NetApp listed as ‘Best Company’ for 2008
California data management company NetApp’s benefits, cash reserves and lack of layoff announcements helped propel it to the top of Fortune’s best company list.
egalitarian culture includes a travel policy that reads,
we are a frugal company. But don’t show up dog-tired to save a few bucks. Use your common sense, Fortune said.
Benefits at NetApp, which has gained market share during the first year of a recession, include five paid days off for volunteer work and $11,390 for adoption aid, the magazine said.
NetApp, previously number 14 on the best company list, also has $2 billion in cash reserves — the better to ride out a slump, should it happen to get into one, CNN/Money said.
Edward Jones investments at No. 2 actually hired 698 financial advisers last year, Boston Consulting increased recruitment of minorities, Google — previously No. 1 — and supermarket chain Wegmans, which offers discounts and free yoga classes, make up the top five on this year’s list.
Cisco, Genentech, Methodist Hospital, Goldman Sachs and Nugget Market complete the list.