Monday, June 25, 2018
Business

10 things you don't know about the Times 10 largest public companies

Did you know that the 10 largest public companies on this year's Times 10 list employ a combined 324,000 workers worldwide, nearly the population of the city of Tampa?

So in salute to these corporations, here are nine more things you probably do not know about the Times 10.

 

9. Investment and brokerage firm Raymond James Financial posted more profit ($419.2 million) in the past year than any other Times 10 company. Another key metric? Raymond James is approaching a market value of $7 billion. None of the other Times 10 players comes close.

 

8. Combined, the Times 10 company boards of directors total 98 people, but only 17 are women. HSN tops this list with four women among its 10 directors.

 

7. The Times 10 keeps evolving. Consider these 10 companies ranked in the Times 10 in recent years: Danka Business Systems, Lincare, Walter Industries, Walter Energy, Kforce, Brown & Brown, Sykes Enterprises, MarineMax, Global Imaging Systems, and Certegy. They all either relocated, were bought or failed to bring in enough revenue to crack the top 10 this year.

 

6. HSN chief's Mindy Grossman's 2013 compensation of $13.8 million may have topped this year's Times 10 CEO pay chart, but it's barely more than half that earned in 2012 by Bloomin' Brands CEO Liz Smith, who received $24.5 million. It's notable that the only two female CEOs in the Times 10 list top the pay charts for the past two years.

 

5. Turns out Grossman is not the highest-paid CEO among all public companies based here. The chief of a young, 255-employee insurance company, Paresh Patel of Tampa's HCI Group, received $15 million, up from $3 million the year before.

 

4. Doormaker Masonite is still trying to right itself after briefly declaring bankruptcy to reorganize its affairs in 2009. It lost $11 million in 2013, making it the only Times 10 company that failed to make money last year. It also lost $23 million in 2012 and $6.5 million in 2011. It's still a work in progress.

 

3. Any guess which three companies in the Times 10 were not founded here? Try Jabil Circuit (Detroit), Cott Corp. (Port Chester, N.Y.) and Masonite (Laurel, Miss).

 

2. Which Times 10 company seems least likely to stay on the list? Cott Corp., a major private-label beverage producer, is suffering as the world seems to be stepping back from drinking so much soda. The company, which claims corporate offices in both Tampa and Mississauga, Ontario, in Canada, last month hired investment firm Credit Suisse to see if there might be interested buyers.

 

1. Three Times 10 companies made last year's Fortune 500 list of the largest U.S. public companies. Largest locally, Tech Data, ranked No. 119. Jabil was No. 163. And WellCare Health Plans was No. 345. In all, 15 Florida companies made the Fortune 500.

Robert Trigaux can be reached at [email protected]

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