[2] Frank Russell Company ranks 13th on Fortune's ''100 Best Companies to Work For in America''.Business Editors TACOMA, Wash.--(BUSINESS WIRE)--Dec. 21, 1999 Russell Joins Elite Group of Top-Ranked Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Firms Fortune magazine's third-annual list of the "100 Best Companies to Work for in America" rates Frank Russell Frank Russell may refer to the following people:
Russell, which was acquired by The Northwestern Mutual Life Insurance Company on January 1, 1999, was recognized for a culture that places its employees first among business priorities. Last year the company ranked 15th on the Fortune list. "The Northwestern Mutual acquisition reaffirmed this company's dedication to our associates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world, to the local communities in which we work and live, and to our clients," said Russell CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Michael Phillips Michael Phillips may refer to:
In addition to providing a supportive work environment, Russell offers its associates a tuition reimbursement program, flexible work hours for many positions, a two-week sabbatical after 10 years, several recognition programs, medical and dental insurance Dental insurance is insurance designed to pay the costs associated with dental care. Dental insurance pays a portion of the bills from dentists, hospitals, and other providers of dental services. , a generous profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of plan, and broad eligibility for its equity incentive programs. In the recently completed transaction with Northwestern Mutual, all associates who had been employees for at least six months benefited from Russell's equity plans. Other financial services firms in the top 20 include Charles Schwab Charles Schwab can refer to:
MBNA Mercedes-Benz North America MBNA Maryland Bank, National Association MBNA Maryland Bank North America MBNA Mount Baker Nurses Association (Bellingham, Washington) Corporation. A.G. Edwards, a U.S. distributor of Russell funds for individual investors, ranks 37th on the list. The Jan. 10 edition of the magazine is due on newsstands Dec. 27. The rankings are available now at www.fortune.com. "Our company has reinvented itself many times, but our prevailing belief is that if we take care of our people, they will take good care of our clients and our future as a growing service organization. In a knowledge-based business like long-term investment management, it's our people who add value for our clients," said Phillips. To be eligible for the top 100 list, a company had to be at least 10 years old and have a minimum of 500 employees. Fortune collaborated with best-selling authors Robert Levering and Milton Moskowitz to compile the list, using methodology similar to that used for their book, "The 100 Best Companies to Work for in America." Levering and Moskowitz, who have tracked companies since 1981, searched their database of more than 1,000 firms and selected 236 as the most viable candidates for this list. Employees of the selected companies completed a Great Place to Work Trust Index designed to evaluate trust in management, pride in work and camaraderie, along with the Hewitt People Practices Inventory, a 31-page questionnaire. Firms also were asked to submit company newsletters, employee handbooks and videos. Companies were rated on a 175-point scale, based on responses from the employee survey, the written comments, the inventory questionnaire and the supporting material. Russell also ranked first regionally, leading other Pacific Northwest companies on the list such as Microsoft (21st), WRQ (WRQ, Inc., Seattle, WA, www.wrq.com) A software company that specialized in terminal emulation and NT-Unix integration products. Founded in 1981 as Walker Richer and Quinn, Inc., a consulting firm in minicomputer and mainframe applications, it introduced an HP terminal emulator for the Inc. (28th), REI (69th), Starbucks (88th) and Nordstrom (94th). The Container Store, the Dallas-based retail chain, took top honors. Frank Russell Company, one of the world's leading investment management and consulting firms, provides investment funds, advice and analytical tools to institutional and individual investors in more than 30 countries. Russell, with more than $50 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , has operated its manager-of-manager funds business since 1980. With clients such as AT&T, Hitachi, BHP and General Motors, Russell also has served since 1969 as consultant to some of the world's largest corporations and today advises clients representing more than US$1 trillion worldwide. Founded in 1936, Russell is headquartered in Tacoma, Wash., and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. Frank Russell Company, a Washington, USA corporation, operates through subsidiaries worldwide. Photos and background information are available at http://www.russell.com |
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