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Press Releases MGM MIRAGE Among Black Enterprise’s “40 Best Companies for Diversity" LAS VEGAS - June 15, 2007- 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. Media Contacts: |