMR...................(506)..........(1,752)..........1,246......71%
CRYS..................(513)..........(8,325)..........7,812......94%
BX......................(523)..........(2,291)..........1,768......77%
PHM...................(579)..........(1,412).............833......59%
FRSC...................(661)..........(1,449).............788......54%
CCMO..................(683)..........(1,136).............453......40%
FIG....................(727)............(914).............187......20%
MGM..................(741)............(317)...........(424)...-134%
SNV...................(849)..........(1,606).............757......47%
RF.....................(885)..........(1,202).............317......26%
M&I...................(901)..........(1,396).............495......35%
1STD................(1,171)..........(1,434).............263.....-18%
CAES................(1,215)............(830)...........(385)....-46%
RDN.................(1,580)............(242)........(1,338)...-553%
HSBF................(2,906)..........(7,466)..........4,560......61%
S......................(3,299)..........(3,494).............195.......6%
FNM...............(14,100)........(73,007).......58,907......81%
FRE................(14,882).........(22,384).........7,502......34%

Total all 332..924,872........454,936......469,936.....103%

Yeah, the Total Pretax Income of these 332 US Big Corps more than doubled (up 103%) in the fiscal year end Dec 2010 or Jan 2011 over the previous year.

When you exclude Fannie Mae and Freddie Mac, the Pretax Income of the remaining 330 US Big Corps is still up an incredible 73%.

And about half of the country doesn't think the Obama Administration has helped US large businesses!

So just how have these US Big Corps paid the country back for the incredibly robust economic environment that the Obama Administration has created for them and permitted their profits to flat out flourish?

Well, they haven't. Many of these US Big Corps slashed jobs worldwide in 2010, and the ones that added jobs, the number jobs added were so incredibly modest, especially those jobs added in the US.

From information disclosed in their annual reporting with the SEC, below here are the Worldwide Number of Jobs that each of these 332 US Big Corps had at the end of December 2010 and 2009 or at the end of January 2011 and 2010. This schedule also compares the Worldwide Number of Jobs (Slashed) or Added in 2010 with the Pretax Income Increase (Decrease) in 2010.

