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!

Indiana Big Corp Earnings: Surged Under Obama, while CEOs Slashed Jobs, and Will Soar under Right to Work, while Low-Paying Jobettes Will Proliferate

Indiana has a Republican Governor. And its Senate and its House are also both Republican controlled.

Thus, the Republicans in Indiana are using their awesome power, and trying to fast track Big Corp favored Right to Work Legislation, without a Due Process of Reasonable Discussion.

It's pretty clear that the Republicans are afraid that if Indiana citizens are properly educated on the impact of Right to Work Legislation, its many serious flaws will be unveiled.

US Citizens rightly criticize the US Congress for its lack of action. Wise Indiana Citizens should rightly criticize the Indiana Legislature and the Indiana Governor for trying to hastily pass Big Corp favored Right to Work Legislation, which is so detrimental to 99% of Indiana's Citizens.

Right to Work Legislation substantially reduces employee pay and employee benefits and transfers this employee cost reduction to the bottom-line profits of Big Corps, which further expands the gargantuan wealth gap between the 1% and the 99%.

And because this employee pay and benefits reduction is taken out of local economies all over the country, small businesses get economically pummeled by Right to Work.

Right to Work Legislation also substantially shifts jobs from decent full-time ones to the already monstrously-growing, highly-undesirable Jobette ones, which include part-time, temporary, seasonal, employee contractor, and full-time low-paying jobs, where the only thing worse than the low pay is the even lower employee benefits.

These jobettes don't pay enough to permit citizens to house and feed their families.

Isn't the wealth gap between the 1% and the 99% enough already? Just how much does the 1% want, that the clearly dominant Republicans in the Indiana State Government are even now drastically demanding this step-on-the-toes-of-the-99% Right to Work Legislation? What ever happened to the sense of decency?

Having studied extensively the key issues of fast-tracked legislation passed in the past year or so by the Republican controlled States of Florida, Wisconsin, Ohio, and Indiana, in all fairness, I think it is a complete tossup as to which of these four States has acted in the most damaging, egregious manner.

But then a case can be made that Indiana did take this egregious conduct to a completely different level, since it appears that it was the only State that used an Enron-like, Cook-the-Budget-Books strategy of ignoring massive amounts of unrecorded State Revenues to deceptively and inappropriately support drastic education and State Government employee and other cuts.

And what was the ultimate result of these ruthless cost cutting actions, severely harming the 99%? An Indiana State Rainy Day Fund headed for $2 bil, which will permit the State Republicans to assert that when Governor Mitch Daniels leaves office, he will leave a legacy behind of being a fiscal genius. What a pyrrhic victory.

And when the Indiana State Democrats demanded that an independent outside-of-the government audit be performed because of the magical appearance belatedly of all of these substantial State funds after all of these State Employees, including educators, were canned, the dominating State Republicans covered this up by instead having the Indiana Republican-controlled State audit itself on this manner.

Go Figure!

I think that if the Republicans in the Indiana State House were to attempt to maliciously and punitively impose what seems to be a clearly unconstitutional $1,000 daily fine on brave, patriotic Indiana House Democrats, who are acting in the best interests of 99% of the Indiana citizens, who will be severely harmed by Right to Work Legislation, then it is only reasonable that patriotic, compassionate, fair-minded, economic justice-seeking activists publicly expose in a lot more detail the specifics of the seemingly intentional massive low-balling of Indiana Revenues by Indiana State Republicans in order to make their deceptive and ruthless case for supporting substantial, unfair cuts in jobs and employee benefits of State Employees, including State Educators. When you have an oppressive ruling State Government trouncing on the 99%, this action is only fair.

Indiana Citizens should be outraged at this whole-scale devious conduct and governing ineptitude. The Indiana State Republicans are turning the Indiana State Government into the laughing stock of the country.

Anyway, given the very damaging economic consequences to Indiana Citizens resulting from Big Corp favored Right to Work Legislation, I think it would be wise to give a better understanding of just what has been going on with Indiana Big Corp Earnings and Indiana Big Corp Jobs.

In a very quick review of SEC filings, I found 35 Non-Utility Indiana HQed companies, filing with the SEC, with Pretax Income or Pretax Loss of at least $40 mil in any of the most recent three fiscal year ends.

First, below here is an abbreviated Legend I'll be using later below, Indiana HQ's location, Most Recent Fiscal Year End, Most Recent Fiscal Year End Worldwide Core Pretax Income(Loss), and Most Recent Fiscal Year End Worldwide Number of Employees for each of these 35 Indiana Big Corps. As I find more Indiana Corps with the requisite profit size, I'll add them to the below list.

........................................................................Most..........Most
.......................................................................Recent........Recent
.........................................................................FYE...........FYE
...........................................................Most.......WW...........WW
.............................Legend........IN.....Recent.....Core..........# of
Indiana Big Corp...Abbrev.......HQs......FYE.....PTI(L)....Employees
........................................................................mils

Cummins.................CMI....Columbus.Dec10..$1,617......39,200
Eli Lilly.................LLY............Indy.Dec10..$6,625......38,350
WellPoint.............WLP............Indy.Dec10..$4,354......37,500
Berry Plastics.........BRPL...Evansville.Sep11.......$28.......16,000
KARAuctionSrvcs...KAR........Carmel.Dec10.....$130.......12,558
Finish Line.............FINL...........Indy.Feb11......$110.......11,500
Republic Airways....RPA...........Indy.Dec10......($22).......9,850
Zimmer Holdings....ZMH......Warsaw.Dec10..$1,064.........8,800
Biomet...................BIOM.....Warsaw.May11....($124).......7,678
MeadJohnsonNutr..MJN..Evansville.Dec10.....$634........6,500
ITTEducatntlSvcs.....ESI.......Carmel.Dec10.....$614........6,300
Hill-Rom Hldngs......HRC...Batesville.Sep11.....$207........6,230
Steel Dynamics...STLD...Ft Wayne.Dec10.....$213........6,180
SpringleafFinance...SLFC.Evansville.Dec10....($253).......5,900
HHGregg.................HGG..........Indy.Mar11.......$79........5,600
Shoe Carnival.........SCVL.Evansville.Dec10.......$42........4,300
Hillenbrand...............HI...Batesville.Sep11......$158........4,200
Brightpoint............CELL..........Indy.Dec10.......$52........3,909
UCI Intl...................UCI..Evansville.Dec10.......$46........3,900
CNOFinancialGrp....CNO......Carmel.Dec10......$294........3,680
SimonProptyGrp.....SPG..........Indy.Dec10.....$793........3,500
Franklin Electric...FELE.....Bluffton.Dec10........$55........3,470
Accuride...............ACW.Evansville.Dec10.......($44).......2,927
AllisonTransmsn..ALST..........Indy.Dec10........$83........2,750
Old Natl Bancp.......ONB.Evansville.Dec10........$44........2,491
CommrclBargeLne..CBL.Jeffrsnvlle.Dec10........$12........2,432
Wabash National...WNC..Lafayette.Dec10.......($20).......1,800
Vera Bradley.........VRA..Ft Wayne.Jan11.........$52........1,427
First Merchants...FMRC.....Muncie.Dec10..........$3........1,178
1st Source Corp....SRCE.SouthBend.Dec10.......$60........1,160
Haynes Intl.........HAYN...Kokomo..Sep11........$49........1,057
DukeRealtyREIT..DUKR.........Indy.Dec10.........($1).......1,000
FirstFinanclCp.....THFF..TerreHte..Dec10........$40...........813
CalumSpecPdsLP.CLMT.........Indy.Dec10........$17...........650
Baldwin&Lyons......B&L.........Indy.Dec10........$35...........299

Total all 35...............................................$17,046....265,089

Yeah, Eli Lilly and WellPoint combined comprise 28.6% of the total Number of Jobs of these 35 US Big Indiana Corps, substantially lower than the gargantuan 64.4% they comprise of the total Profits.

