#5: Verizon Communications (Wireline)
CEO: Ivan Seidenberg (also chairman)
Revenue: $21.12 billion (down .5 percent)
With more than 30,000 employees and a global IP footprint in 150 countries across six continents, Wireline - Verizon Business serves more than 70,000 customers, including 98 percent of the Fortune 500.
"In this challenging economic environment, we remain focused on delivering value to customers and on returning cash to our shareowners, with an attractive dividend," said Seidenberg in a statement regarding first quarter earnings. "Verizon is in a unique position. We are tapping into new market opportunities in wireless, broadband, video and global enterprise, and we already have the assets and capabilities to sustain our cash flows and grow total shareholder returns."