'Fortune' Names Xerox One of America's Top 50 Companies for Minorities; Citation Is Among Three Earned by Xerox This Week.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--June 27, 2003 For the sixth consecutive year, Xerox Corporation (company) XEROX Corporation - http://xerox.com/. See also XEROX PARC, XEROX Network Services. (NYSE NYSE See: New York Stock Exchange : XRX XRX Xerox Corporation (stock symbol) ) has been named to Fortune magazine's list of "50 Best Companies for Minorities," reflecting the company's consistent efforts to support an inclusive environment both inside and out. Xerox was noted for its sponsorship of scholarships for minority students pursuing technical or engineering degrees as well as its work-study internships. In addition, about one-third of Xerox's U.S. work force consists of minorities, and nearly one-quarter of its officials and managers. At No. 13, Xerox also was the highest-ranked technology company on the 2003 list. Fortune compiled results for its sixth annual list by surveying the Fortune 1000 plus the 200 largest private employers. Companies were evaluated on minority representation in the overall work force, among the highest-paid employees and among new hires, as well as on overall diversity programs, corporate philanthropy and commitment to using minority- and women-owned businesses as suppliers. "Anyone who believed that corporate America's devotion to diversity would wilt in the face of hard times should take a look at this year's Top 50," Fortune reports in its upcoming July 7 issue. "It has outdone out·do tr.v. out·did , out·done , out·do·ing, out·does To do more or better than in performance or action. See Synonyms at excel. the 2002 list across the board." Consistently recognized over the years for its leadership role in diversity, Xerox has a comprehensive set of diversity programs to support its goals, including balanced work force initiatives, minority and women supplier programs, six independent employee caucus groups, minority scholarship programs, an array of work-life benefits and other activities. In addition to the Fortune citation, Xerox this week received the 2003 Corporation of the Year award from the Upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. Regional Minority Purchasing Council Inc., for Xerox's continuing commitment to a world-class supplier diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. program. In 2002 Xerox purchased more than $20 million of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. from minority business enterprises in the upstate New York region, and provided educational opportunities through workshops, training classes and scholarships. Yesterday, Xerox received the Corporate Leadership Award from the Urban League of Southwestern Connecticut Southwestern Connecticut is a geographic region of the U.S. state of Connecticut. There are no official definitions for this region but generally includes one or more of the following official regions located entirely or partly in the southern part of Fairfield County: NOTE TO EDITORS: For more information about Xerox, visit www.xerox.com/news. XEROX(R), The Document Company(R) and the digital X(R) are trademarks of XEROX CORPORATION. |
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