MGM MIRAGE Chairman & CEO Terry Lanni Honored for Diversity Leadership
LAS VEGAS - November 2, 2007- Diversity Best Practices (DBP) recently honored MGM MIRAGE Chairman & CEO Terry Lanni with the "2007 CEO Diversity Leadership Award" for demonstrating outstanding diversity leadership in corporate America. He was named among other leading chairmen of Fortune 500 companies at the organization's 14th Annual Diversity and Inclusion Leadership Summit & Gala in Washington, D.C.
Lanni accepted the award on behalf of all MGM MIRAGE employees.
"I am privileged to have a leading role among the thousands of MGM MIRAGE employees who are integrating diversity across our entire enterprise," said Lanni. "This recognition is a testament to our dedication to create a culture that inspires 100 percent involvement from 100 percent of our employees."
Lanni cited MGM MIRAGE's groundbreaking Diversity Champion training as the backbone of the company's cultural transformation. The program has been a catalyst for directing the focus and energy of company management and employees into building high-powered teams that are transforming the way the company does business.
"Perhaps the most significant impact of our Diversity Initiative is the evolution it is fostering in our work culture and environment," Lanni stated. "Another key development has been the increasing involvement of our executive teams. Our property presidents now have a critical mass of Diversity Champions throughout their organizations that are leveraging our Diversity Initiative to meet the needs of their individual properties and foster better employee communications, higher employee engagement and more effective teams."
MGM MIRAGE established the first voluntary diversity initiative in the gaming industry in 2000 and annually reports its diversity performance to demonstrate transparency and accountability. In 2006, the company's minority employee representation totaled more than half of the workforce at 56.2 percent. Of the company's employees at the manager level and above, 32% are minority. Also in 2006, $150 million in biddable goods and services was spent with minority enterprises, 11% of the company's total procurement spend. The company's construction expenditures totaled $1.3 billion, of which $276 million was spent with minority-, women- and disadvantaged-owned businesses. More information on the company's Diversity Initiative can be found at www.mgmmiragediversity.com.
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