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John Plender

Monday 22nd of July 2024

 
By the numbers Consider, first, the remarkable profitability of the global corporate sector. On the basis of data from 28,000 companies, a recent study by the McKinsey Global Institute shows corporate earnings before taxes and interest more than tripled from $2tn in 1980 to $7.2tn in 2013, rising from 7.6 per cent of world gross domestic product to almost 10 percent. Importantly, corporate net earnings after taxes and interest rose even more sharply. John Plender, Financial Times, Jan. 5, 2016 © 2016 Kwiple.com