..................................................................2010..............2010
............................WW#..........WW#...........WW#.............Pretax
.......................Employees..Employees......Jobs...............Profit
............................FYE............FYE........(Slashed)..........Increase
..........................Dec10.........Dec09........Added...........(Decrease)
.............................or...............or...............by....................of.....
..........................Jan11..........Jan10..."Job Creators"."Job Creators"
…………………………………………………………………….............mils of $s
US Big Corp Job Slashers in 2010
AIG..................63,000.......96,000......(33,000)...........13,205
VZ..................194,400......222,900......(28,500)...............515
GE..................287,000.....304,000......(17,000)............4,213
KBR..................35,000.......51,000......(16,000).................54
T.....................265,410......281,000......(15,590).............(280)
KFT(1)............127,000......141,798......(14,798).............(304)
F.....................164,000......177,000......(13,000)..........10,117
GM..................202,000......215,000......(13,000)..........31,396
KO(2)...............139,600......151,800......(12,200)...............763
CVS.................201,000......211,000......(10,000).............(284)
LMT.................132,000......140,000.......(8,000).............(404)
MAR................129,000......137,000.......(8,000)...............217
UPS.................400,600......408,000.......(7,400)............2,157
MRK..................94,000......100,000.......(6,000)..............447
SWY................180,000......186,000.......(6,000)..............(140)
PFE.................110,600......116,500.......(5,900)...............1,695
C.....................260,000.....265,300.......(5,300)............23,383
HSBF...................6,650........11,900.......(5,250)..............4,560
CMCSA............102,000.....107,000.......(5,000)................998
LOW................161,000......166,000.......(5,000)................403
PNC..................44,817.........49,761.......(4,944)...............1,912
ALLY................14,400........18,800.......(4,400)..............8,138
LLL..................63,000........67,000.......(4,000)..................98
RDS..................97,000......101,000.......(4,000)...........14,324
HD...................189,390......193,370.......(3,980)..............1,291
NOC................117,000......120,700.......(3,700)................560
CBE..................24,800........28,200.......(3,400).................182
RTN.................72,000........75,000.......(3,000)...............(498)
WLP.................37,500........40,500.......(3,000)................743
SAI..................43,400........46,200.......(2,800)...................84
DOW.................49,505........52,195.......(2,690)...............2,333
DISH................22,000........24,500.......(2,500).................393
GCI..................32,600........35,000.......(2,400).................276
XOM(3)...........103,700......106,035.......(2,335).............18,182
PBI..................30,700........33,004.......(2,304)................(158)
UAL.................86,000........88,300.......(2,300).................922
LLY..................38,350........40,360.......(2,010).................483
CVX.................62,000........64,000.......(2,000)............13,527
MSI..................51,000........53,000.......(2,000)..............1,180
Q......................28,343........30,138........(1,795)...................67
BAX.................48,000........49,700.......(1,700)................(256)
GD...................90,000........91,700.......(1,700).................277
PPG..................38,300........39,900.......(1,600).................678
JNJ.................114,000......115,500.......(1,500)...............1,192
PHM...................4,363..........5,700.......(1,337)..................833
RIG..................18,050........19,300.......(1,250)..............(2,204)
SPLS.................52,919........54,149.......(1,230)..................201
HIG..................26,800........28,000.......(1,200)...............4,145
DAL..................80,000........81,106.......(1,106)...............2,679
ESRX.................13,170........14,270.......(1,100).................601
KEY..................15,610........16,698.......(1,088)...............3,091
AET..................34,000........35,000.......(1,000)................743
AIZ..................14,000........15,000.......(1,000).................167
ALL..................35,000........36,000.......(1,000)...............(122)
BBT..................31,400........32,400.......(1,000)..................(67)
BMY.................27,000........28,000.......(1,000)................697
BSX..................25,000........26,000.......(1,000)..............2,062
DGX..................42,000........43,000.......(1,000)................(44)
FISV.................19,000........20,000.......(1,000).................59
GPS.................134,000......135,000.......(1,000)................166
MGM.................45,000........46,000.......(1,000)..............(424)
MMC..................51,000........52,000.......(1,000)...............217
RSG..................30,000........31,000.......(1,000)................176
SUN..................10,200........11,200.......(1,000)..............1,203
X......................42,000........43,000.......(1,000)..............1,460
CNA....................8,000..........8,900.........(900).................572
PRU..................41,044........41,943..........(899)...............2,870
LYB..................14,000........14,860..........(860)...............2,834
HSY..................11,300........12,100..........(800).................138
MTB..................12,031........12,802..........(771).................574
RAI....................5,700..........6,400..........(700)..................91
RF....................27,829........28,509..........(680).................317
AMR.................78,250........78,900..........(650).............1,246
UNP..................42,884........43,531..........(647)..............1,459
VLO..................20,313........20,920..........(607).............1,592
BP....................79,700........80,300..........(600)..........10,986
SPLF...................5,900..........6,500..........(600)...............636
WM...................42,800........43,400..........(600)...............158
CIT.....................3,778..........4,293..........(515)..............4,179
BLL..................14,000........14,500..........(500)..................69
CVC..................16,350........16,795..........(445).................135
1STD.................24,500........24,900..........(400)................263
CVH..................14,000........14,400..........(400)................460
DVN....................5,000..........5,400..........(400).............1,686
LCC..................30,900........31,300..........(400)................745
SLM....................7,600..........8,000..........(400).............1,161
NYX....................2,968..........3,367..........(399)................421
SCCO.................11,126.........11,523..........(397).............1,027
COP..................29,700........30,000..........(300)............5,770
K......................30,600........30,900..........(300).................58
YHOO................13,600........13,900..........(300)...............642
SNV....................6,109..........6,385..........(276)................757
M&I....................9,137..........9,410..........(273)................495
AON(4)..............59,000........59,200..........(200)...............110
CBS...................25,380........25,580..........(200)................569
DISCA.................4,200..........4,400..........(200)...............284
DOV....................5,300..........5,500..........(200)..............(532)
ITT..................40,000........40,200..........(200)...................8
UNM...................9,500..........9,700..........(200).................39
COF..................27,826.........28,000..........(174).............2,994
NIHD................13,500........13,673..........(173)..................12
FITB.................20,838........20,998..........(160)..............1,931
CE......................7,250..........7,400..........(150)................287
AFL....................7,919..........8,057..........(138)..............1,350
BTU....................7,200..........7,300..........(100)................461
CB....................10,100........10,200..........(100)..................26
ETFL...................3,000..........3,100..........(100)................813
L......................18,400........18,500..........(100).................136
NWL.................19,400........19,500..........(100)..................91
FRE.....................5,231..........5,323...........(92)..............7,502
NYB....................3,883..........3,970...........(87).................384
MHP.................21,000........21,077...........(77).................160
EP......................4,937..........4,991............(54)..................277
CSE.......................625.............665............(40)..................614
RDN......................767.............803............(36)............(1,338)
NSC..................28,559........28,593............(34).................745
PGR..................24,638........24,661............(23)....................8
MGIC...................1,010..........1,020...........(10).............1,406
ZION.................10,524........10,529............(5)...............1,261
Totalall119..6,491,683..6,832,962..(341,279)......235,219