The fair focus should be on the Number of Jobs, not on the amount of profit. The Indiana Republican-controlled Legislature and Executive Branch is was off target here. It shows that their focus is on the 1%, not on the 99%. And not just the 1% vs. the 99% of Indiana Citizens, but also the 1% vs. the 99% of Indiana businesses.

The Indiana Republican Controlled Executive and Legislative Branches have focused an inordinate amount of effort in financially aiding the most profitable companies. Thus, they have done absolute economic wonders for Eli Lilly and WellPoint.

Clearly, this is not right.....not even close to being right.

From an extensive review of past years of SEC annual report filings of both WellPoint and Eli Lilly, here is the Current Year State Income Tax Paid or Payable and the related Consolidated Pretax Income for each of the most recent 12 years:

................WellPoint.................................Eli Lilly
..............Current Year..........................Current Year
..............State & Local.....WellPoint...........State............ Eli Lilly
...............Income Tax...Consolidated....Income Tax...Consolidated
..............Expense Paid......Pretax........Expense Paid.......Pretax
...............or Payable........Income.........or Payable........Income
………………………….(millions of dollars)....................................

2010..............29..............4,354..................23...............6,525
2009..............87.............7,403..................49...............5,358
2008............126..............3,122.................(45).............(1,308)
2007............117.............5,258...................28...............3,877
2006............134.............4,914..................(25)..............3,418
2005............114.............3,890...................12...............2,718
2004.............27.............1,443..................(11)...............2,942
2003.............15..............1,219...................(6)...............3,262
2002.............14................808..................(13)..............3,458
2001...............8................525...................17...............3,507
2000..............4................330...................(7)...............3,859
1999.............(7)..................61...................(5)...............3,245

12 YR Total.668..........33,327...................17...............40,861

Effective State Income
…..Tax Rate Paid
.....For Past 12 Years
..........WellPoint.........2.00%...............Eli Lilly......0.04%

And the Indiana Statutory Corporate State Income Tax Rate was 8.50% when a substantial portion of these earnings were generated.....and yeah, that's as compared to WellPoint's state income tax rate paid of 2.00% and Eli Lilly's 0.04%.

And WellPoint had such an incredibly low effective state income tax rate paid of 2.00% over the past dozen years, despite the fact that 100% of WellPoint's earnings were generated in the US.

And yes, Governor Mitch Daniels was previously a key high-level executive of Eli Lilly, which paid an effective state income tax rate of 0.04% over the past dozen years.

And how does the Indiana Republican-Controlled Executive and Legislative Branches react to these meager amounts of State Income Tax paid by these two giants that control Indiana Republicans?

They just recently cut Indiana's Corporate State Income Tax Rate by 25%! I'm not kidding. And simultaneously, they substantially reduced State Unemployment Benefits in these desperate economic times. Clearly, a redistribution of the wealth between the rich and the poor, thereby further enlarging the already huge wealth gap between the 1% and the 99%.

Go Figure!

And what's with the Evansville Entrepreneurial Spirit? Seven of these 35 IN Big Corps, or 20%, are based in Evansville. That's pretty cool.

And the 8th is coming. SS&C Technologies, a Connecticut-based high tech software company for the financial industry, is moving its HQs to Evansville.

And this SS&C Technologies has an incredible track record.

Here are its Full-Time Employee Counts at the end of each of the most recent five years:

2006.......901
2007....1,059
2008....1,128
2009....1,253
2010....1,399

That's a consistently great up trend and these are aren't Jobettes, but rather good-paying jobs.

And check out its Pretax Earnings track record.

2006.....$3 mil loss
2007.....$6 mil profit
2008....$26 mil profit
2009....$29 mil profit
2010....$44 mil profit

And for the 9 months ended September 2011, SS&C's Pretax Profits are $56 mil, up 87% over 2010. Whew!

The past Mayors of Evansville must have done an excellent job in bringing businesses to, and keeping businesses in, the Evansville Area. The one main exception is Whirlpool, whose departure just devastated the middle class of the Evansville Area.

Below here is the Pretax Income (PTI) or Pretax Loss (PTL) for each of these 35 Indiana Big Corps for the two most recent fiscal year ends. I am looking forward to updating these numbers when the December 2011 earnings are released.

........................................................................................Most
.......................................................................................Recent
.....................PTI(L)............PTI(L)................PTI(L).........FYE
...................... FYE................FYE.................. FYE...........PTI(L)
...............Dec10/Nov11.Dec09/Nov10.Dec08/Nov09..% Change
.............................(millions of dollars)...................

LLY(1)..........6,625..............6,042...............5,367...........10%
WLP(2).........4,354..............3,611................3,122............21%
CMI..............1,617.................640...............1,178..........153%
ZMH(3)........1,064..............1,071................1,122.............-1%
SPG(4)............793.................652..................628............22%
MJN...............634.................587..................652..............8%
ESI.................614.................491...................327............25%
CNO...............294.................174......................4.............69%
STLD..............213..................(18).................735.........1283%
HRC(5)...........207.................163...................94............27%
HI..................158..................146..................161..............8%
KAR(6)..........130....................34..................(84).........282%
FINL..............110....................72...................51............53%
ALST(7)..........83...................(93)................(111)..........189%
HGG................79....................64...................63............23%
SRCE...............60....................32...................46............88%
FELE...............55....................39...................68............41%
VRA................52....................44...................25............18%
CELL(8)...........52....................35...................24............49%
HAYN(9).........49....................16..................(17).........206%
UCI(10)...........46....................14..................(17).........229%
ONB.................44....................(7)..................62..........729%
SCVL...............42....................25.....................8............68%
THFF...............40....................30...................33............33%
B&L.................35.....................64..................(17).........-45%
BRPL(11).........28....................(89).................(28).........131%
CLMT..............17......................62...................45..........-73%
CBL(12)...........12......................15...................75..........-20%
FMRC...............3.....................(69)..................29..........104%
DUKR(13)........(1).....................(5)...................86...........80%
WNC(14).......(20)....................(72).................(43)..........72%
RPA(15)........(22).....................46...................137........-148%
ACW(16).......(44)...................(123).................(56)..........64%
BIOM(17)....(124)...................(142)...............(369)..........13%
SLFC(18).....(253)...................(889)...............(925)..........72%

