March 4, 2013
Motley Fool, multimedia financial-services company that provides financial solutions for investors through various stock, investing, and personal finance products, has named Cummins, Inc. its “Best Company in America.”
Cummins squared off against more than 1,700 potential nominees before ascending to the top of the website’s Top 25 list.
“Employees laud the company’s integrity, work-life balance, and culture of development,” according to the site’s listing. “Cummins has aggressively cut its own greenhouse gas emissions and invests significantly in education and philanthropy efforts across the globe. As more countries adopt progressively stricter efficiency and emissions standards, Cummins’ technological edge should prove an enduring advantage.”
“Several studies suggest that companies that focus on multiple stakeholders tend to achieve better financial performance over the long term,” authors Ilan Moscovitz and John Reeves said of their list of candidates. “Intuitively, this makes sense, too, because, as professor Ed Freeman of the Darden School of Business at the University of Virginia puts it, “business is about how customers, suppliers, employees, financiers, communities, and managers interact and create value.”
“We strongly believe that the greatest and most successful companies are those that are able to benefit all of the various groups.”