US Big Corps Not Slashing Jobs in 2010
AA................59,000.........59,000.............0...............2,046
AAP...............29,000.........29,000.............0.................125
CAES..............69,000.........69,000.............0................(385)
CSX...............30,000.........30,000.............0.................800
DPS...............19,000.........19,000.............0..................53
EMN...............10,000.........10,000.............0.................318
ERIE...............4,200..........4,200.............0.................475
ETN...............70,000.........70,000.............0.................733
FLS...............15,000.........15,000.............0.................(55)
GME...............17,000.........17,000.............0..................32
HSBC..............12,000.........12,000.............0...............2,599
KSS...............29,000.........29,000.............0.................194
LO.................2,700..........2,700.............0.................116
MMI...............19,000.........19,000.............0...............1,331
MO................10,000.........10,000.............0.................846
PSA................4,900..........4,900.............0................(109)
S.................40,000.........40,000.............0.................195
TRV...............32,000.........32,000.............0................(405)
TWX...............31,000.........31,000.............0.................682
WLT................2,100..........2,100.............0.................394
WMT........2,100,000....2,100,000.............0.............1,420
AXAF...............9,509..........9,508.............1...............4,463
UPL..................108.............94............14.................482
XEC..................775............756............19.................611
NLY..................114.............87............27................(696)
LNC................8,270..........8,208............62...............1,025
HCBK...............1,462..........1,387............75..................18
WLL..................561............481............80.................704
FIG..................900............819............81.................187
OKE................4,839..........4,758............81..................56
PX................26,261.........26,164............97.................240
APC................4,400..........4,300...........100...............2,507
BIIB...............4,850..........4,750...........100.................142
CTL...............20,300.........20,200...........100.................717
SE.................5,500..........5,400...........100.................235
ICE..................933............826...........107.................116
AXAE...............5,253..........5,139...........114...............6,094
ALTR...............2,666..........2,551...........115.................562
KKR..................698............582...........116.................963
TAP...............14,660.........14,540...........120..................91
EXCO.................927............802...........125...............1,180
NBL................1,772..........1,630...........142.................835
BX.................1,440..........1,295...........145...............1,768
GILD...............4,000..........3,852...........148.................412
SIAL...............7,890..........7,740...........150..................54
LUV...............34,901.........34,726...........175.................581
NDAQ...............2,395..........2,216...........179.................135
VNO................4,780..........4,597...........183.................642
EOG................2,290..........2,100...........190.................284
MUR................3,460..........3,261...........199.................381
AMGN..............17,400.........17,200...........200.................113
LBZ................6,900..........6,700...........200.................278
NEM................5,900..........5,700...........200...............1,043
SNI................2,000..........1,800...........200.................220
SPG................3,500..........3,300...........200.................141
WU.................7,000..........6,800...........200..................13
SNDK...............3,469..........3,267...........202.................953
NFX................1,352..........1,148...........204.................370
WMB................5,022..........4,801...........221.................409
TROW...............5,052..........4,802...........250.................381
CHRW...............7,628..........7,347...........281..................37
BC................15,290.........15,003...........287.................600
RCL................5,200..........4,900...........300.................385
AMT................1,729..........1,420...........309.................135
CME................2,570..........2,260...........310.................284
FB................24,600.........24,248...........352.................305
PXD................2,248..........1,888...........360...............1,035
SWN................2,088..........1,702...........386.................139
ISRG...............1,660..........1,263...........397.................176
LTD...............17,500.........17,100...........400.................462
NTRS..............12,800.........12,400...........400................(265)
SCHW..............12,800.........12,400...........400................(177)
TEX...............16,300.........15,900...........400.................286
ESV................2,752..........2,347...........405................(290)
BLK................9,127..........8,629...........498...............1,749
ECL...............26,500.........26,000...........500.................128
GNW................6,500..........6,000...........500.................868
GPS...............29,500.........29,000...........500.................118
GWW...............17,000.........16,500...........500.................147
HES...............13,800.........13,300...........500...............1,113
MA.................5,600..........5,100...........500.................539
MCO................4,500..........4,000...........500..................68
TWC...............47,500.........47,000...........500.................284
DLTR..............13,060.........12,480...........580.................122
ATVI...............7,600..........7,000...........600.................417
ZMH................8,800..........8,200...........600..................(7)
CNX................8,630..........8,012...........618................(320)
MRVL...............5,893..........5,241...........652.................567
AMP...............10,472..........9,793...........679.................674
ORLY..............31,070.........30,379...........691.................192
AMD...............11,100.........10,400...........700...............1,197
BCR...............11,700.........11,000...........700..................46
CEPH...............3,726..........3,026...........700.................202
ROST..............14,000.........13,300...........700.................178
IVZ................5,617..........4,890...........727.................476
ESI................6,300..........5,500...........800.................123
TIF................9,200..........8,400...........800.................157
WY................14,250.........13,450...........800.................941
MRO...............29,677.........28,855...........822...............1,680
EXPD..............12,880.........12,010...........870.................161
AGN................9,200..........8,300...........900.................300
CF.................2,400..........1,500...........900..................(8)
MJN................6,500..........5,600...........900..................47
OXY...............11,000.........10,100...........900...............2,371
EXPE...............8,900..........7,960...........940.................163
CCMO..............20,283.........19,295...........988.................453