Total all 35..17,046.............12,662.............12,475..........35%

LLY(1) Eli Lilly PTI in all three years excludes both Acquired In Process R&D Charges and Asset Impairment Charges. Its 2009 and 2008 PTI also exclude Zyprexa Product Liability Charges.
WLP(2) WellPoint 2009 PTI excludes Gain on sale of business.
ZMH(3) Zimmer Holdings 2010 and 2009 PTI both exclude Goodwill Impairment Charges.
SPG(4) Simon Property Group PTI is Operating Income less Interest Expense, plus Income from Unconsolidated Entities, and is exclusive of large Impairment Charges.
HRC(5) Hill-Rom Holdings 2011 PTI excludes Special Litigation Charge. Its 2010 PTI excludes Special Litigation Credit. And its 2009 PTI excludes Intangible Asset Impairment Charge.
KAR(6) KAR Auction Services 2010 PTI excludes Loss on debt extinguishment. Its 2008 PTI excludes Intangible Asset Impairment Charge.
ALST(7) Allison Transmission 2009 and 2008 PTL both exclude Trademark Impairment Charges.
CELL(8) Brightpoint 2008 PTI excludes Goodwill Impairment Charge.
HAYN(9) Haynes Intl 2009 PTI excludes Goodwill Impairment Charge.
UCI(10) UCI Intl 2010 PTI excludes Loss on debt extinguishment.
BRPL(11) Berry Plastics 2011 PTI excludes Asset Impairment Charges and Debt Retirement Charges.
CBL(12) Commercial Barge Line 2010 PTI excludes Loss on debt retirement.
DUKR(13) Duke Realty REIT PTI is Operating Income less Interest Expense and excludes Impairment Charges.
WNC(14) Wabash National 2010 and 2009 PTL both exclude Change in Fair Value of Warrant Charges. Its 2008 PTL excludes Goodwill Impairment Charge.
RPA(15) Republic Airways 2009 PTI excludes both Goodwill Impairment Charge and Gain on Bargain Purchase.
ACW(16) Accuride 2010 PTL excludes both Gain on market value change on convertible debt and large Inducement Expenses.
BIOM(17) Biomet 2010 and 2011 PTL both exclude Goodwill Impairment Charges.
SLFC(18) Springleaf Finance 2010 PTL excludes $1.5 bil Gain on Bargain Purchase.

I find it incredible how the Indiana Big Corps were so resilient in the heart of the Deep Recession in 2009, where the Total Pretax Income of these 35 Indiana Big Corps actually increased from $12,475 mil to $12,662 mil. Not so for the majority of Big Corps in other US States, whose earnings in 2009 steeply declined.

And then these 35 Indiana Big Corp Total Earnings increased very robustly by 35% in the most recent fiscal year end.

But what was the story with the trend in the Number of Employees of these Indiana Big Corps in the most recent two years? Well, just horrible.

Of these 35 Indiana Big Corps, 3 of them didn't disclose their Number of Employees in each of the 3 most recent years. In addition, Republic Airways made a huge acquisition in 2009 and Berry Plastics made several significant acquisitions in 2009.

Thus, below here are the Worldwide Number of Employees of each of these remaining 30 Indiana Big Corps at the end of each of the most recent three fiscal years.

.........................Worldwide Number of Employees
.........................At the end of each Fiscal Year End
...........................Dec10........Dec09........Dec08
............................Thru...........Thru..........Thru
...........................Nov11........Nov10.......Nov09

CMI...................39,200.......34,900......39,800
LLY...................38,350.......40,360......40,500
WLP..................37,500.......40,500......42,900
KAR..................12,558........12,648.......14,003
FINL.................11,500........11,100.......12,300
ZMH...................8,800.........8,200.........8,500
BIOM.................7,678..........7,469.........7,107
MJN...................6,500.........5,600.........5,300
ESI....................6,300...........5,500.........4,620
HRC...................6,230..........6,350.........6,500
STLD..................6,180..........5,990.........6,650
SLFC..................5,900.........6,500.........7,900
HGG...................5,600.........4,900.........3,500
SCVL..................4,300.........4,300.........4,200
HI......................4,200.........3,850.........3,250
CELL..................3,909.........2,705.........3,032
UCI....................3,900.........4,350.........4,900
CNO....................3,680.........3,500.........3,700
SPG....................3,500.........3,300.........3,500
FELE..................3,470.........3,500.........3,500
ACW...................2,927.........2,450.........2,980
ONB....................2,491.........2,812.........2,507
WNC...................1,800.........1,600........2,800
FMRC.................1,178.........1,207.........1,367
SRCE..................1,160.........1,170.........1,280
HAYN................1,057...........980............940
DUKR.................1,000........1,000.........1,200
THFF.....................813...........830............766
CLMT....................650...........620............640
B&L.......................299...........293............312

Total all 30...232,630....228,484....240,454

Reduction in WW Number of Employees Most Recent 2 Years
.....Total...........7,823
.....Percentage.....(3)%

Yeah, that's right, while the Total Pretax Income of these Indiana Big Corps increased by 37% in the most recent 2 years, the CEOs of these above 30 Indiana Big Corps slashed a total of 7,823 Worldwide Jobs, or a 3% reduction.

But it gets even much worse, when viewed domestically.

Of these 30 Indiana Big Corps, 19 of them either disclosed their US Number of Employees or operated only in the US in the most recent 3 years.

Below here are these 19 Indiana Big Corps, and the number of US employees they had, at the end of each of the most recent 3 fiscal year ends (FYEs).

...........................US Number of Employees
....................At the end of each Fiscal Year End
......................Dec10........Dec09........Dec08...Most Recent 2 Year
.......................Thru...........Thru..........Thru......US Job Slashing
......................Nov11........Nov10.......Nov09....By "Job Creators"

WLP..............37,500.......40,500......42,900..........5,400
LLY...............17,650.......20,060......20,900..........3,250
FINL..............11,500........11,100......12,300.............800
KAR.................9,663..........9,819......11,044...........1,381
ESI..................6,300..........5,500.......4,620
STLD...............6,180...........5,990.......6,650.............470
HGG................5,600...........4,900......3,500
ZMH................4,900..........4,900.......5,200............300
SCVL...............4,300..........4,300.......4,200
CNO.................3,680..........3,500.......3,700..............20
SPG.................3,500..........3,300.......3,500
BIOM..............3,233...........3,453.......3,548..............315
ONB................2,491...........2,812.......2,507................16
WNC...............1,800...........1,600......2,800..........1,000
FMRC.............1,178...........1,207.......1,367..............189
SRCE..............1,160...........1,170.......1,280..............120
DUKR.............1,000..........1,000.......1,200.............200
THFF................813..............830..........766
CLMT...............650..............620..........640

Total all 19..123,098......126,561...132,622...........13,461

Net Reduction in US Number of Employees Most Recent 2 Years
.....Total...........9,524
.....Percentage.....(7)%

Yeah, in the most recent two years, these Indiana Big Corps slashed US jobs by 7%, while they simultaneously increased their Total Pretax Earnings by 37% and their Total After-tax Earnings Per Share (EPS) by even a much higher percentage.

To better explain the latter point, giant WellPoint's Net Income was $2,877 mil in 2010, an increase of 16% from 2008, which had a $481 mil tax benefit from extremely favorable income tax audit settlements.

