Corning, N.Y. — Corning’s leading person, John C. Corning Jr., was the top recipient of Forbes’ annual most powerful man honor last year, with $13.7 million.
He received more than $2.6 million in 2016, up from $1.9 million in 2015.
Corning has been one of the leading innovators and corporate leaders in the semiconductor industry for more than 30 years.
He also led the company through several challenging financial and strategic challenges, including the closure of the company’s main factory in Fremont, California.
Cornerstone Technologies, which was the world’s leading supplier of semiconductor products for semiconductor giant Intel, closed its Fremont plant in 2019.
The Forbes most powerful men honor recognizes the most powerful executives in the world who are considered to have the ability to make a difference.
Forbes named Corning its 2015 winner of the most successful person in business for a third straight year.
Corwin’s Corning News Leader, Corning Corp. , received $3.6 billion in cash in its fourth quarter of fiscal 2016, down from $6.4 billion in the same quarter a year earlier.
Coronix Inc., which became the largest chipmaker in the United States and is now part of AMD, received $2 billion in 2017, down 14% from $2,988 million in the previous year.CMCSA, the biggest technology company in the financial services industry, received a $5.9 billion cash infusion in its fiscal 2016.
Its capital expenditures were $5 billion, down 20% from fiscal 2016 when it was on pace to be one of top five companies in the industry.
Cisco Systems Inc. earned $1 billion in 2016 and $1,250 million in 2017.
The company said it expects to have cash flow from operations at the end of fiscal 2017 at $1 million.
The firm also has been in the news a number of times this year for its record-setting stock price.
Crosstabs, a technology company based in Texas, received more money in 2017 than any other company.
The technology company has a strong presence in the video game and mobile software markets, and its CEO, Brian Roberts, was a member of the Forbes list of the 100 most influential men in business.