APA................4,449..........3,452...........997...............2,062
ACE...............16,000.........15,000.........1,000.................590
AVP...............42,000.........41,000.........1,000..................31
FNF...............18,200.........17,200.........1,000.................217
FRSC..............19,000.........18,000.........1,000.................788
HSIC..............13,500.........12,500.........1,000..................49
KMB...............57,000.........56,000.........1,000.................(26)
LMED..............24,000.........23,000.........1,000.................937
NEM...............15,500.........14,500.........1,000..............(1,099)
PBLX..............70,000.........69,000.........1,000.................264
PM................78,300.........77,300.........1,000...............1,081
STJ...............15,000.........14,000.........1,000.................152
UNBC..............10,715..........9,676.........1,039...............1,019
STI...............29,056.........28,001.........1,055...............1,720
HBAN..............11,341.........10,272.........1,069...............1,423
CL................39,200.........38,100.........1,100.................163
FTI...............11,500.........10,400.........1,100..................20
SANT..............10,515..........9,391.........1,124...............1,635
MS................62,542.........61,388.........1,154...............5,219
CLF................6,567..........5,404.........1,163...............1,007
CI................30,600.........29,300.........1,300.................(28)
EBAY..............17,700.........16,400.........1,300.................669
FCX...............29,700.........28,400.........1,300...............2,696
FNM................7,300..........6,000.........1,300..............58,907
VFC...............47,000.........45,700.........1,300.................175
STT...............28,670.........27,310.........1,360................(439)
CELG...............4,182..........2,813.........1,369.................123
PCLN...............3,400..........2,010.........1,390.................304
ARW...............12,700.........11,300.........1,400.................490
CAM...............19,500.........18,100.........1,400..................90
DTV...............23,200.........21,800.........1,400...............1,189
FSLR...............6,100..........4,700.........1,400..................76
SYK...............20,036.........18,582.........1,454.................106
UTX..............208,200........206,700.........1,500.................778
MHS...............23,425.........21,900.........1,525.................231
JNPR...............8,772..........7,231.........1,541.................284
BRCM...............8,950..........7,407.........1,543...............1,025
DHR...............48,200.........46,600.........1,600.................627
GR................25,600.........24,000.........1,600..................21
CHK...............10,000..........8,200.........1,800...............1,172
TMO...............37,200.........35,400.........1,800.................238
WYND..............26,400.........24,600.........1,800..................70
TXN...............28,412.........26,584.........1,828...............2,534
AES...............29,000.........27,000.........2,000.................267
DD................60,000.........58,000.........2,000...............1,527
FIS...............33,000.........31,000.........2,000.................452
IR................59,000.........57,000.........2,000.................418
ITW...............61,000.........59,000.........2,000.................892
JCP..............156,000........154,000.........2,000.................178
URS...............47,000.........45,000.........2,000..................46
USB...............60,584.........58,229.........2,355...............1,568
DVA...............36,500.........34,000.........2,500..................61
OMC...............65,500.........63,000.........2,500..................76
PCAR..............17,700.........15,200.........2,500.................551
AXP...............61,000.........58,300.........2,700...............3,123
DOV...............32,000.........29,300.........2,700.................433
GLW...............26,200.........23,500.........2,700...............1,911
INTC..............82,500.........79,800.........2,700..............10,341
WIN...............10,086..........7,385.........2,701.................(41)
BRKA.............260,000........257,000.........3,000...............7,499
LH................31,000.........28,000.........3,000..................31
SHW...............32,228.........29,220.........3,008..................55
FLR...............39,229.........36,152.........3,077................(577)
NOV...............35,584.........32,423.........3,161.................189
GS................35,700.........32,500.........3,200..............(6,937)
IP................59,500.........56,160.........3,340...............1,068
BA...............160,500........157,100.........3,400...............2,776
TRW...............61,300.........57,500.........3,800.................901
YUM...............52,920.........49,000.........3,920.................198
BAC..............288,000........284,000.........4,000...............6,717
JWN...............52,000.........48,000.........4,000.................295
KR.............. 338,000........334,000.........4,000..................32
MAT.............. 31,000.........27,000.........4,000.................187
TGT..............355,000........351,000.........4,000.................623
WHR...............71,000.........67,000.........4,000.................292
CRYS..............51,623.........47,326.........4,297...............7,812
BHI...............53,100.........48,800.........4,300.................671
CMI...............39,200.........34,900.........4,300.................977
GOOG..............24,400.........19,835.........4,565...............2,415
WFC..............272,200........267,300.........4,900...............1,003
HCA..............146,000........141,000.........5,000.................309
M................166,000........161,000.........5,000.................813
MMM...............80,057.........74,835.........5,222...............1,123
EMC...............48,500.........43,200.........5,300...............1,233
CYH...............64,000.........58,555.........5,445..................62
BK................48,000.........42,200.........5,800...............5,902
DELL.............100,300.........94,300.........6,000...............1,326
DG................85,900.........79,800.........6,100.................433
XRX..............136,500........130,000.........6,500.................225
APH...............39,100.........32,200.........6,900.................217
HAL...............58,000.........51,000.........7,000.................973
LVS...............34,000.........27,000.........7,000...............1,060
UNH...............87,000.........80,000.........7,000...............1,575
BG................33,021.........25,945.........7,076.................465
HUM...............35,200.........28,100.........7,100.................148
PEP(5)...........294,000........286,600.........7,400.................213
HON..............130,000........122,000.........8,000.................794
SLB(6)...........108,000.........98,931.........9,069.................(48)
AMZN..............33,700.........24,300.........9,400.................336
CAT..............104,000.........93,813........10,187...............3,181
MET...............66,000.........54,000........12,000...............8,292
TJX..............166,000........154,000........12,000.................212
MCD..............400,000........385,000........15,000.................513
JPM..............239,831........222,316........17,515...............8,792
ABT(7)............90,700.........73,000........17,700................(252)
CTSH(8)..........104,000.........78,400........25,600.................242
IBM(9)...........426,751........399,409........27,342...............1,585

