…Global Public Market Capitalization Leaders – December, 1995 = 53% (16 of 30) USA-Based 275 Source: Bloomberg (as of 5/15/25) Global Public Companies Ranked By Market Capitalization – 12/31/95, per Bloomberg Rank 1995 Company HQ Country Sector Market Cap ($B) 1 Nippon Telegraph Japan Telco $128B 2 General Electric USA Industrials 120 3 AT&T USA Telco 103 4 Exxon USA Energy 100 5 Coca-Cola USA Consumer Products 94 6 Merck USA Healthcare 81 7 Toyota Japan Automotive 79 8 Roche Switzerland Healthcare 78 9 Altria USA Consumer Products 75 10 Industrial Bank of Japan Japan Finance 71 11 MUFG Bank Japan Finance 68 12 Sumimoto Mitsui Japan Finance 66 13 Fuji Bank Japan Finance 64 14 Dai-Ichi Kangyo Bank Japan Finance 61 15 UFJ Bank Japan Finance 59 16 Novartis Switzerland Healthcare 57 17 Procter & Gamble USA Consumer Products 57 18 Johnson & Johnson USA Consumer Products 55 19 Microsoft USA Software 52 20 Walmart USA Consumer Products 51 21 IBM USA Hardware / Software 51 22 DirecTV USA Media 49 23 Intel USA Hardware 47 24 BP United Kingdom Energy 46 25 Nestle Switzerland Consumer Products 45 26 Mobil USA Energy 44 27 PepsiCo USA Consumer Products 44 28 AIG USA Finance 44 29 Shell United Kingdom Energy 44 30 Sakura Bank Japan Finance 43 Public Market Capitalization Leader Tells of Last Thirty Years = Extraordinary USA Momentum…China Rising