So what happened to WellPoint's EPS, which is what drives its stock price and much of its executive compensation?

Would you believe that its EPS increased by a massive 46%, going from $4.76 in 2008 to $6.94 in 2010? It's true.

How could that be? Net Income up 16% and EPS up 46%? It's all about magical financial engineering, that the 1% Big Corps have over everyone else.

WellPoint reduced its average number of common shares outstanding by spending $10.3 bil in buying back its own common stock in the most recent three years (2008 to 2010). By doing this, the denominator in its EPS computation dropped dramatically, thereby increasing EPS dramatically.

And WellPoint sees absolutely nothing wrong with slashing 5,400 US Jobs in the most recent 2 years, while simultaneously increasing its EPS by 46%.

Go Figure!

Republican Presidential Candidate Mitt Romney boldly says that the 99% envy the wealth of the 1%. He's way out of touch on this key issue here. It's not about envy.....not even close to being about envy. Instead, it's all about economic fairness. And it's also all about having enough take-home pay, after paying payroll taxes, paying income withholding taxes, and paying exorbitant gas prices, to house and feed your family. The live-in-their-own-world Big Oil and Big Financial Engineers, and their 1% beneficiaries, just don't get this.

This is precisely why the Occupy Movement was so strong in the 4Q 2011, and will get substantially stronger in 2012, especially after the horrible winter weather is history.


===================================

Late Additions to Above Indiana Big Corp List:

........................................................................Most..........Most
.......................................................................Recent........Recent
.........................................................................FYE...........FYE
...........................................................Most.......WW...........WW
.............................Legend........IN.....Recent.....Core..........# of
Indiana Big Corp...Abbrev.......HQs......FYE.....PTI(L)....Employees
........................................................................mils

Remy.....................REM...Pendleton..Dec10.....$59.........5,717
Lakeland Financial.LKLF.....Warsaw...Dec10.....$37...........467

Of Remy's 5,717 employees, only 830 of them are in the US.

Lakeland Financial's Pretax Income is just short of $40 mil in 2010, but it should be there in 2011, since its earnings are up 19% in the first 9 months of 2011.

........................................................................................Most
.......................................................................................Recent
.....................PTI(L)............PTI(L)................PTI(L).........FYE
...................... FYE................FYE.................. FYE...........PTI(L)
...............Dec10/Nov11.Dec09/Nov10.Dec08/Nov09..% Change
.............................(millions of dollars)...................

REM(19)..........59..................27.......................2..............119%
LKLF...............37..................28.....................29................32%

REM(19) Remy Intl 2010 PTI excludes Loss on debt retirement.



Much More to Come!

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

In a recent post, I found 245 US Big Corps, which have fiscal year ends from February through November, and which have released their 2011 annual earnings.

For Corps HQed in the Big 2 US States (Texas and New York), where the bulk of the extremely profitable Big Oil and Big Financial Corps are HQed, I am defining US Big Corps as ones which have Annual Pretax Income or Pretax Loss of $200 mil or more in any of the most recent three fiscal year ends.

For Corps in all of the other 48 US States, I am defining US Big Corps as ones which have Annual Pretax Income or Pretax Loss of $100 mil or more in any of the most recent three fiscal years.

How did these 245 US Big Corps do?

Well, spectacular. The Total Pretax Income growth was 66% for the two years from 2009 to 2011, which translates to a Total After-tax EPS Growth in the range of 75% to 80%.

How fair were these US Big Corps in sharing this incredibly robust earnings largesse by adding jobs in this same two-year period?

Well frankly, just horrible.

From a review of SEC annual filings, below here are the 102 of these 245 US Big Corps which had Pretax Income or Loss of more than $500 mil in any of the most recent three years.

Below here are these 102 US Big Corps, and the number of worldwide employees they had, at the end of each of the most recent four fiscal year ends (FYEs).

............................................Worldwide Number of Employees
............................................At the end of each Fiscal Year End
........................................2011........2010.........2009........2008