Total all 332..17,612,288...17,486,002...126,286...........469,936

Total % Increase in WW Net Jobs Added in 2010....0.72%

KFT(1) Kraft Dec 2009 Number of Employees include Cadbury, which was acquired in 2010.
KO(2) Coca-Cola Dec 2009 Number of Employees include those in Coca-Cola Enterprises in North America, which was acquired in 2010.
XOM(3) Exxon Mobil Dec 2009 Number of Employees include those of XTO Energy, which was acquired in 2010.
AON(4) AON Dec 2009 Number of Employees include those of Hewitt Associates, which was acquired in 2010.
PEP(5) Pepsico Dec 2009 Number of Employees include those of both Pepsi Bottling and Pepsi Americas, both of which were acquired in 2010.
SLB(6) Schlumberger Dec 2009 Number of Employees include those of Smith Intl, which was acquired in 2010.
ABT(7) Abbott Labs' large increase in Number of Employees in 2010 is artificial, since there was a huge acquisition in 2010 of Solvay's Pharma segment. Abbott Labs paid $6.1 bil for this acquisition.
CTSH(8) Cognizant Technology has 83,000 of its 104,000 employees located in the Asia Pacific area.
IBM(9) IBM's largest increase in Number of Employees in 2010 is at least somewhat artificial, since it made 17 acquisition in 2010 for a total cost of $6.5 bil.

I find it incredible that 119 of these 332 US Big Corps actually slashed Worldwide Jobs in 2010.

And how many Worldwide Jobs were slashed by these 119 US Big Corps? An amazing 341,279 jobs.

And while these 119 US Big Corps were slashing these 341,279 jobs, their Total Pretax Profits increased by a staggering $235 bil in 2010. Go Figure!

The US Congress, especially members that are wholehearted supporters of US Big Corps, has incredibly low favorable ratings. which have been continually plummeting.

With US Big Corp CEOs and CFOs continuing to act so greedily and cruelly to workers, I am certain that you will be seeing their already low favorable ratings drop even further, and dramatically so.

Let me focus on Big Oil, included in the above numbers. And specifically on just the ones that have more than 10,000 employees and are in the two following SEC industry categories: Crude Petroleum and Petroleum Refining.

Here are these ten Big Oil Corps, and comparison of their jobs added (slashed) and the amount of their profit increase, both in 2010.

..................................................................2010..............2010
............................WW#..........WW#...........WW#.............Pretax
.......................Employees..Employees......Jobs...............Profit
............................FYE............FYE........(Slashed)..........Increase
..........................Dec10.........Dec09........Added...........(Decrease)
.............................or...............or...............by....................of.....
..........................Jan11..........Jan10..."Job Creators"."Job Creators"
…………………………………………………………………….............mils of $s

RDS.................97,000.......101,000......(4,000)............14,324
XOM...............103,700......106,035......(2,335).............18,182
CVX.................62,000........64,000......(2,000)............13,527
SUN.................10,200........11,200.......(1,000)..............1,203
VLO.................20,313........20,920..........(607)..............1,592
BP...................79,700........80,300..........(600)............10,986
COP.................29,700........30,000..........(300).............5,770
HES.................13,800........13,300............500...............1,113
MRO................29,677........28,855............822...............1,680
OXY.................11,000........10,100...........900...............2,371

Total all 10.....457,090......465,710.....(8,620)...........70,748

Yeah, that's right, a total of 8,620 worldwide jobs slashed in 2010, while at the same time, they increased their total Pretax Profits by $70.7 bil in 2010. Where's the economic fairness here?

But the worldwide job cuts of these 10 Big Oil Corps were much more pronounced in 2009 than they were in 2010. While these 10 Big Oil Corps slashed 8,620 worldwide jobs in 2010, they slashed an additional 26,644 in 2009. Thus, they reduced their employee count by 35,264, or by 7%, in the two years from 2008 to 2010. Here are the numbers:

BP..............(12,300)
COP..............(4,100)
CVX.............(5,000)
HES..................300
MRO................(683)
OXY.................600
RDS..............(5,000)
SUN..............(3,500)
VLO..............(1,452)
XOM..............(4,129)

Total all 10...(35,264)

Anyway, so overall, there were a worldwide net jobs added by these 332 US Big Corps of a very meager 126,286 in 2010, or an increase in jobs of only 0.7%.

But you know what, it gets worse on the US job depression front.

So many of these 332 US Big Corps made numerous business acquisitions in 2010. When a US Big Corp makes a business acquisition, it picks up additional jobs. But this isn't real job creation to the US and global economies.

Thus, my hunch is that instead of having 126,286 real jobs added, the more salient measure of true job additions to the US and global economies by these 332 US Big Corps, exclusive of those by artificial acquisitions, was not a net job addition at all, but instead of slashing of jobs.

Also, many of the large retailing companies had net job increases in 2010. However, the overwhelming portion of these net job adds were really "jobettes" added, which is the addition of part-time, temporary, seasonal, and independent contractor employees, which all have low pay, and even lower employee benefits.

But it gets even much worse on the US job depression situation when you just focus on the jobs created just in the US.

Of these 332 US Big Corps, 153 of them either disclosed their Number of US jobs separately, or have an overwhelming portion of their operations in the US. Thus for the latter predominantly US Big Corps, I used the worldwide Number of Jobs in the below chart.

Of these 153 US Big Corps, 66 of them slashed a total of 156,086 US jobs in 2010, or a huge 5% reduction. All 153 combined, slashed US jobs by a net of 64,346 in 2010.

