Displaces J&J in the annual list of companies "most admired by major investors"
"If an Apple shareholder fell asleep in the summer of 2008 and didn't waken until Christmas 2009," writes Vito J. Racanelli, introducing The World's Most Respected Companies in this week's issue of Barron's Magazine, "he'd hardly notice anything had been amiss, based on the stock price."
Indeed stock performance seemed to be the primary criterion of the 70 investors who selected Apple from a list of the world's 100 largest companies, although lip service was paid, as always, to such things as strong management and ethical business practices -- "understandable," writes Racanelli, "given the drumbeat of criticism about allegedly dodgy practices throughout the corporate world and on Wall Street, in particular."
In any event, here's what Barron's had to say about Apple:
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