(PRESS RELEASE) — MGM Resorts International has once again been named to Fortune’s list of the “World’s Most Admired Companies.” Full results are available online.
MGM Resorts climbed to No. 4 this year in the Hotel, Casino and Resort sector of the list, up from No. 6 last year. Twelve hospitality companies in all contended for the top spots in the sector.
To determine the best-regarded companies in 51 industries, 3,800 executives, directors and analysts were asked to rate enterprises in their own industry. Rankings were based on nine criteria, including investment value, quality of management, social responsibility, products and ability to attract talent.
“This prestigious recognition is a testimony to the hard work and excellence of our 77,000 employees, and the strength of our leadership team,” said Jim Murren, Chairman & CEO of MGM Resorts International. “Ultimately our people and our leadership in innovation, social responsibility and quality environments combine to deliver a world-class experience to every guest,” Murren added.
The “World’s Most Admired Companies” list is a leading report card on corporate reputations. Survey collaborator Korn Ferry Hay Group started with approximately 1,500 companies: the Fortune 1,000 — the 1,000 largest U.S. companies ranked by revenue — and non-U.S. companies in Fortune’s Global 500 database with revenues of $10 billion or more. Korn Ferry Hay Group then winnowed the assortment to the highest-revenue companies in each industry, a total of 680 in 28 countries. The top-rated companies were picked from that pool of 680 by executives who work at the companies in that group. A company’s score must rank in the top half of its industry survey to be listed.