Business leaders are worried about what-ifs – tariffs, inflation, AI, and other technologies making their companies obsolete. But amidst this uncertainty, one thing stands out: the stability of the Fortune 500.
The list of America’s largest companies has never been more stable, with only 22 companies displaced in the past year. Seven companies have made it to the top 10 every year for the past decade. Walmart, a No. 1 spot for 13 years, exemplifies this stability.
While it’s true that the Fortune 500 is based on recent financial results, the near future doesn’t seem measurably different from the recent past. CEO anxiety stems from potential economic or policy upheaval, but the relative calm suggests that something is amiss.
Tariffs, a major concern, are just starting to bite. Companies like Walmart and Amazon’s small sellers are passing on increased import costs to consumers, leading to higher prices and uncertain profits. However, this dynamic also presents opportunities for companies that can balance costs with revenue generation.
Warren Buffett, a 94-year-old icon of Fortune 500 stability, notes that uncertainty is inevitable but can be an opportunity in disguise. Crisis can shake people and companies out of their habits, leading to new possibilities. Good leaders will find ways to defend their interests while looking out for employees and communities.
While some companies will struggle, the Fortune 500 remains a benchmark of resilience. As CEO anxiety peaks, it’s worth watching how these companies navigate uncertainty and come out stronger on the other side.
Source: https://fortune.com/2025/06/02/fortune-500-walmart-turnover-ceo-buffett