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Author: JohnnyX Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 218  
Subject: Another reason for pride in this company Date: 9/1/2005 2:47 PM
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Harrah's appears to have stepped up to the plate in response to Hurricane Katrina.

LAS VEGAS – Aug. 30 , 2005 -- Harrah's Entertainment, Inc. (NYSE:HET) today announced a plan to provide its employees in the affected Gulf Coast communities with much-needed emergency relief supplies and money in the wake of Hurricane Katrina. Harrah's will continue providing its more than 6,000 employees from the casinos in Biloxi, Gulfport and New Orleans with their regularly scheduled base pay for up to 90 days. In addition, Harrah's announced the establishment of the Harrah's Employee Recovery Fund with an initial $1 million grant from the Harrah's Foundation.
“Our main priority is for our employees to focus on taking care of themselves and their loved ones,” said Gary Loveman, Harrah's Entertainment chairman, chief executive officer, and president. “To help them in the near-term as the Gulf Coast begins the recovery from this devastating hurricane, Harrah's will continue to provide base-pay to our employees for up to 90 days.
“In addition to providing immediate relief, the Harrah's Employee Recovery Fund will help our employees with the long rebuilding task,” he continued. “Along with the Harrah's Foundation grant to the recovery fund, we began distributing payroll deduction contribution forms to all of our nearly 100,000 Harrah's employees nationwide so they have the opportunity to pitch in and support the relief efforts. I'm asking all of Harrah's business partners to join us with their contributions to this important recovery fund.”


http://www.harrahs.com/hurricane/

Yours truly,
Mr. X

...glad to hear it...

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