Monday, Dec 20, 1999
South San Francisco, Calif. -- December 20, 1999 --Genentech, Inc. (NYSE: DNA) today announced that it has been named to FORTUNE Magazine's third annual list of "100 Best Companies to Work for in America" featured in the January 10, 2000 issue. Genentech was named to this prestigious list in 1999 as well and rose in its 2000 ranking to number 32 from number 56 in the 1999 list.
"It is indeed an honor to earn a position on the FORTUNE 100 list once again," said Arthur D. Levinson, Ph.D., Genentech chairman and chief executive officer. "Since the company's founding by Herb Boyer and the late Robert Swanson, Genentech has nurtured a unique and exciting culture dedicated to helping people. Our employees make this company successful and make a positive difference in people's lives."
As part of Genentech's extensive employee programs, the company rewards its employees with a benefits plan that includes a paid sabbatical after 6 years, one of the largest corporate-sponsored daycare centers in the country, on-site concierge service, health seminars and company-sponsored fitness facility. The company also offers an employee stock purchase plan, eligibility to all employees for stock options and on-the-spot bonuses for exceptional work.
Genentech, Inc. is a leading biotechnology company that discovers, develops, manufactures and markets human pharmaceuticals for significant unmet medical needs. Twelve of the approved products of biotechnology stem from Genentech science. Genentech markets seven products directly in the United States. The company has headquarters in South San Francisco, California and is traded on the New York Stock Exchange under the symbol DNA.
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