And the real US job slashing by these 153 US Big Corps was substantially higher due to so many of them getting net job adds by making so many business acquisitions.

Below here are these 153 US Big Corps, and their Number of US Jobs at the end of 2010 and 2009:

...........................................................................2010...
.................................US#................US#..............US#......
............................Employees.....Employees.........Jobs.....
.................................FYE...............FYE...........(Slashed)..
...............................Dec10............Dec09...........Added....
..................................or..................or..................by.......
...............................Jan11.............Jan10......"Job Creators"
US Big Corp US Job Slashers in 2010

VZ........................194,400.........222,900........(28,500)
T...........................265,410.........281,000........(15,590)
CVS......................201,000.........211,000........(10,000)
UPS......................330,600.........340,000.........(9,400)
YUM.......................64,260...........73,500.........(9,240)
LMT......................132,000.........140,000.........(8,000)
HSBF.........................6,650...........11,900.........(5,250)
CMCSA.................102,000.........107,000.........(5,000)
LOW......................161,000.........166,000.........(5,000)
PNC.........................44,817...........49,761.........(4,944)
MRK.......................37,600...........42,000.........(4,400)
LLL.........................52,290...........56,280.........(3,990)
NOC......................117,000.........120,700.........(3,700)
RTN........................72,000...........75,000.........(3,000)
WLP........................37,500...........40,500.........(3,000)
DISH.......................22,000...........24,500.........(2,500)
LLY.........................17,650...........20,060.........(2,410)
PBI..........................21,600...........23,465.........(1,865)
Q.............................28,343............30,138.........(1,795)
BLL...........................8,900...........10,500.........(1,600)
CVX........................30,000...........31,500.........(1,500)
IP............................36,120...........37,500.........(1,380)
PHM..........................4,363.............5,700.........(1,337)
HIG.........................26,800............28,000........(1,200)
KEY.........................15,610............16,698.........(1,088)
ESRX.......................12,950............14,020.........(1,070)
RSG........................30,000............31,000.........(1,000)
GE.........................133,000..........134,000.........(1,000)
AET........................34,000............35,000.........(1,000)
HON.......................53,000............54,000.........(1,000)
DGX.......................42,000............43,000.........(1,000)
ALL.......................35,000............36,000.........(1,000)
BSX........................15,000............16,000.........(1,000)
BBT........................31,400............32,400.........(1,000)
SUN.......................10,200............11,200.........(1,000)
FIS........................14,000............15,000.........(1,000)
FISV......................19,000............20,000........(1,000)
CNA.........................8,000.............8,900...........(900)
MTB........................12,031............12,802...........(771)
BP..........................22,100............22,800...........(700)
RAI.........................5,700..............6,400...........(700)
RF..........................27,829............28,509...........(680)
UNP.......................42,884.............43,531...........(647)
WM........................42,800............43,400...........(600)
CVC........................16,350............16,795...........(445)
CVH.......................14,000............14,400...........(400)
SLM.........................7,600.............8,000...........(400)
CIT...........................2,750.............3,067...........(317)
SNV..........................6,109.............6,385...........(276)
M&I..........................9,137.............9,410...........(273)
AFL..........................3,903.............4,111............(208)
FITB.......................20,838...........20,998...........(160)
CE.............................2,350.............2,500...........(150)
PX...........................10,183............10,315...........(132)
ETFL........................3,000..............3,100...........(100)
FRE..........................5,231...............5,323.............(92)
NYB.........................3,883...............3,970.............(87)
CEPH........................2,026..............2,107.............(81)
PRU.......................20,036............20,094.............(58)
CSE.............................625.................665.............(40)
RDN............................767................803.............(36)
NSC........................28,559............28,593.............(34)
PGR........................24,638............24,661.............(23)
MGIC........................1,010.............1,020.............(10)
ZION......................10,524............10,529...............(5)
ALTR........................1,154..............1,156...............(2)
Total all 66....2,815,480....2,971,566......(156,086)

