Saturday, April 18, 2015
How trustworthy is Lionbridge?
CEO Rory Cowan brags about the fact that Lionbridge Technologies has been selected by Forbes magazine to be for the second consecutive year among its list of the 100 most trustworthy companies in America. He says that "For nearly two decades, we've provided our clients, employees, partners and shareholders with the highest level of transparency, integrity and quality." How does he reconcile this glowing statement with his refusal, after we gave to Lionbridge and Microsoft more than 3 years of excellent work, to provide us with any paid time off nor any pay increase? What level of trust does he think we have in him and this company? Haven't we been compelled to file a charge against Lionbridge for bargaining in bad faith because they refuse to tell us how much Microsoft is paying for our work?
WALTHAM, Mass., April 8, 2015 /PRNewswire/ -- Lionbridge Technologies (Nasdaq: LIOX), today announced the Company has been recognized for the second consecutive year on Forbes' list of 'The 100 Most Trustworthy Companies in America.' Of the 100 ranked companies, only 10 have appeared on this list at least twice in the past three years, marking a significant milestone for Lionbridge.
To create this list, GMI Ratings, now a part of MSCI ESG Research, screened more than 5,500 publicly-traded North American companies to identify the 100 that most "consistently demonstrated transparent accounting practices and solid corporate governance." The companies are then ranked according to an "Accounting and Governance Risk" (AGR) score on a 100-point scale, which also signifies their level of trust. This year, Lionbridge scored a 93 out of a best possible 100 points, topping its score of 91 in 2014.
"For nearly two decades, we've provided our clients, employees, partners and shareholders with the highest level of transparency, integrity and quality. Our commitment to building and maintaining trust is pervasive in each of our 28 locations worldwide and is the reason many of the world's most prestigious global brands choose Lionbridge as their global partner, quarter after quarter, year after year," said Rory Cowan, CEO of Lionbridge. "To be recognized once again by Forbes is not only an honor, but a testament to the confidence we have instilled among these important Lionbridge stakeholders."
According to the Forbes report, the companies that make the list can be relied upon to accurately report financial outcomes, and are typically financially sound, demonstrating strong stock performance, and providing shareholders with greater levels of transparency.
The full Forbes list of 'The 100 Most Trustworthy Companies in America' can be accessed here.
About Lionbridge TechnologiesLionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Based in Waltham, Mass., Lionbridge maintains solution centers in 28 countries. To learn more, visit http://www.lionbridge.com.
SOURCE Lionbridge Technologies