No. 7
MERRILL LYNCH & CO.
WHY IT’S ON THE TOP 50: One of
the only brokerage firms that has made
a commitment to diversity, Merrill
Lynch is very strong in its Corporate
and Organizational Communications
of its diversity goals and successes.
SPECIALTY LISTS: No. 3 on The Top
10 Companies for Asian Americans,
No. 9 on The Top 10 Companies for
LGBT Employees
INDUSTRY: Financial Services
DIVERSITY STRENGTHS: With unbiased retention in its work force and
management across race/ethnicity
and gender, Merrill Lynch clearly has
a diverse pipeline of talent for all levels of the organization. The firm has
strong employee-resource groups,
which it has had for more than 10
years. The company also has a deep ANNUAL REVENUE: $11 billion
loyalty to its LGBT employees, which
is demonstrated by the variety of benefits it provides to same-sex partners
of employees.
Merrill Lynch spends almost 18
percent of its advertising budget with
multicultural media, compared with a Top 50 average of 15 percent. Merrill
Lynch also bolsters community relationships by offering training and financial assistance to its minority- and women-owned suppliers.
The company gets high marks for its commitment to its diversity values globally, offering mandatory diversity training worldwide and ensuring
both employees and their families are culturally competent wherever they
are stationed.
MAIN COMPETITORS: Credit Suisse,
Goldman Sachs, Morgan Stanley
U.S. HEADQUARTERS: New York, N. Y.
NUMBER OF U.S. EMPLOYEES: 47,300
John A. Thain
Chairman and CEO
OF OPERATIONS OUTSIDE U.S.: 37
Subha Barry
Managing Director,
Head of Global Diversity
& Inclusion
JOHN A. THAIN, CHAIRMAN AND CEO: “Merrill Lynch’s business is about
transforming a diversity of ideas into opportunities and solutions for our
clients. We believe that the strongest ideas driving our business benefit from
a wide range of perspectives.”
SUBHA BARRY, MANAGING DIRECTOR AND HEAD OF GLOBAL DIVERSITY AND INCLUSION: “Diversity and inclusion are critical to the future
of Merrill Lynch, and we have worked very hard to create an innovative and
collaborative environment where people are valued and comfortable joining
because they know that performance is what matters. Being among DiversityInc’s top 10 companies puts Merrill Lynch among the best companies in
America when it comes to diversity and inclusion and is a validation that the
focus across our businesses and regions on these critical issues is paying off.”