US Big Corps Not Slashing Jobs in 2010
S...........................40,000...........40,000..............0
WMT................1,400,000.......1,400,000..............0
HSBC.....................12,000...........12,000..............0
DPS.......................16,000...........16,000..............0
ERIE.......................4,200............4,200..............0
MO........................10,000...........10,000..............0
CSX.......................30,000...........30,000..............0
LO..........................2,700............2,700..............0
GM........................77,000...........77,000..............0
ZMH........................4,900............4,900..............0
KSS.......................29,000...........29,000..............0
WLT........................2,100............2,100..............0
PSA.........................4,900............4,900..............0
AAP.......................29,000...........29,000..............0
AXAF.......................9,509............9,508..............1
XEC............................775..............756.............19
CCMO.....................15,036...........14,980.............56
LNC.........................8,270............8,208.............62
HCBK.......................1,462............1,387.............75
WLL...........................561..............481.............80
OKE........................4,839............4,758.............81
CTL.......................20,300...........20,200............100
MA.........................3,400............3,300............100
SE..........................2,000............1,900............100
OXY........................7,100............7,000............100
LBZ.........................3,588............3,484............104
AXAE......................5,253............5,139............114
EXCO..........................927..............802............125
SIAL.......................4,070............3,920............150
LUV.......................34,901...........34,726............175
NFX........................1,229............1,047............182
VNO........................4,780............4,597............183
AVP........................6,200............6,000............200
SNI........................2,000............1,800............200
SPG........................3,500............3,300............200
BLK........................5,330............5,097............233
PCLN.........................750..............493............257
EXPD.......................4,410............4,130............280
CHRW......................7,628............7,347............281
DHR.......................21,400...........21,100............300
DELL......................36,900...........36,600............300
AGN........................4,600............4,300............300
TIF.........................5,200............4,900............300
FTI.........................3,500............3,200............300
CME........................2,570............2,260............310
NDAQ.......................1,313..............978............335
NEM........................1,298..............912............386
GLW.......................10,600...........10,200............400
SCHW......................12,800...........12,400............400
LTD.......................17,500...........17,100............400
TWC.......................47,500...........47,000............500
UTX.......................72,870...........72,345............525
DLTR......................13,060...........12,480............580
TEX.........................5,600............5,000............600
ORLY......................31,070...........30,379............691
VFC.......................20,300...........19,600............700
ROST......................14,000...........13,300............700
ESI..........................6,300............5,500............800
PBLX.....................70,000...........69,000..........1,000
FNF.......................18,200...........17,200..........1,000
UNBC.....................10,715............9,676..........1,039
STI........................29,056...........28,001..........1,055
HBAN.....................11,341...........10,272..........1,069
SANT.....................10,515............9,391..........1,124
CELG.......................2,909............1,762..........1,147
FNM........................7,300............6,000..........1,300
GR.........................16,300...........15,000..........1,300
EBAY......................11,100............9,700..........1,400
MMM......................32,955...........31,513..........1,442
INTC......................45,375...........43,890..........1,485
WYND....................18,300...........16,800..........1,500
MHS.......................23,425...........21,900..........1,525
CHK.......................10,000............8,200..........1,800
JCP......................156,000..........154,000..........2,000
USB........................60,584...........58,229..........2,355
DVA.......................36,500...........34,000..........2,500
WIN.......................10,086............7,385..........2,701
LH.........................31,000...........28,000..........3,000
JWN.......................52,000...........48,000..........4,000
TGT......................355,000..........351,000..........4,000
CAT........................47,319...........43,251..........4,068
HCA......................146,000..........141,000..........5,000
M.........................166,000..........161,000..........5,000
CYH.......................64,000...........58,555..........5,445
DG..........................85,900...........79,800..........6,100
UNH.......................87,000...........80,000..........7,000
HUM.......................35,200...........28,100..........7,100

Total all 153....6,613,559......6,677,905.....(64,346)

When you look at the very last part of this list, which shows the US Big Corps with some very healthy US job creation in 2010, I think a couple of salient comments should be pointed out.

First, the health insurance corps and hospital and related health care service corps are clearly here, with 6 of the top 12 US job creators in 2010 being in US Big Corps in the health care industry.

These 6 huge Health Care Corps are Health Insurance giants Humana (HUM) and United Health (UNH), Hospital giants HCA and Community Health Systems (CYH), Kidney Dialysis Service Provider Davita (DVA), and Medical Lab Services Provider Lab Corp of America (LH).

All of these 6 Health Care Corps are benefiting immensely from the new, much unfairly maligned Affordable Health Care legislation, which is actually also acting as a highly-charged US full-time jobs creation engine.

Second, the retail industry comprises 5 of the top 14 US job creators here in 2010. These 5 are Dollar General (DG), Macy's (M), Target (TGT), Nordstrom (JWN), and JC Penney (JCP). The problem here is that in all 5 cases, the overwhelming portion of the US jobs created are really low-paying, no employee benefit, temporary, part-time "jobettes."

And third, Windstream's job creation is driven by many large acquisitions made in 2010.

Also, as you can see from the above charts, GE job creation was just horrible in 2010. Let me give a longer term perspective on the Number of US Employees GE had at the end of the respective years below.

2000 (end of Clinton Presidency)...168,000
2008..............................................152,000
2009..............................................134,000
2010..............................................133,000

Yeah, GE's US Number of Employees have dropped by 35,000, or by an incredible 21%, in the past decade.

And the Obama Administration picks the CEO of GE to head its effort to create US Jobs? Give me a break. GE CEO Jeffrey Immelt's primary objective is to see to it that President Obama is defeated in November 2012.

After all, at the end of 2010, GE has $94 bil of unremitted foreign earnings, income taxed at extremely low tax rates in foreign jurisdictions, parked overseas, which GE lobbyists are vehemently pushing to be allowed to be repatriated back to the US at an extremely low US federal income tax rate.

And don't think it's just Republicans who are for this tax holiday on foreign earnings repatriation by US Big Multinational Corps, the 1%ers. So are many normally progressive Democrats like US Senators Chuck Schumer and Barbara Boxer. The major beneficiaries of the foreign earnings repatriation tax holdiay are US Big Corps headquartered in their States (New York and California). This just shows how quickly high principles can easily succumb to US Big Corp demands.

From my close analysis, the 3 Democratic US Senators who are clearly US Big Corp supporters are Virginia's Mark Warner, Montana's Max Baucus, and Nebraska's Ben Nelson.

