Fortune 500 Companies Made Record $824 Billion Profit In 2011:
Record:
In 2011, the Fortune 500 generated a combined $824.5 billion in earnings -- an all-time record, and...
... a 16 percent jump from the previous year.
The previous record:
The previous record of $785 billion was set in 2006, amid robust economic growth and before the subprime mortgage crisis in the housing market touched off global financial turmoil.
After that tailspin in late 2008, companies slashed costs, particularly labor.
Two Stories with slightly different takes here...
Fortune 500 companies have record profits of $825 billion in 2011 | The Raw Story
Fortune 500 Companies Made Record $824 Billion Profit In 2011
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