Hewlett Packard...........349,600...324,600...304,000...321,000
Accenture....................236,000...204,000..177,000...186,000
Best Buy.......................180,000...180,000...155,000...150,000
Walgreens....................176,000...177,000...166,000...163,000
Flextronics..................176,000...165,000...160,000...162,000
Johnson Controls.........162,000...137,000...130,000...140,000
Disney..........................156,000...149,000...144,000...150,000
Starbucks.....................149,000...137,000...142,000...176,000
Supervalu.....................142,000...160,000...178,000...192,000
Emerson Electric(1)......133,200...127,700...129,000...140,700
Procter&Gamble...........129,000...127,000...132,000...135,000
Tyson Foods.................115,000...115,000....117,000...107,000
Oracle(2)......................108,000...105,000...115,000....119,133
Tyco Intl......................102,000...108,000...106,000...113,000
FedEx............................95,000.....93,000.....93,000.....94,700
TE Connectivity.............95,000.....89,000.....78,000.....96,000
Costco...........................92,000.....82,000.....79,000.....75,000
CSC................................91,000.....94,000.....92,000.....89,000
Microsoft......................90,000.....89,000.....93,000.....91,000
Cisco Systems................71,825.....70,700.....65,500.....66,129
Western Digital..............65,431......62,500.....45,991......50,072
Autozone......................65,000.....63,000.....60,000.....57,000
Deere............................61,300......55,700.....51,300.....56,700
Apple............................60,400.....46,600.....34,300.....32,000
Parker Hannifin.............58,400.....54,800......51,639.....61,722
Apollo Group................55,535......56,146......52,385.....44,372
Seagate Technology......52,700.....52,600.....47,000.....54,000
Rite Aid........................51,408......54,600......57,680.....60,912
ADP..............................51,000.....47,000.....45,000.....47,000
NewsCorp(3).................51,000.....51,000.....55,000.....64,000
WholeFoodsMkt............48,200.....45,300.....43,000.....46,800
Smithfield Foods...........46,350.....48,000.....52,400......58,100
Sysco...........................46,000.....46,000.....47,000.....50,000
Jacobs Eng...................45,700.....38,500.....38,900.....43,700
Medtronic....................45,000.....43,000.....41,000.....40,000
BedBath&Beyond.........45,000.....41,000.....37,000.....39,000
Covidien Ltd................41,300......41,500.....41,800......41,700
Nike.............................38,000.....34,400.....34,300......32,500
McKesson....................36,400.....32,500.....32,500......32,900
General Mills...............35,000.....33,000.....30,000......29,500
HJ Heinz......................34,800.....29,600.....32,400......32,500
Estee Lauder................32,300.....31,200.....31,300......32,000
Cardinal Health(4).......31,900.....31,200.....46,500......47,600
FamilyDollarStrs.........31,000.....30,000....27,000......25,000
ArcherDanMidland......30,700....29,300.....28,200......27,600
Becton Dickinson.........29,369.....28,803......29,116......28,277
Micron Technology.....26,100.....25,900.....18,200......22,800
Polo Ralph Lauren.......24,000.....19,900....17,000......15,000
ConAgra Foods............23,200.....24,400....25,600......25,000
Qualcomm...................21,200.....17,500.....16,100......15,400
Sara Lee......................21,000.....33,400.....41,000......44,000
Rockwell Automation..21,000.....19,000.....19,000......21,000
Monsanto....................20,600.....21,400.....22,900......21,700
Rockwell Collins..........20,500.....20,000.....19,300......20,300
Hormel Foods..............19,500.....19,300.....18,600......19,100
Air Prods&Chems.........18,900.....18,300.....18,900......21,100
Agilent Technology......18,700.....18,500.....16,800......19,600
Symantec.....................18,600.....17,400.....17,400.....17,600
PrecisCastParts............18,300.....18,100.....20,300......21,400
Avnet..........................17,600.....14,200.....12,900......12,800
Campbell Foods...........17,500.....18,400.....18,700......19,400
Harris Corp..................16,900.....15,800.....15,400......16,500
CarMax.........................15,565.....13,439.....13,035......15,637
Coach...........................15,000....13,000.....12,000......12,000
Joy Global....................14,500.....11,900.....11,300.......11,800
CA................................13,400.....13,800.....13,200.....13,700
Oshkosh.......................13,100.....12,400.....12,300......14,000
Applied Matls...............13,000.....13,000....12,619.......14,824
Paychex.......................12,400.....12,200.....12,500......12,200
Viacom........................10,580.....11,200......11,500.....10,800
DiscoverFinclSvcs........10,300.....10,500....11,900......12,800
NetApp........................10,212........8,333.......7,976.......7,645
Carnival.......................10,200.....10,600.....10,700.....10,900
Darden Rests................10,000.....10,000......9,200.......9,600
CHS................................9,562........8,812.......8,802.......8,099
AmeriSourceBerg..........9,400........9,100.......9,100.......9,700
Maxim Integr................9,370........9,200.......8,765.......9,810
Analog Devices..............9,200........8,500......8,300.......9,000
Adobe Systems..............9,117.........8,660......7,335.......6,959
Helmerich&Payne..........8,707........7,475......5,371.......7,356
FranklinResources.........8,500.......7,900......7,700.......8,800
Clorox...........................8,100........8,300......8,300.......8,300
Intuit............................8,000.......7,700......7,800.......8,200
H&R Block.....................7,900.......7,700......8,300.......9,700
Mosaic..........................7,700........7,500.....7,500.......7,400
Electronic Arts.............7,600........7,800......9,100.......9,000
Visa..............................7,500........6,800......5,700.......5,765
BMC Software................6,200.......6,100......5,800........5,800
Varian Med Syst............5,700.......5,300......5,100........4,900
Forest Labs...................5,600........5,200......5,225........5,211
KLA Tencor...................5,500.......5,000......4,900.......6,000
TD Ameritrade..............5,451........5,240.......5,196........4,660
Linear Technology........4,505.......4,191........3,821........4,173
JM Smucker..................4,500.......4,850.......4,700.......3,250
ConstelltnBrnds............4,300.....6,000........6,600........8,200
Lam Research...............3,700.......3,232.......2,711........3,800
Brown Forman.............3,700.......3,700.......3,800........4,135
Legg Mason..................3,395........3,550.......3,890........4,220
ToyotaMotorCredit......3,170........3,250.......3,300.......3,200
Xilinx...........................3,099........2,948.......3,145........3,415
DR Horton....................3,010........3,214.......2,926.......3,800
Hovnanian Enterpr......1,500........1,629.......1,750........2,816

Total all 102........4,683,661..4,491,972..4,369,478..4,555,892

Total Annual % Change
.....2010 to 2011.....+4%
.....2009 to 2010....+3%
.....2008 to 2009.....(4)%
Two-Year % Change(2009 to 2011)....+7%
Three-Year % Change(2008 to 2011)..+3%

(1) Emerson Electric's above number of employees are the average for the year.
(2) Oracle's above number of employees in 2009 and 2008 also include those of Sun Microsystems, which they acquired in 2010.
(3) NewsCorp's above number of employees are its full-time employees only for each of the most recent three years (2009 through 2011), but included both its full-time and part-time employees in 2008.
(4) Cardinal Health's above number of employees include those of CareFusion in both 2008 and 2009, which it spun off in 2010.

Below here compares the Earnings Growth with the Worldwide Number of Employees Growth of these 102 US Big Corps in the most recent two years.

...........................................................Worldwide.....Magnitude of
.............................Pretax Income..# of Employees..1% (Trounce)
.............................2009 to 2011......2009 to 2011.....of the 99%
................................% Change............% Change.......2009 to 2011

Agilent Technology...14643%.................11%..............-14632%
Tyson Foods................6218%.................-2%...............-6219%
Oshkosh......................3375%..................7%...............-3368%
DiscoverFinclSvcs.......1433%................-13%...............-1447%
TE Connectivity...........1424%.................22%...............-1402%
Johnson Controls........1120%.................25%...............-1095%
KLA Tencor...................812%.................12%.................-800%
Maxim Integrated.........670%..................7%..................-663%
Applied Materials..........589%..................3%.................-586%
Lam Research...............580%.................36%.................-544%
CarMax.........................532%.................19%..................-513%
NetApp.........................480%.................28%.................-452%
Flextronics...................442%.................10%.................-432%
Toyota Motor Credit.....385%.................-4%..................-389%
Smithfield Foods...........266%.................-12%................-278%
Analog Devices.............257%..................11%.................-246%
Constellation Brands.....185%................-35%.................-220%
Starbucks......................223%...................5%.................-218%
Rockwell Automation....217%..................11%................-206%
Seagate Technology.......217%..................12%................-205%
Estee Lauder..................199%...................3%.................-196%
Deere.............................215%..................19%.................-196%
Avnet.............................176%..................36%.................-139%
Legg Mason....................119%.................-13%.................-132%
CHS................................128%....................9%.................-119%
Whole Foods Market......120%..................12%..................-108%
Apple.............................183%..................76%................-107%
Tyco Intl........................102%..................-4%.................-106%
NewsCorp.........................93%..................-7%.................-101%
DR Horton......................102%...................3%...................-99%
Air Products&Chems........98%...................0%...................-98%
Micron Technology........139%..................43%...................-96%
Parker Hannifin..............107%..................13%...................-94%
Franklin Resources.........104%..................10%...................-93%
Hovnanian Enterprises.....73%.................-14%...................-87%
JM Smucker......................81%..................-4%....................-85%
Linear Technology............96%..................18%...................-78%
Xilinx................................68%..................-1%...................-70%
Bed Bath & Beyond............89%..................22%...................-68%
Sara Lee...........................17%.................-49%...................-66%
Cardinal Health.................31%.................-31%...................-62%
Electronic Arts.................43%.................-16%...................-59%
Oracle...............................46%...................-6%...................-52%
Emerson Electric..............48%....................3%...................-45%
Microsoft.........................42%...................-3%...................-45%
Intuit...............................48%....................3%...................-45%
ConAgra Foods................35%...................-9%...................-44%
FedEx..............................44%....................2%...................-42%
Viacom............................34%...................-8%...................-42%
Rite Aid...........................29%..................-11%...................-40%
Qualcomm.......................66%...................32%...................-35%
AmeriSource Bergen........37%....................3%...................-34%
Disney.............................42%....................8%....................-34%
Brown Forman.................32%...................-3%....................-34%
Hormel Foods..................36%....................5%....................-31%
Forest Labs......................38%....................7%....................-31%
Covidien Ltd....................23%...................-1%....................-24%
Adobe Systems................47%...................24%...................-23%
Costco.............................38%...................16%...................-22%
Family Dollar Stores........37%..................15%....................-22%
BMC Software..................28%....................7%....................-21%
Autozone.........................28%....................8%....................-20%
Clorox.............................16%...................-2%.....................-18%
Darden Restaurants.........26%....................9%.....................-18%
Walgreens.......................22%....................6%.....................-16%
Campbell Foods................8%...................-6%.....................-15%
CA...................................15%....................2%.....................-14%
Western Digital................56%...................42%....................-13%
Mosaic............................16%....................3%.....................-13%
Medtronic.......................22%...................10%....................-12%
ArcherDanMidland..........21%....................9%.....................-12%
Varian Medical Systems..24%...................12%.....................-12%
Carnival............................6%...................-5%.....................-11%
Nike................................21%...................11%.....................-10%
Visa................................41%....................32%....................-10%
Harris Corp.....................19%...................10%.....................-9%
General Mills...................25%...................17%.....................-8%
Becton Dickinson..............9%....................1%......................-8%
Procter & Gamble..............5%...................-2%.....................-8%
Coach.............................32%...................25%.....................-7%
McKesson.......................19%...................12%.....................-7%
Precision CastParts..........-4%..................-10%.....................-6%
Sysco................................3%...................-2%......................-5%
CSC...................................2%...................-1%......................-3%
Joy Global.......................31%...................28%.....................-3%
Hewlett Packard...............16%..................15%.....................-1%
Polo Ralph Lauren...........40%..................41%.......................1%
Accenture.......................31%...................33%.....................2%
Paychex...........................-2%...................-1%......................2%
HJ Heinz...........................4%....................7%......................3%
Apollo Group....................2%....................6%......................4%
Best Buy..........................11%...................16%......................5%
Rockwell Collins................0%....................6%......................7%
Cisco Systems...................2%...................10%......................8%
Monsanto......................-19%..................-10%......................9%
TD Ameritrade................-4%.....................5%......................9%
ADP.................................2%....................13%....................12%
H&R Block.....................-19%...................-5%.....................14%
Symantec......................-16%....................7%.....................23%
Supervalu.....................-53%.................-20%.....................33%
Jacobs Engineering.......-17%..................17%.....................35%
Helmerich & Payne.........15%..................62%.....................47%

