DiversityInc Top 50 Stock Index
By Luke Visconti
We’re very pleased to welcome back the DiversityInc Stock Index, calculated by Samuel A. Ramirez & Company, Inc. Our DiversityInc Top 50 list outperforms the Dow Jones Industrial Average and S&P 500 on a one-, three- and five-year basis. Our 2012 list also outperformed those indexes.
Many of you will remember that we used the Stock Index for four years prior to the subprime crash—which caused banks to upset our track record. I think it’s inaccurate to say “diversity” is the sole factor in making these companies stock-market winners, no more so than “inventory control” or “raw-material sourcing”—but I do think that “diversity” is a key aspect of superior corporate governance, especially in this YouTube era in which mistakes are amplified and ham-handed responses (or no response) are punished.