MGM MIRAGE Among Black Enterprise's '40 Best Companies for Diversity'
15 Junho 2007 - 4:01PM
PR Newswire (US)
Company also named to two 'Top 15' sub lists LAS VEGAS, June 15
/PRNewswire-FirstCall/ -- MGM MIRAGE has been named one of the "40
Best Companies for Diversity" by Black Enterprise (BE) magazine.
The company is ranked for the third consecutive year and is the
only company in the gaming industry to make the list. According to
MGM MIRAGE Chairman and CEO Terry Lanni, recognition by BE is a
significant accomplishment for the company and its 67,000
employees. "It is a great honor that our diversity efforts have
been recognized for the third year in a row by such a prominent
publication," said Lanni. "Our Diversity Initiative is robust,
dynamic and growing in impact both within our company and across
the country." In its article, BE commended MGM MIRAGE for its
strengths in the areas of procurement, senior management and
corporate governance. Additionally, the company was named to two
sub lists -- the "15 Best Companies for Corporate Board Diversity"
and "15 Best Companies for Supplier Diversity." To select the best
companies, BE evaluated diversity programs, consulted with
diversity experts and corporate diversity officers, and conducted
an extensive survey of more than 1,000 of America's largest
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. This year, BE evaluated
companies on senior management, marketing diversity, workforce,
corporate board, and supplier diversity. Currently, four of the 16
members of the MGM MIRAGE Board of Directors are minorities.
Additionally, in 2001 the company established the Diversity
Committee of the Board to oversee diversity implementation
throughout the enterprise. The committee is chaired by the
Honorable Alexis M. Herman, former U.S. Secretary of Labor. The
company has also maintained proactive outreach to identify
minority, women and disadvantaged enterprises (MWDBEs) to do
business with. Last year, the company spent a total of $1.3 billion
in biddable goods and services with MWDBEs, of which over 20
percent was expended with African American-owned enterprises. MGM
MIRAGE is the first in the gaming industry to report its diversity
spending. The complete list of BE's "40 Best Companies for
Diversity" is featured in the July issue. About MGM MIRAGE: MGM
MIRAGE (NYSE:MGM), one of the world's leading and most respected
hotel and gaming companies, owns and operates 17 properties located
in Nevada, Mississippi and Michigan, and has investments in three
other properties in Nevada, New Jersey and Illinois. 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/. About Black Enterprise: Black Enterprise
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 a bout African American business markets and leaders, BE is
the authority for business news and trends. DATASOURCE: MGM MIRAGE
CONTACT: Reggie Burton, +1-702-650-7348, , or Laura Garcia,
+1-702-650-7439, Web site: http://www.mgmmirage.com/
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