Top 50
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Company
Verizon Communications/Wireless
Con Edison Co. of New York
The Coca-Cola Co.
Health Care Service Corp.*
HBO**
PricewaterhouseCoopers*
Turner Broadcasting**
Abbott
BellSouth
Blue Cross and Blue Shield of Fla.*
JPMorgan Chase
Comerica
HSBC
Sodexho
Cingular Wireless*
Colgate-Palmolive
Wells Fargo
PepsiCo
Sempra Energy
Macy’s/Bloomingdale’s
Wachovia
Marriott International
Allstate
Ernst & Young*
Bank of America
IKON Office Solutions
Citigroup
Sun Trust Banks
Toyota North America
American Express
Hewlett-Packard
Cox Communications*
Starwood Hotels
Merck & Co.
Bausch & Lomb
Kaiser Permanente*
Ford Motor Co.
Kraft Foods
Sprint Nextel
MGM MIRAGE
Harris
Novartis Pharmaceutical Corp.
DaimlerChrysler
Merrill Lynch & Co.
Starbucks Coffee Co.
SC Johnson*
WellPoint
Prudential Financial
Compuware
Darden
*These companies are not in The 2006
DiversityInc Top 50 Companies for Diversity
Index, which only includes the 42 publicly
traded companies in The DiversityInc 2006
Top 50 Companies for Diversity list.
**Traded as Time Warner. © 2006 DiversityInc
208 | DiversityInc June 2006
Top 50 Index
DiversityInc Top 50 Index Return for 10 Years
1996 2006
250
SP500
Top 50 Index
200
DJIA
150
NASDAQ
100
50
0
96 97 98 99 00 01 02 03
04 05 06
The reconfigured 2006 DiversityInc Top 50 Companies for Diversity
Index more clearly makes the financial case for strong diversity management. When the 2006 DiversityInc index is examined for 10-year
performance, it outperforms the Nasdaq by 28. 2 percent, the Standard &
Poor’s (S&P) 500 by 24. 8 percent and the Dow Jones Industrial Average
(DJIA) by 22. 5 percent. The DI Top 50 Index is competitive on a one-,
three- and five-year basis as well.
If we look at the 2006 DI Top 50 Index’s return for one year from March
16 to April 23, we also see it outperforming the other indexes. Several major
companies reported lower-than-anticipated first-quarter earnings as well, further depressing the markets. All the indexes were flat during that period, as
crude-oil prices and the value of the U.S. dollar decline.
Yet the DI Top 50 Index was the only one with a small gain, up 0.05 percent while the others were completely level.
Keep in mind that with only 42 publicly traded stocks, the volatility of
one stock impacts the DI Top 50 more strongly than the larger indexes.
In this month studied, one stock on the DI Top 50, Bausch & Lomb,
dropped 41 percent after suspending sales of ReNu contact-lens solution
after a lawsuit was filed alleging the company failed to tell consumers about
an inherent defect that can result in serious eye infections. DI
