Valero 2002 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2002 Valero annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

18 OPERATIONS
6.5 MILLION REASONS THAT VALERO IS A BETTER COMPANY TODAY
It’s remarkable to consider that Valero more than doubled in size and added 18,000 employees in less than
a year as a result of the UDS acquisition. But it’s even more remarkable considering the fact that the
company was able to retain its unique corporate culture. In fact, Valero did such a great job of integrating
the employees that it moved up the list of Fortune Magazine’s “100 Best Companies to Work for in
America,” which is significant because 80 percent of the employees were new to the company.
One of the reasons for this success is Valero’s special caring and sharing spirit, which encourages
employees to care for their colleagues and communities. And Valero’s employees—old and new—showed
their spirit and gave generously of their time and money in 2002.
Valero and its employees donated a record-breaking total of $6.5 million to the United Way. Not only was
it the biggest contribution Valero had ever given, it was 30 percent higher than the combined total for
both companies’ separate campaigns during the previous year. In addition, the company’s employees
donated a record-breaking 140,000 hours of time to volunteer for everything from food drives and
fund-raisers to community events and clean-up projects.
Making a difference in the lives of others has been the foundation of Valero’s success for more than 20 years.
And with Valero’s tremendous growth, its employees have made an even bigger commitment and have been
able to make a bigger impact on their communities. As a result, Valero is a better company than ever before.
BIGGER COMMITMENT,
BETTER COMPANY
Valero’s Pipeline in the Texas Panhandle
▲