News | January 21, 2020
Las Vegas Sands has been named one of the “World’s Most Admired Companies” in Fortune’s annual list of the most respected and reputable businesses, marking the company’s fourth straight appearance—and the seventh in eight years—on the annual list of global corporate leaders. Companies are named to the prestigious list based on input from peers, analysts and leaders in their industries.
“This is an honor and a testament to our Team Members’ unwavering commitment to deliver on our company’s plans and programs,” says Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands. “The strong reputation we have built as a collective group is due to our solid operational execution and management, our innovative approach to the hospitality industry and our responsible business practices. We are proud of our Team Members for embracing the company’s values and their continued loyalty. They have helped make Las Vegas Sands the company it is today.”
To develop the “World’s Most Admired Companies” list, Fortune collaborated with partner Korn Ferry Hay Group for a survey of corporate reputations. They began with 1,500 candidates, which included the 1,000 largest U.S. companies ranked by revenue along with the non-U.S companies in Fortune’s Global 500 database that have revenues of $10 billion or more. Korn Ferry then narrowed down the assortment to the highest-revenue companies in each industry, a total of 680 in 30 countries. The top-rated companies were chosen from that pool of 680, with the executives who voted being employees of the companies in that group. To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors and analysts to rate companies in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and the ability to attract talent. To be listed, a company’s score must rank in the top half of its industry survey to be ranked.