Forbes Magazine Names MGM MIRAGE as One of the 'Best Managed Companies in America'
08 Janeiro 2008 - 4:47PM
PR Newswire (US)
LAS VEGAS, Jan. 8 /PRNewswire-FirstCall/ -- Forbes magazine has
named MGM MIRAGE (NYSE:MGM) one of the "Best Managed Companies in
America," as part of its annual Forbes Platinum 400 list of
top-performing large corporations. MGM MIRAGE was one of nine
companies recognized in the "Hotels, Restaurants and Leisure"
category. The company also made the list in 2005. "The commitment
to outstanding performance from each of our employees made this
recognition possible," said Terry Lanni, Chairman and CEO of MGM
MIRAGE. The Platinum 400 list includes both American and foreign
corporations that have significant presence in the U.S. Contending
companies came from a pool of nearly 1,100 corporations that have
at least $1 billion in revenue in the most recent fiscal year, a
stock price of at least $5 per share and positive equity. To
identify leaders from each industry category, Forbes ranked
companies within their industry by many financial metrics,
including growth in sales and earnings, leverage, stock market
returns and earnings forecasts. From these ranks, each company
received a composite score. Next, a financial analytics firm
determined an overall score on each company for accounting and
governance practices, financial condition and earnings quality.
Finally, Forbes' editors and writers examined the top-ranked
companies in each industry and considered factors such as
management ability, innovation and leadership. About MGM MIRAGE:
MGM MIRAGE (NYSE:MGM), one of the world's leading and most
respected development companies with significant holdings in
gaming, hospitality and entertainment, owns and operates 17
properties located in Nevada, Mississippi and Michigan, and has 50%
investments in four other properties in Nevada, New Jersey,
Illinois and Macau. MGM MIRAGE is developing major casino and
non-casino resorts, separately and with partners in Las Vegas,
Atlantic City, the People's Republic of China and Abu Dhabi, U.A.E.
MGM MIRAGE supports responsible gaming and has implemented the
American Gaming Association's Code of Conduct for Responsible
Gaming at its properties. MGM MIRAGE has received 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/. 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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