MGM MIRAGE Unveils 2005 Diversity Report
10 Maio 2006 - 6:51PM
PR Newswire (US)
Company Touts Diversity Education as Key to Corporate Merger and
Announces Forward Movement in HR, Purchasing, Construction and
Corporate Philanthropy LAS VEGAS, May 10 /PRNewswire-FirstCall/ --
MGM MIRAGE today heralded its diversity education program as a key
factor in helping create a unified company vision and a culture of
shared values following its merger with Mandalay Resort Group
(MRG). At the time of the merger in April 2005, MGM MIRAGE grew
from 11 to 23 hotel and casino properties, and increased from
40,000 to 70,000 employees throughout the U.S. (Photo:
http://www.newscom.com/cgi-bin/prnh/20060510/LAW121 ) Speaking at
the company's Annual Diversity Meeting that attracted more than
1,500 suppliers, employees, and community and business leaders from
throughout the U.S., MGM MIRAGE Chairman & CEO Terry Lanni said
the company's momentum is fueled by the integration of diversity
values into its workforce. "In an increasingly competitive
industry, we need all of the tools possible for enhancing our
performance, our efficiency, and our competitive strength. Refined
business systems are not enough because people are the engine of
our business. "To excel in the future, it is essential that we
continually develop our company culture to harness the potential of
every single employee, no matter what his or her position or level
in our company," Lanni said. "Diversity is key to tapping maximum
motivation and maximum performance from our teams at every level,
top to bottom; in all of our disciplines; across all of our
properties and businesses. Our premise is simple: an organization
that values the contributions of all people will derive the
contributions of its entire workforce." Since 2002 more than 1200
MGM MIRAGE employees have completed Diversity Champion workshops --
an industry-training first that fuses leadership, diversity and
professional development during three days of intense classroom
instruction. In addition to the impact of diversity education, the
company reported its corporate diversity accomplishments over a
year of challenges that included a major merger, a devastating
hurricane, and the development of Project CityCenter, the largest
privately-funded construction project in the U.S. The annual
meeting included a Diversity Expo, allowing more than 1000
minority, disadvantaged, and women-owned enterprises to meet
company buyers and to learn about business opportunities with MGM
MIRAGE and its properties. "In 2005, beyond moving the needles or
gauges, beyond building buildings, our efforts stretched beyond the
bounds of our enterprise," said Lanni. "We are evolving with the
recognition that the values of diversity are the values of the
community and, ultimately, the values on which America has
prospered." Since launching the diversity initiative in 2000, MGM
MIRAGE has been recognized as a leader in diversity both within the
gaming industry and beyond. By 2005, MGM MIRAGE was credited with
launching the gaming industry's first voluntary diversity
initiative; of leading the gaming industry with unique diversity
programming, including Diversity Champion training; and for being
the first in the gaming industry to report publicly its annual
diversity performance. The summary below highlights the company's
diversity performance in 2005. Due to reporting variances, the
summary does not merge human resources data, purchasing and
construction expenditures and philanthropy contributions from the
former MRG properties. In 2007 the MGM MIRAGE Annual Report will
merge diversity performance data from the former Mandalay Resort
Group to produce a report that reflects the entire company. Human
Resources The MGM MIRAGE workforce reflects the rich diversity
within society. As of year-end 2005, the company's minority
employee representation rose to 56 percent from 54 percent in 2004.
Currently, women comprise approximately 50 percent of the
workforce. Within ethnic minority populations: 26.48 percent is
Hispanic; 12.38 percent is African American; 15.21 percent is Asian
and 0.54 percent is Native American. Of minority managers and
above: 11.68 percent is Hispanic; 9.95 percent is African American;
9.70 percent is Asian and 0.50 percent is Native American. Within
MRG at year-end 2005, minorities comprised approximately 54.64
percent of the workforce. Of this number, Hispanics comprised 28.6
percent; African Americans comprised 10.69 percent; Asians
represented 14.49 percent and Native Americans were 0.58 percent.
