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Results of 1991
- 2000 Baldrige Award Recipients 10-Year Common Stock Comparison Methodology: A hypothetical sum
was invested in each of the 1991-2000, publicly-traded Baldrige Award
recipient's common stock, in the year they applied for the Award. The
investment was tracked from the first business day of the month following
the announcement of the Award recipients, (or the date when they began
public trading, if it is later) through December 3, 2001. $1,000 was invested
in each whole company, and for subsidiaries the sum invested was $1,000
multiplied by the percent of the whole company's employee base the subunit
represented at the time of its application. The same total dollar amount
was invested in the Standard & Poor's (S&P) 500 on the same day.
If a subunit was sold to another parent company, or if a company divested
or merged, it was the subunit whose progress was followed, not the parent
company's progress. The value of the original stock at the time of sale
was determined and that dollar amount was reinvested in the new parent
company. 1991 - 2000 Publicly Traded Award Recipients
1991 - 2000 Publicly Traded Whole Company Award Recipients
Results of 1991-2000 Baldrige Site Visited Applicants 10-Year Common Stock Comparison Methodology: A hypothetical sum was invested in each 1991-2000 publicly-traded, site visited applicant's common stock in the year they applied for the Award or in the year they became public. The investment was tracked from the first business day of the month following the announcement of the Baldrige Award recipients (or the date when they began public trading, if it is later) through December 3, 2001. $1,000 was invested in each whole site visited company. For subsidiaries, the sum invested was $1,000 multiplied by the percent of the parent company's employee base the subunit represented at the time they received a site visit or at the time they became public as a result of a merger or acquisition by a new parent. The same total dollar amount was invested in the S&P 500 on the same day. Adjusting for stock splits, the value on December 3, 2001 was calculated. Information is reported two ways: all publicly-traded site visited applicants and only whole company site visited applicants. (Note: a company may be included multiple times if they received more than one site visit. Site visited applicants include those receiving an Award.) The 61 publicly-traded site visited applicants, as a group, outperformed the S&P 500 by approximately 1.15 to 1 achieving a 125.13% return compared to a 108.52% return for the S&P 500. The group of nine whole company site visited applicants outperformed the S&P 500 by approximately 1.48 to 1, achieving a 167.40% return compared to a 113.28% return for the S&P 500. Names of Baldrige applicants are kept confidential. A summary of the results follows.
1991 - 2000 Publicly Traded Whole Company Site Visited Award Applicants
AWARD RECIPIENTS
INCLUDED IN THE STOCK STUDY Whole Company
Award Recipients Subunit Award Recipients
(with parent company) 3M Dental Products
Division (1997) Armstrong Building
Products Operations (1995) AT&T Consumer
Communication Services (1994) AT&T Network Systems
- Transmission Systems Business Unit (1992) AT&T Universal
Card Services (1992) Boeing Airlift and
Tanker Programs (1998) Corning Telecommunications
Products Division (1995) Dana Commercial Credit
Corporation (1996) Dana Spicer Driveshaft
Division (2000) GTE Directories Corporation
(1994) Merrill Lynch Credit
Corporation (1997) Solar Turbines Incorporated
(1998) STMicroelectronics,
Inc. - Region Americas (1999) Texas Instruments
Incorporated - Defense Systems & Electronics Group (1992) The Ritz Carlton Hotel
Company (1992, first included in 1997 study, and 1999) Xerox Business Services
(1997) Zytec Corporation
(1991) |