AMD named one of 10 most trustworthy companies in America
AMD certainly had quite a turbulent year. The year started with Dirk Meyer being ousted as the CEO, Thomas Seifert consolidating the company as interim-CEO and Rory P. Read sweeping the broom, firing off 12% of the company. That kind of approach has its benefits.
Following the big sweep, which resulted in 12% of the company being let go, Samsung jumping through the air with joy of getting several brilliant CPU architects (former Fusion APU heads) and radical moves such as firing a Chief Marketing Officer, the company is looking up and about.
Next Decate Inc, a company behind Trust Across America, self-pronounced "think tank dedicated to unraveling the complexities of trustworthy business behavior" announced the results of their second annual study, in which semiconductor companies played a big role.
The Top 10 Most Trustworthy Companies in America in 2011 are:
- Smithfield Foods (SFD), a global food company (http://www.smithfieldfoods.com)
- Xcel Energy (XEL), a regional supplier of electric power and natural gas (http://www.xcelenergy.com)
- Nike, Inc. (NKE), a global marketer of athletic footwear, apparel and equipment (http://www.nikeinc.com)
- Dole Food Company (DOLE), the world's largest producer of high quality fruits and vegetables (http://www.dole.com)
- Advanced Micro Devices (AMD), a semiconductor design innovator (http://www.amd.com)
- Allergan (AGN), a global technology-driven multi-specialty healthcare company (http://www.allergan.com)
- Temple-Inland (TIN), a low-cost corrugated packaging and building products company (http://www.templeinland.com)
- Herman Miller (MLHR), a designer and manufacturer of furniture (http://www.hermanmiller.com)
- Texas Instruments (TXN), a developer of analog, digital signal processing, and semiconductor technologies (http://www.ti.com)
- Lexmark International (LXK), a provider of printing and imaging products and software solutions (http://www.lexmark.com)
Two semiconductor giants, Lexmark and Texas Instruments appeared in 2010 as well, while AMD makes a debut appearance on the impressive fifth spot, only two spots below Nike. The companies are ranked using the FAST method, and according to the researcher, no company achieved the perfect score of "100", though. In fact, majority of companies didn't manage to achieve 90. Trust Across America the companies have no say in the process, and aren’t even informed they're in the running.
FACTS method is split in "Financial Stability and Strength, Accounting Conservativeness, Corporate Integrity, Transparency, Sustainability".
Then again, a question ponders in our heads… if FACTS is really a valid method of calculation, where in the world are cash cow companies such as Intel, Apple, Microsoft, Vodafone, Verizon and others? The answer to that question is very simple – they failed in one or more segments of FACTS.
Or… we'll simply leave you to be the judge.