Total all 102................64%...................7%...................-57%

Yeah, the Worldwide Total Pretax Income in 2011 of these 102 US Big Corps increased by a massive 64%, and markedly even higher on a Total EPS Growth basis, in the most recent two years, far surpassing the 7% worldwide employee growth of these 102 US Big Corps in the same two years. This gives a good indication of one key reason as to why there is so much protesting in the Streets by 99%ers around the world, and to why it will continue in 2012, and even in a much more explosive manner. This also shows why US Big Corps, along with their CEOs and CFOs, are viewed so unfavorably around the globe.

But it gets even much worse, when viewed domestically.

Of these 102 US Big Corps, 38 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.

I have excluded Oracle below since it made a huge acquisition of Sun Microsystems in FYE 2010, but there was no disclosure of the US employee additions due to this acquisition. I also excluded Cardinal Health below since it spun off CareFusion in 2010, but there was no disclosure of the US employee reductions due to this spinoff.

These 38 US Big Corps had almost precisely the same Number of Jobs at the end of each of the most recent 3 years. And these 38 US Big Corps slashed a total of 72,611 in the most recent 3 years from 2008 to 2011.

Below here are these 38 US Big Corps, and the number of US employees they had, at the end of each of the most recent four fiscal year ends (FYEs).

...................................................US Number of Employees
............................................At the end of each Fiscal Year End
........................................2011........2010.........2009........2008

Walgreens....................176,000...177,000...166,000....163,000
Supervalu....................142,000...160,000...178,000....192,000 Starbucks....................112,000...107,000....111,000....143,000
Tyson Foods..................97,000....97,000...100,000.....99,000
Autozone.......................61,500....60,000.....57,000.....54,400
Microsoft.......................54,000....54,000.....56,000.....55,000
Rite Aid..........................51,408....54,600.....57,680......60,912
Whole Foods Market......48,200....45,300.....43,000......46,800
Bed Bath & Beyond........45,000....41,000.....37,000......39,000
Tyco Intl.......................39,000....41,000.....38,000......42,000
Cisco Systems................37,300....38,350.....37,050......37,429
Family Dollar Stores.......31,000....30,000....27,000.....25,000
Parker Hannifin..............27,460....25,900....23,722.......29,802
ConAgra Foods...............23,200....24,400....25,600......25,000
Polo Ralph Lauren..........16,000....13,000....12,000......11,700
CarMax..........................15,565.....13,439.....13,035.......15,637
Harris Corp....................14,872.....14,378.....14,168.......14,685
Paychex.........................12,400.....12,200....12,500......12,200
Becton Dickinson............12,041....12,262.....12,698........12,649
Micron Technology........10,600.....10,000.....9,300.......12,300
Discover Fincl Svcs........10,300.....10,500....11,900.......12,800
Darden Restaurants........10,000....10,000.....9,200.........9,600
CHS..................................9,562........8,812.....8,802.........8,099
AmeriSource Bergen........9,400........9,100.....9,100.........9,700
Symantec.........................8,556........8,178.....8,352..........9,328
Rockwell Automation.......8,000.......8,000.....8,300.........9,800
H&R Block........................7,900.......7,700.....8,300.........9,700
Helmerich & Payne...........7,677.......6,383......4,237.........6,184
Joy Global........................7,218.......5,600......5,300.........5,700
Air Prods & Chems...........7,200.......7,300......7,500.........9,500
CA...................................7,000.......7,500......7,100.........7,300
TD Ameritrade.................5,451........5,240......5,196..........4,660
Varian Medical System.....3,500.......3,100......3,300.........3,000
Toyota Motor Credit.........3,170.......3,250......3,300.........3,200
Electronic Arts.................3,100.......3,200......4,000.........3,900
DR Horton........................3,010.......3,214......2,926..........3,800
Constellation Brands........2,800.......2,800......2,900.........3,900
Hovnanian Enterprises.....1,500.......1,629......1,750..........2,816

Total all 38................1,141,890..1,142,335..1,142,216..1,214,501

Total Annual % Change
.....2010 to 2011.....+0%
.....2009 to 2010....+0%%
.....2008 to 2009.....(6)%
Two-Year % Change(2009 to 2011)....+0%
Three-Year % Change(2008 to 2011)..(6)%

Yeah, even when these 38 US Big Corps were reporting explosive earnings growth in the most recent two years, their Total US number of employees remained precisely flat. Where's the economic fairness and sense of decency? This is a main reason you see the Occupy Movement in the US being so strong in the fourth quarter of 2011, and also why it will be even substantially more explosive in 2012.

