'Fortune,' Not One of the Best Companies to Work For, Names Best Companies to Work For

Fortune is out today with its annual list of the 100 best companies in the United States to work for — Genentech is best; Wegmans supermarkets are No. 2 — and the press release touting the list hails the attributes that make these companies so great, including a secure and supportive workplace culture, profit sharing, and minimally hierarchical corporate structure.

Fortune parent Time Inc. — which just before Christmas laid off 105 employees and promises many more cuts are coming, where profit sharing was eliminated in 2001 and stock options last year, and where chairman and CEO Ann Moore recently appointed two co-COOs and EIC John Huey created the position of editor of the People Group, in which Martha Nelson will prepare for her eventual elevation to editorial director — surprisingly did not make the list.

100 Best Companies to Work For 2006 [Fortune]