MGM MIRAGE Champions Diversity Evolution
23 Maio 2007 - 10:32PM
PR Newswire (US)
Company Reports Impact of Diversity Initiative in Business and
Community LAS VEGAS, May 23 /PRNewswire-FirstCall/ -- MGM MIRAGE
today announced that its Diversity Initiative continues to
experience gains in key areas such as human resources, strategic
sourcing, construction and corporate philanthropy. Details of the
company's performance are published in its Annual Diversity Report
released today. (Photo:
http://www.newscom.com/cgi-bin/prnh/20070523/LAW102-a
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http://www.newscom.com/cgi-bin/prnh/20070523/LAW102-d ) Since 2000,
MGM MIRAGE has reported its diversity performance to demonstrate
transparency and accountability. This year the report focused on
the evolution of the voluntary initiative and its transformative
impact on the company's culture, employees, suppliers and business
relationships and in the communities where it has operations. "I am
proud to report that on its seventh anniversary, our Diversity
Initiative is robust, dynamic and growing in impact -- both within
our company and beyond," said MGM MIRAGE Chairman and CEO Terry
Lanni. "In our report for 2006, every empirical benchmark by which
we evaluate our diversity gains showed upward momentum. But more
than that, a hallmark of diversity is the opportunity it creates
for success that transforms lives -- of our employees, our
suppliers, our business partners and our communities." According to
Lanni, MGM MIRAGE's Diversity Initiative transcends the race and
gender platforms that often underlay traditional diversity efforts.
"We are incorporating a comprehensive global perspective into our
diversity matrix. As we extend our brands and business operations
across the world, we must be ready to meet the challenges of
business in a global environment. Through our Diversity Initiative
we are not only better preparing our workforce to embrace our
multicultural customers from across America and abroad, but we are
also envisioning how diversity values will assimilate into our
operations in foreign venues," Lanni said. More than 1,100
employees, suppliers, contractors and community and business
leaders from throughout the U.S. gathered in Las Vegas to learn
about the company's 2006 diversity results. Summarized below are
highlights of the report: Human Resources The MGM MIRAGE workforce
continues its cultural transformation within its U.S. population.
In 2006, the company's minority employee representation totaled
more than half of the workforce at 56.2 percent. Women comprise
just over half of employees at 50.7 percent. By ethnicity, the
workforce comprises: 27.6 percent Hispanic; 15.9 percent Asian;
11.4 percent African American; and 0.55 percent Native American. As
for minority managers and above: 10.4 percent is Hispanic; 10.2
percent is Asian; 9.8 percent is African American; and 0.50 percent
is Native American. Purchasing MGM MIRAGE reports success in
broadening the base of minority, women and disadvantaged
enterprises (MWDBEs) with which it works. In 2006, the number of
registered MWDBEs in the MGM MIRAGE Supplier Diversity program
continued to expand. The company's overall purchasing spend
remained strong and the total expenditures with MWDBEs increased.
For purchasing in 2006, the company spent $1.3 billion in biddable
goods and services. Of this amount, a total of $150 million in
biddable goods and services was spent with minority enterprises.
This reflects an increase of $7 million from $143 million in 2005.
A total of $34 million in biddable goods and services was spent
with women-owned companies. By ethnicity, of minority-owned
enterprises: 23 percent was spent with Asian enterprises; 23
percent was spent with African American enterprises; 17 percent was
spent with Hispanic-owned enterprises; and 4.9 percent was spent
with Native American enterprises. Construction MGM MIRAGE's
outreach spans the nation to ensure that MWDBEs have opportunity to
contract with its myriad of development and capital improvement
projects. As a result, in 2006, the total construction expenditures
totaled $1.3 billion, of which $276 million was spent with MWDBEs
and of that amount $71 million was spent with women-owned
businesses. By ethnicity of minority-owned businesses the totals
equaled: 69 percent was spent with African American businesses; 24
percent was spent with Hispanic-owned firms; 3 percent was expended
with Native American-owned firms; and 3 percent was spent with
Asian-owned companies. Philanthropy MGM MIRAGE takes a leadership
role in corporate citizenship through its employee-funded Voice
Foundation and corporate philanthropy. In 2006, of the total
donations from the Voice Foundation, grants to nonprofits serving
diverse communities and organizations increased by 16 percent over
the previous year. Since its inception in 2002, the Voice
Foundation has dispersed more than $17 million in employee
donations to charities and places where MGM MIRAGE does business.
Corporate charitable diversity-related contributions increased to
$3.8 million. About MGM MIRAGE: MGM MIRAGE (NYSE:MGM), one of the
world's leading and most respected hotel and gaming companies, owns
and operates 19 properties located in Nevada, Mississippi and
Michigan, and has investments in three other properties in Nevada,
New Jersey and Illinois. The Company has entered into an agreement
to sell its Colorado Belle and Edgewater properties located in
Laughlin, Nevada. In addition, the Company has major new
developments under construction in Nevada, Michigan and Macau
S.A.R. CityCenter is a multi-billion dollar mixed-use urban
development in the heart of the Las Vegas Strip; a new MGM Grand
hotel and casino complex is being built in downtown Detroit; and
the Company has a 50% 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/20070523/LAW102-a
http://www.newscom.com/cgi-bin/prnh/20070523/LAW102-b
http://www.newscom.com/cgi-bin/prnh/20070523/LAW102-c
http://www.newscom.com/cgi-bin/prnh/20070523/LAW102-d
http://photoarchive.ap.org/ DATASOURCE: MGM MIRAGE CONTACT: Media,
Debra Nelson, Vice President - Corporate Diversity, Communications
& Community Affairs of MGM MIRAGE, +1-702-650-7421, ; or Tracy
Tramel, Media Relations of The Caraway Group, +1-310-482-1717, ,
for MGM MIRAGE Web site: http://www.mgmmirage.com/
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