When I review all of the above numbers, all that I can conclude is that unbridled, unregulated capitalism just doesn't work. Capitalism does work if you have a widespread cadre of Corporate Leaders with a sense of decency and fairness to everyone, not just to their stockholders. But with so many of the US Big Corp CEOs and CFOs having such a narrow intense focus on achieving awesome power and self-interest greed, coupled with their widespread lack of character, you get severe job depression and very low employee wages, which is precisely where the country is now.

The US Government's role is to put in the wise regulations and legislation that makes capitalism work for everyone, not just for the US Big Corps and their 1% beneficiaries.

The US Congress is not doing this, and so many of them need to be replaced.....nearly all of the Republicans, and even a handful of the Democrats.

The Obama Administration continually tries to do this, but is always stopped cold in its tracks by the Republicans in the US House and US Senate, who are the Serfs of the US Big Corps and their 1% beneficiaries.

That is why it would be so devastating to the country if Mitt Romney, the personification of the 1%, is our next President. If you think the 1% has all of the economic benefits and power now, Romney would see to it that this awesome power and economic benefits bestowed on the US Big Corps and their 1% beneficiaries by the US Government will be taken to a completely different level. And I think the ultimate result could well be a revolution of the oppressed against the 1%.


Much more to come!

US Government Should Highly Incentivize Corps Increasing Payroll Counts, Pay and Benefits

Clearly the whole ball game is in full-time US job creation, at a fair wage, for the 99%.

But with this near-sighted, close-minded, uncompromising, dysfunctional, ineffective US Congress, which while declaring otherwise, clearly legislates only for the 1%, this isn’t going to happen.

Thus the Obama Administration is spot on, when it says it can’t wait for the US Congress. It must take the initiative and act on its own to spur the highly-depressed US job situation.

I think a very wise, very simple, and highly effective step for the Obama Administration to take is to reward companies which increase their US full-time head counts significantly, and also continue to do so.

Also, I think it would be wise for the Obama Administration to reward companies which significantly increase the average pay and the average employee benefit costs of their US full-time employees, and also continue to do so.

Thus, successful companies that share their wealth fairly with their existing and future employees will get special treatment by the US Government. And companies that refuse to help solve the horrible US job and wage depression get no special treatment by the US Government. That is only fair, and clearly the right thing to do.

I can come up with a very long list of wise actions that would substantively reward companies taking these patriotic actions on jobs and fair wages.

One of the many particularly effective steps would be for the US Government to place companies, which significantly increase their US full-time payroll counts, their average pay, and/or their average employee benefit costs, way up the preferential list on the awarding and renewal of US Government Contracts.

And there are so many ways the US Government could reward these companies by fast-tracking so many reasonable requests made by these companies.

Also, the US Government could go out of its way to prudently short-cut prolonged negotiations on various legal issues with these companies.

I also think it would be wise to ask each of the US Cabinet Secretary Heads, as well as other key US Government Employees, to prepare a long list of US Government actions, where US Congressional Action is not needed, which effectively and fairly reward companies that increase significantly their US full-time employee counts, their average pay and their average employee benefits, and continue to do so.

Further, I think the Obama Administration should also simply ask US Corps how they would like to be rewarded if they were to significantly increase their US full-time payroll counts, their average pay, and/or their average employee benefit costs.

Big Corps love thinking about and having open discussions on creative requests like this one. And man are they ever good at coming up with highly effective, very creative rewards that no one has contemplated. This is what they are trained to do well.

US Government Should Disincentivize Excessive Stock Buybacks

Very profitable US Big Corps are clearly overdosing on stock buybacks.

Such a greedy, unpatriotic overdosing on these stock buybacks substantially benefits Earnings Per Share, and thus stock prices.

However, it economically devastates further the 99%, since instead of these US Big Corps making wise US job-creation investments, they heavily spend an outsized portion of their Cash Flow Generated From Operations on these stock buybacks.

Clearly, it is in nearly everyone's best interest to prevent this overdosing on stock buybacks.

But with this US Congress, which consistently legislates for the 1%, it is not going to happen.

The Obama Administration can't wait on the clearly dysfunctional, ineffective US Congress. It must act on its own and take wise steps, which don't require US Congressional Action, to prevent this clear overdosing on stock buybacks.

There is a long list of disincentives that I can easily come up with to prevent this harmful overdosing on stock buybacks.

I think one of the many particularly effective steps is for the US Government to place Corps that clearly overdose on stock buybacks way down the preferential list on getting US Government Contracts.

US Government Cabinet Heads and other key US Government employees can derive their own very long lists of wise steps the US Government can take to prevent US Big Corps from taking steps that clearly harm US job creation, such as by US Big Corps overdosing on stock buybacks.

SEC Should Require Corps To Be More Transparent in Their Employee Reporting

Given how US unemployment and US underemployment is the dominant issue of concern to US citizens, I thought it would be wise to review the annual SEC filings of US Corps to see just what they are disclosing.

Amazingly, there is such a paucity of employee reporting to the SEC by US Corps.

All you see is mostly a very brief paragraph, and in many cases, just one sentence.

And there is little consistency in the US Big Corp SEC reporting of employees.

Some Corps report the number of full-time employees, while others also include part-time and temporary employees. With this US job depression, the relevant number that should be reported separately is the number of full-time employees, along with the related average pay and average employee benefits. These are the real jobs.

From reviewing more than 1,000 of US large corp SEC disclosures on their employees, I find it incredible of the number of part-time, seasonal, temporary, and contract workers.....all "Jobettes" that so many large US Corps have. These all fall into the neglected "Underemployed" Category that is such a devastating US job problem. And these underemployed people aren't included in the already extremely high US Unemployment Rate.

Let me just cite a couple of specific problems with these number of Jobettes being reported or not reported in US Big Corp SEC filings.

Walmart has 2.1 million employees, but refused to disclose the breakdown here between its number of full-time and part-time employees. All Walmart would say is that they have a large number of part-time employees. I'm not kidding.....that's their SEC disclosure, and the SEC has absolutely no problem with this.

And the same goes for giants McDonalds, Target, Safeway, Kroger, Macy's (including Bloomingdale's), Best Buy, JC Penney, TJX (including T.J. Maxx, Marshalls and HomeGoods), Safeway, Starbucks, the Gap (including also Old Navy and Banana Republic) and many more huge US Corps with their decision to not report their substantial number of part-time employees.

Yum Brands (Kentucky Fried Chicken, Pizza Hut and Taco Bell) did report its number of part-time employees, which comprised an amazingly high 86% of its 378,000 work force.

And Limited Brands (Victoria Secret's and Bath & Body Works) also reported its 79,000 part-time employees, which made up an incredible 82%% of its total work force.

So did Kohls, whose 107,000 part-time employees comprised 79% of its total work force.

So did Ross Stores also reported its 35,500 part-time employees, which made up 72% of its total work force.

So did Publix Super Markets, whose 78,000 part-time employees comprised 53% of its work force.

So did Costco, whose 72,000 part-time employees comprised 44% of its work force.

So did Home Depot, whose 41% of their 321,000 employees are part-time.

So did Staples, whose 36,100 part-time employees comprised 41% of its work force.

