Home / Markets / Industries / Energy
Thursday, June 25, 2009
BLACK ENTERPRISE Announces the 40 Best Companies for Diversity
Comtex
NEW YORK, Jun 25, 2009 (BUSINESS WIRE) ----BLACK ENTERPRISE has announced its fifth annual listing of the 40 Best Companies for Diversity as featured in the July 2009 issue. The companies identified in this special report demonstrated strength and outperformed their peers in one or more of four key categories: board representation, employee base, senior management, and supplier diversity.
Of the 40 best, both McDonald's Corp. and WGL Holdings Inc. met the BLACK ENTERPRISE criteria in all four categories. Among the companies that hit the mark in three of the four areas are AFLAC Inc., The Coca-Cola Co., Fannie Mae, MGM Mirage, Pepco Holdings Inc., PG&E Corp., Pitney Bowes, Sodexo Inc., and TIAA-CREF. Making their first appearance on this list are Freddie Mac and Northern Trust Corp.
The full list of the Black Enterprise 40 Best Companies for Diversity is as follows:
CALIFORNIA
PG&E Corp., San Francisco
Sempra Energy, San Diego
CONNECTICUT
Aetna, Hartford
Pitney Bowes, Stamford
DISTRICT OF COLUMBIA.
Fannie Mae, Washington
Pepco Holdings Inc., Washington
WGL Holdings Inc., Washington
FLORIDA
Burger King Inc., Miami
Darden Restaurants Inc., Orlando
GEORGIA
Aflac Inc., Columbus
United Parcel Service Inc., Atlanta
The Coca-Cola Co., Atlanta
ILLINOIS
Exelon Corp., Chicago
McDonald's Corp., Oak Brook
Northern Trust Corp., Chicago
State Farm Insurance Cos., Bloomington
KENTUCKY
Yum! Brands Inc., Louisville
MARYLAND
Marriott International Inc., Bethesda
Sodexo Inc., Gaithersburg
MICHIGAN
Kellogg Co., Battle Creek
Ford Motor Co., Dearborn
General Motors Corp., Detroit
MINNESOTA
General Mills, Minneapolis
NEVADA
MGM Mirage, Las Vegas
NEW JERSEY
Verizon Communications Inc., Basking Ridge
NEW YORK
American Express Co., New York
Citigroup Inc., New York
International Business Machines Corp., Armonk
Pepsi Bottling Group Inc., Somers
PepsiCo Inc., Purchase
Starwood Hotels & Resorts Worldwide, White Plains
Tiaa-Cref, New York
Toyota Motor North America Inc., New York
Xerox Corp., Rochester
NORTH CAROLINA
Bank of America Corp., Charlotte
OHIO
Procter & Gamble Co., Cincinnati
TENNESSEE
FedEx Corp., Memphis
TEXAS
AT&T Inc., Dallas
Comerica Inc., Dallas
VIRGINIA
Freddie Mac, McLean
The 2009 40 Best Companies for Diversity were determined by analyzing responses from a survey administered to major corporations. BE conducted a comprehensive outreach effort to the CEOs and diversity executives of the top 1,000 publicly traded companies, as well as the diversity executives of the 50 leading global companies with strong U.S. operations.
Plus: The Great Recession of 2008-2009 has been brutal. Since December 2007, when the recession started, nearly 6 million workers have been cut from employer payrolls. For African Americans, the jobless rate has reached a staggering 15%, the worst number in more than 20 years. Although hires fell to their lowest rates in eight years nationwide, according to the Bureau of Labor Statistics, there are close to 3 million jobs available in the U.S. Approximately 40,000 of those positions are available among the companies that made the BLACK ENTERPRISE list of the 40 Best Companies for Diversity this year. Log on to www.blackenterprise.com/diversity for links to areas of opportunity.
The complete special report, including methodology and selection criteria, is available in the July 2009 issue of BLACK ENTERPRISE magazine, on newsstands June 30.
BLACK ENTERPRISE, your ultimate source for wealth creation, is the premier business, investing, and wealth-building resource for African Americans. Since 1970, BE has provided essential business information and advice to professionals, corporate executives, entrepreneurs, and decision makers. Every month, BLACK ENTERPRISE magazine provides 4.3 million readers with information on entrepreneurship, careers, and financial management. A multimedia company, BE also produces radio and television programming, business and lifestyle events, Web content, and digital media. BLACK ENTERPRISE is the definitive source of information for and about African American business markets and leaders, and the authority on black business news and trends.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5995191&lang=en
SOURCE: BLACK ENTERPRISE
BLACK ENTERPRISE Andrew Wadium Media Relations Director Phone: 212-886-9598 wadiuma@blackenterprise.com
Copyright Business Wire 2009 ********************************************************************** As of Sunday, 06-21-2009 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 10-24-2008 for FNM @ $0.64. As of Sunday, 06-21-2009 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 12-04-2008 for MCD @ $60.71. As of Sunday, 06-21-2009 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 10-28-2008 for PCG @ $36.00. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2009 Comtex News Network, Inc. All rights reserved.
FOX Translator
No data currently available.
No data currently available.
Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
