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The Fortune 1000 is still considered an important and list prestigious despite receiving considerably less notoriety than the more selective Fortune 500 rankings. The annual list draws significant interest from readers who follow the business sector and seek to learn about the influential leaders in the US economy. Walmart (WMT) has topped the list for 8 of the past 10 years, unseated only by ExxonMobil (XOM) in 2009 and 2012 when oil prices rebounded to near term highs. Many investors view a fall in rank or failure to make the list as an indication of weakness for a company or an …show more content…
Yet, the list is often overshadowed by the Fortune 500, which measures the top 500 companies measured by revenue. In many ways, the rapid turnover of companies listed at the bottom of the Fortune 1000 limits it from gaining the same mainstream acceptance as the smaller Fortune 500 list. For many years, researchers equated turnover as a proxy for positive economic churn and underlying strength in innovation and productivity. High churn rates isn't always a signal of strong business growth, instead it can mean an active merge and acquisition (M&A) environment, where large corporations purchase small