Purchasing MGM MIRAGE maintains pro-active outreach to identify
minority, women and disadvantaged enterprises (MWDBEs) with which
to work. As a result, the number of registered MWDBEs in the MGM
MIRAGE Supplier Diversity program continues to expand. The
company's overall purchasing spend remained consistent when
compared to 2004, however, the total expenditures with MWDBEs
increased. In purchasing last year, the company spent $847 million
in biddable goods and services. Of this amount, a total of $95
million in biddable goods and services were spent with minority
enterprises and $24 million were spent with women-owned companies.
Within minority-owned enterprises: 31.3 percent was spent with
Hispanic-owned enterprises; 32.3 percent was spent with African
American enterprises, 33.2 percent was spent with Asian
enterprises; and 3.2 percent was spent with Native American
enterprises. Construction MGM MIRAGE has dedicated diversity
managers whose responsibility is to help ensure that MWDBE
participation is represented within capital improvement and related
projects. As a result at year-end 2005, total construction
expenditures totaled $386 million of which $11 million were spent
with women-owned businesses. Of the total spend, $90 million were
expended with MWDBEs: 48.5 percent was spent with Hispanic-owned
firms; 41.6 percent was spent with African American businesses; 4.5
percent was spent with Asian-owned companies; and 5.5 percent was
expended with Native American-owned firms. Philanthropy Giving back
to the communities in which its employees live and work is a
cornerstone of MGM MIRAGE's corporate citizenship. In 2005, of
total donations from its employee-directed charity the Voice
Foundation, contributions to nonprofit entities serving diverse
communities and organizations increased to 71 percent from 49
percent in 2004. Since its inception in 2002, the Voice Foundation
has dispersed more than $12 million dollars in employee donations
to charities and places where MGM MIRAGE does business.
Additionally, MGM MIRAGE's total corporate contributions in 2005
increased to 63 percent from 49 percent in 2004 to benefit
nonprofit organizations serving diverse and underserved
communities. According to Lanni, tangible gains have been
experienced among the pre-merger properties of MGM MIRAGE. "Every
needle in every category that we monitor shows upward movement.
However, as heartened as we are by the statistical measures of our
progress in 2005, mere numbers do not capture our most significant
diversity accomplishments. Our most notable development is the
progress we are making in using diversity as a medium for evolving
our company culture and maturing our value system," he said. About
MGM MIRAGE: MGM MIRAGE (NYSE:MGM), one of the world's leading and
most respected hotel and gaming companies, owns and operates 23
properties located in Nevada, Mississippi and Michigan, and has
investments in three other properties in Nevada, New Jersey and
Illinois. MGM MIRAGE has also announced plans to develop Project
CityCenter, a multi-billion dollar mixed-use urban development
project in the heart of Las Vegas, and has a 50 percent interest in
MGM Grand Macau, a hotel-casino resort currently under construction
in Macau S.A.R. MGM MIRAGE supports responsible gaming and has
implemented the American Gaming Association's Code of Conduct for
Responsible Gaming at its properties. MGM MIRAGE also has been the
recipient of numerous awards and recognitions for its
industry-leading Diversity Initiative and its community
philanthropy programs. For more information about MGM MIRAGE,
please visit the company's website at http://www.mgmmirage.com/.
Forward-Looking Statements This news release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995,
including statements about future financial and operating results.
These statements are based on management's current expectations and
beliefs and are subject to a number of risks, uncertainties and
assumptions that could cause actual results to differ materially
from those described in the forward-looking statements. The
pertinent risk factors for each company can be found in its Form
10-K on file with the SEC.
http://www.newscom.com/cgi-bin/prnh/20060510/LAW121
http://photoarchive.ap.org/ DATASOURCE: MGM MIRAGE CONTACT: Debra
Nelson, VP of Corporate Diversity & Community Affairs of MGM
MIRAGE, +1-702-650-7409, ; or Tracy Tramel, Media Relations of The
Caraway Group, +1-310-566-7447, , for MGM MIRAGE Web site:
http://www.mgmmirage.com/
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