MGM MIRAGE makes Forbes list

Forbes magazine has named
MGM MIRAGE 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.
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