MGM MIRAGE Among Black Enterprise's '40 Best Companies for Diversity'
13 Junho 2006 - 8:41PM
PR Newswire (US)
LAS VEGAS, June 13 /PRNewswire-FirstCall/ -- MGM MIRAGE has been
named one of the "40 Best Companies for Diversity" by Black
Enterprise (BE) magazine. This is the second consecutive year that
the company has been named to the list. According to MGM MIRAGE
Chairman and CEO Terry Lanni, recognition by Black Enterprise is a
significant accomplishment for the company and its 70,000
employees. "It is a great honor to be recognized for our diversity
efforts by such a prominent publication. As we progress on this
continuous journey, our work in diversity will require dedication,
diligence and creativity of which we are committed," Lanni said. To
select the best companies, BE editors conducted an extensive survey
of the top 1,000 publicly traded companies and 50 leading global
companies with significant U.S. operations. The survey focused
primarily on company activities with participation of African
Americans and members of other ethnic minority groups. Companies
were evaluated in four key categories: corporate procurement,
corporate governance, total workforce diversity and minority
representation in senior management. BE editors also evaluated
diversity programs and consulted with corporate diversity officers,
senior managers, minority suppliers and diversity experts to
determine the "40 Best Companies for Diversity." "These 40
companies truly understand the value of a diverse workforce and
inclusive business practices to the success of their business,"
said BE President and CEO Butch Graves. "They are role models in
corporate America, and it is our sincere hope that other companies
will follow their lead and build businesses that are more
reflective of the society in which we live." This year BE commended
MGM MIRAGE for its strengths in the areas of corporate procurement,
corporate governance and minority representation in senior
management. Additionally, the company was named to the following BE
lists: "10 Best in Supplier Diversity," "10 Best in Senior
Management Diversity" and "10 Best in Board Diversity." Since 2001,
when MGM MIRAGE launched its supplier diversity program, the
company has maintained proactive outreach to identify minority,
women and disadvantaged enterprises (MWDBEs) with which to work.
Last year, the company spent a total of $95 million in biddable
goods and services with MWDBEs, in which over 30 percent was
expended with African American-owned enterprises. MGM MIRAGE is the
first in the gaming industry to report its diversity spending. In
2005, MGM MIRAGE's ethnic minority workforce rose to 56 percent
from 54 percent in 2004. Approximately 30 percent of those
employees are in management positions. Additionally, the company's
15-member board of directors includes three African Americans, two
of whom are women. The complete list of the BE "40 Best Companies
for Diversity" will be published in the July 2006 issue available
on newsstands June 27. 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/. About Black Enterprise: Black
Enterprise, your ultimate guide to financial empowerment, is the
premier business and investment resource for African Americans.
Since 1970, BE has provided essential business information and
advice to professionals, corporate executives, entrepreneurs, and
decision makers. The monthly publication provides 3.9 million
readers with information on entrepreneurship, careers, and
financial management. As the definitive source of information for
and about African American business markets and leaders, BE is the
authority for business news and trends. DATASOURCE: MGM MIRAGE
CONTACT: Reggie Burton, +1-702-650-7438, , or Laura Garcia,
+1-702-650-7439, , both of MGM MIRAGE Web site:
http://www.mgmmirage.com/
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