Ecolab Named Among '100 Best Corporate Citizens' for Fourth Consecutive Year.Business Editors ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--April 1, 2003 For the fourth straight year, Ecolab Inc. has been named to Business Ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social magazine's list of "100 Best Corporate Citizens" in America. "This recognition is a reaffirmation of Ecolab's commitment to corporate integrity and good citizenship," said Ecolab's Chairman and 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. Allan L. Schuman Allan L. Schuman, age 71, is the former CEO of Ecolab, Inc. He resigned as chairman of the board in May 2006 and was named chairman emeritus, an honorary position. He worked at Ecolab for 49 years. Mr. . "We're very proud to have earned inclusion on this elite list again this year, as it underscores our commitment to the highest standards of corporate behavior. It is also a real credit to our people, whose actions give life and meaning to our corporate culture of Spirit, Pride, Determination, Passion, Commitment and Integrity." Ecolab rose 25 spots from last year's "100 Best" list, to rank 24th overall. The magazine's listing is published in the Spring 2003 issue of Business Ethics, and is based on data compiled by Boston-based KLD KLD Kullback-Leibler Divergence KLD Kullback-Leibler Distance KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice) Research and Analytics. The list was drawn from the Russell 1000, which is comprised of the 1,000 largest publicly trade firms, as well as 150 companies from the socially screened Domini Index. The aim of the list, according to Business Ethics, is to recognize "those with practices superior to their peers" in serving a variety of stakeholders. Business Ethics identifies these stakeholders as shareholders, community, minorities and women, employees, environment, non-U.S. stakeholders and customers. Information on lawsuits, pollution emissions, charitable contributions, employee benefits and more are used to determine scores for the ranking. "When an impartial social rating firm judged these firms' programs and practices, it found they were better than nine out of 10 peer firms," reads the article that accompanies the list. "These 100 companies excel at serving a variety of stakeholders well. And that's something worth celebrating." With sales of $3.4 billion, Ecolab is the leading global developer and marketer of premium cleaning, sanitizing, pest elimination, maintenance and repair products for the hospitality, foodservice, institutional and industrial markets. Ecolab shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Pacific Exchange under the symbol ECL (Emitter-Coupled Logic) A digital circuit composed of bipolar transistors in which the emitter ends are wired together. ECL gates switch faster than TTL gates, but consume more power. See TTL, I2L and bipolar. 1. . Ecolab news releases and other investor information are available on the Internet at www.ecolab.com. |
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