Warner even voted last year to retain US Big Corp tax incentives for shipping US jobs overseas.

And Baucus has been the top Democrat on the critical US Senate Finance Committee all throughout the past decade, when the huge wealth gap between the 1% and the 99% has substantially widened. When US Big Corps talk, Baucus listens.....and continually caves in to their demands.

And fortunately for progressives, Nelson, a huge health insurance industry and consistent US Big Corp supporter, is leaving the US Senate. Nebraska used to have giants in the US Senate, like Republican Chuck Hegel and Democrat Bob Kerrey. They now have Senators there of the same quality as Kentucky's twosome: huge Citizens United supporter Mitch McConnell and just one issue (debt reduction), seemingly from another planet Rand Paul.

This gives you a clue as to why the Occupy Movement is focusing on all of the US Congress, not just on the Republicans. Although they publicly say otherwise, facilitators of economic injustice are widespread all throughout the US Congress. Don't listen to what they say.....watch how they vote.

And Immelt's predecessor, former GE CEO Jack Welch, has precisely the same primary objective of having Obama go down in November 2012. They, like so many other US Big Corp CEOs and CFOs, as well as numerous members of the Board of Directors, of US Big Corps, are fierce advocates for the further expansion of the gargantuan wealth gap between the 1% and the 99%.

From their audited financial statements and related income tax footnotes filed with the SEC, here's GE Consolidated Pretax Income and US Federal Income Taxes Paid or (Tax Benefits Received) during the 8 Clinton Presidential Years from 1993 to 2000, and then during the 10 subsequent years from 2001 to 2010, with the bulk of these later years being the 8 Bush/Cheney Presidential Years from 2001 to 2008:

..............................................................US Federal........Effective
....................................Consolidated....Income Tax.....US Fed Inc
...................................Pretax Income..Paid(Benefit).Tax Rate Paid
..........................................(in millions of dollars)
Clinton Presidential Years
1993.................................6,136................1,126
1994.................................8,661................1,299
1995.................................9,737...............1,409
1996...............................10,806..................971
1997...............................11,179................1,176
1998...............................13,477................1,459
1999...............................15,577................1,632
2000..............................18,446................3,005...........16.3%
Total Clinton 8 Yrs......94,019..............12,077...........12.8%

Subsequent 10 Years
2001.............................19,701.................2,514
2002.............................18,891....................137
2003.............................19,904.................1,555
2004.............................20,106.................1,839
2005.............................21,178.................2,755...........13.0%
2006.............................23,330....................514............2.2%
2007.............................26,598......................87............0.3%
2008.............................19,770..................(651)..........(3.3)%
2009...............................9,995..................(833)..........(8.3)%
2010.............................14,208................(3,253)........(22.9)%
Total 10 Yrs 2001-10..193,681.................4,664............2.4%

Yeah, that's right, during the 8 years of the Clinton Presidency, GE Consolidated generated Total Consolidated Pretax Income of $94.0 bil, and paid what seemed like a pretty fair amount of Total US Federal Income Tax of $12.1 bil, which resulted in an effective tax rate paid of 12.8%.

And what has happened in the 10 years since then?.....8 of which were the Bush/Cheney Presidential years, and also most of which had the US House Ways and Means Committee and the US Senate Finance Committee both in Republican control.

Well, in these 10 years from 2000 to 2010, GE Consolidated generated Total Consolidated Pretax Income of $193.7 bil, and paid Total US Federal Income Tax of only $4.7 bil, or an incredibly low effective tax rate paid of 2.4%.

Do you really think that GE wants a Democratic President in 2012? And do you really think that GE wants a US House Ways and Means and US Senate Finance Committee under Democratic control in 2012? GE's CEO works for his stockholders, not for the Obama Administration.

I have a hunch that GE, just like nearly all of the US Big Corps that have paid so very little in US Federal Income Taxes under Bush/Cheney and under Republican House and Republican Senate control, will do everything in their power to prevent the Obama Administration, and the Democrats in both the US Senate and in the US House, from being successful in their clearly laser-like focus on substantial US job creation in both the short run and in the long run.

And the CEO of GE is now in charge of US Jobs? What motivation does he have to be successful here in creating US jobs? I suggest he has absolutely none.

When you think about it, with the incredible tax benefits that GE Consolidated has received over the past 10 years, while so many of the country's citizens and its small businesses have been suffering so severely, US citizens have to be outraged, particularly at the US House Ways and Means Committee, and to a somewhat lesser extent, at the US Senate Finance Committee, for permitting this to happen. With the US economy in such shambles for everyone other than US Big Corps, I think it is in the country's best interests that anyone presently on the US House Ways and Means Committee, who continues to shirk his critical responsibility, should be moved to a less critical US House Committee, and replaced by someone who wants to move both the US economy and US job creation forward.

It is pretty clear to me that US Capitalism hasn't worked properly since the end of the Clinton Administration. This is what happens when you have such a substantial portion of the CEO and CFO population that run US Big Corps only interested in their bottom line, no matter what the cost is to the country.

And this is also what happens when you have a US Congress that is unwilling to prevent, and in many cases even fosters, these whole-scale economic injustices to occur, where the 99% is continually stomped on by the greedy 1%.


Much More to Come!