So did Lowe's, whose 73,000 part-time employees comprised 31% of its work force.

So did Walgreen's, whose 71,000 part-time employees comprised 29% of its work force.

And so did CVS Caremark, whose 79,000 part-time employees comprised 28% of its work force.

Carnival's 75,000 Crew Members on its cruise ships are more than 7 times its number of 10,200 full-time employees.

Darden Restaurant's (Olive Garden, Red Lobster and LongHorn Steakhouse) 168,500 hourly restaurant personnel made up a massive 94% of its total work force.

And a substantially high percentage of US For-Profit Education Corp employees, including professors, are part-time employees, or even worse, independent contractors.

And FedEx didn't report their massive number of Drivers, who are very questionably treated as jobette independent contractors.

And all US Republican Presidential Candidates proudly proclaim that they are wholeheartedly for deceptively and intentionally inaccurately-named National "Right to Work"?

Right to Work Legislation substantially reduces employee pay and employee benefits and transfers this employee cost reduction to the bottom-line profits of US Big Corps, which further expands the gargantuan wealth gap between the 1% and the 99%.

And because this employee pay and benefits reduction is taken out of local economies all over the country, small businesses get economically pummeled by Right to Work.

Right to Work Legislation also substantially shifts jobs from decent full-time ones to the already monstrously-growing, highly-undesirable Jobette ones.

Isn't the wealth gap between the 1% and the 99% enough already? Just how much does the 1% want, that they are even now drastically demanding this step-on-the-toes-of-the-99% Right to Work Legislation? What ever happened to the country's sense of decency?

I think what has happened here with these large US Corps maximizing their "Jobette" worker category is flat out criminal. It's all about maximizing the bottom-line profits of large US Corps, regardless of the horrible economic consequences to these so many underemployed, who aren't earning anyway near a livable wage.

And it is another case of the 1% coldly trouncing on the 99%. But what these 1% Corps have to realize is that it is just a matter of time before this incredibly and brutally cruel and unfair economic situation gets corrected, one way or another.

The Occupying Movement is closely watching how US Big Corps, the US Congress, and the State Legislators deal with this huge "Jobette" problem, since many of these brave Occupiers are presently Jobettely employed.

Also, the overwhelming majority of US Big Corps simply report the approximate number of employees to the nearest thousand, as if they don't know exactly how many employees they have. What an incredibly devious, cold-hearted approach. They know precisely the exact number of employees they have and they should report them. These are real people who have jobs, not some sarcastic approximation, which is just an afterthought to the intensely bottom-line-profit-focused large US Corps.

Very few US Corps report the reason for the annual change in the number of full-time employees. Clearly, the change caused by significant business acquisitions and spinoffs are both highly relevant to US financial readers. One company that sticks out here in its transparent reporting is Qualcomm, which discloses how much of the increase in the number of employees each year is due to business acquisitions. And Qualcomm also discloses the other major reason for the annual increase in the number of jobs.....due to engineering resources.

In reviewing over 1,000 US Big Corp employee SEC disclosures, the posture child for meaningful disclosure is Norfolk Southern, which is the only one of the 1,000 plus that discloses its average pay and average employee benefit costs. Let me copy its SEC Employee Reporting below here:

"EMPLOYEES - The following table shows the average number of employees and the average cost per employee for wages and benefits:

.............................2010......2009......2008......2007......2006

Average number of
..employees.........28,559...28,593...30,709...30,806...30,541

Average wage cost
..per employee.$69,000.$63,000.$66,000.$62,000.$62,000

Average benefit cost
..per employee.$37,000.$32,000.$31,000.$30,000.$32,000"

The SEC should be requiring every large public corporation to report the above numbers that Norfolk Southern has elected to disclose. They are very meaningful to all financial readers.

But by far the key disclosure that is most lacking in these very trying US job depression times is the number of US full-time employees. Few companies report in their SEC filings that critically important US full-time employee number to US citizens.

It only makes sense that since the SEC isn't now requiring US Corps to disclose this key information, that the Obama Administration should take charge and require them to do so. No Congressional Action is needed here, just a wise Executive Order.

How can US citizens effectively help the horrible US job situation if they have a US government agency (the SEC) that keeps them from having critical information necessary to take proper actions to improve the US job situation.

And how can investors properly make stock and bond investments when the the SEC prevents them from having salient information on the number of employees of companies. The key point here is that if a company continually and substantially reduces its key work force, the earnings and cash flows from operations being reported are of low-quality, and frankly artificial, from a looking forward long-term perspective.

Also what is critically needed here is for the SEC to require US Corps to disclose the precise US federal income tax benefit they are receiving each year from 100% first-year tax expensing and 50% first-year bonus tax depreciation, both related to equipment purchases.

This US Congressional initiative has just devastated the US Government coffers in the past four years or so. The promise was that it would create a lot of US jobs. I don't think it has. It has been great for the profits of US Big Corps, and their 1% beneficiaries, but not so great for the 99%, who continue to be economically devastated by a US Congress whose legislation consistently favors the 1%.

Financial readers should be able to see each Big Corp's US federal income tax benefit received from 100% tax expensing and from 50% bonus tax depreciation in each of the past four years or so. Then, they can properly compare it with the change in the number of US full-time employees of these same US Big Corps in these same years.

This assessment will give an excellent reading on the extent of financial greed and US patriotism of each of the public companies reporting to the SEC.

And frankly, I think just requiring public companies to do this much improved financial reporting in their annual SEC filing of the number of US full-time employees and the tax benefit from 100% tax expensing and 50% bonus tax depreciation will make companies much more careful in both overdosing in laying off employees, and in keeping from hiring employees.

When I get some time, I will be presenting a summary of present SEC reporting of the number of employees of the largest, most profitable US Corps.

===========================

Late Addition

Another US Big Corp that did an excellent job in very transparently reporting in its 4Q 2011 Earnings Release, which is also filed with the SEC, the details of its workforce is Caterpillar.

Below here is Caterpillar's recent 4Q 2011 Earnings Release Workforce Disclosure.

"Global Workforce

Caterpillar worldwide full-time employment was 125,099 at the end of 2011 compared with 104,490 at the end of 2010, an increase of 20,609 full-time employees. In addition, we increased the flexible workforce by 5,818 for a total increase in the global workforce of 26,427.

We increased our workforce to support higher sales volume across all geographic regions. In addition, acquisitions, primarily Bucyrus and MWM, added 13,720 people, while the sale of Carter and a portion of the Bucyrus distribution business reduced the workforce by 1,506 people.

...........................................December 31,
.........................................2011........2010.........Change
Full-time employment...125,099...104,490.......20,609
Flexible workforce..........27,884.....22,066..........5,818
Total.............................152,983....126,556........26,427

Summary of change
U.S. workforce additions.......................6,496
Non-U.S. workforce additions...............7,717
Total additions....................................14,213

Acquisitions/divestitures net..............12,214
Total...................................................26,427"

All US Big Corps should take Caterpillar's patriotic lead here. US Citizens, including US investors, have to be impressed with what Caterpillar did here. When the SEC is not performing its duties properly, then the best US Corps should fill in for them and take the lead.