Best companies to work or to create value?
The Proof Is In The Profits: America’s Happiest Companies Make More Money
Following the production of the first “Best Companies To Work For” list published in Fortune magazine by Milton Moskowitz and Robert Levering, Jerome Dodson created the Parnassus Workplace Fund in 2005, a mutual fund that invests exclusively in large American firms proven to have outstanding workplaces.
Since its inception in April 2005 to January 2013, the fund outperformed S&P with a 9.63% annualized return against 5.58% by S&P.
Benefits such as meaningful form of profit sharing, health care and support of working mothers are giving companies not only in a place amongst the “100 Best Companies To Work For” but are also creating value to shareholders.