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Mascaro Construction Company receives 2012 American Business Ethics Award

Newtown Square, PA (October 15, 2012) ... The  Foundation for Financial Service Professionals  announced  Mascaro Construction Company, L.P. , as the midsized company recipient of the 2012 American Business Ethics Award (ABEA). Mascaro will be recognized at a special award ceremony on October 22 at its headquarters in Pittsburgh. 

In making the announcement, Foundation Chairman Thomas L. Petsche, CLU, ChFC, RHU, stated that "Mascaro Construction Company is a stellar example of ethical business practices in action. With strong, ethics-based core values that it carries out in its everyday activities, Mascaro provides a guiding light for American business cultures. The ABEA program is honored to have the opportunity to recognize this exceptional company." 

Founded in 1988, Mascaro is family-owned business that provides design-build, construction management, and general contracting services. Its founder and current Chairman, Jack Mascaro, immediately set the tone for the high standards that continue to be the hallmark of Mascaro's operations. 

President & CEO John C. Mascaro, Jr., sustains Mascaro's ethical heritage and continues the tradition of leadership by example set by his father. 

Mascaro's annual ethics training for all new employees is a clear indication that ethics isn't just a sometime thing at Mascaro. Our judges were highly impressed, not only by the fact that this ethics course is taught by the Chairman of the Board himself, but also by the high quality of the content - which highlights the concept of trust versus greed as the key to business success. 

While the course is excellent, the judges placed additional weight on the fact that ethics is not just academic or theoretical at Mascaro. Beyond the classroom, Mascaro's commitment to the highest ethical standards is evidenced every day in its relationships with clients, employees, and the Pittsburgh community. It's not just words, it is action.

For example, Mascaro uses a partnership process and an extreme customer service philosophy as a means of building trust-based, long-term relationships. This approach provides for quick and amiable resolution of conflicts and is key factor in Mascaro's ability to boast that it has never been in litigation with a client because of its failure to properly complete its work.

In selecting Mascaro, the ABEA judges also cited the company's investment in its employees and the communities where it does business. Mascaro has provided volunteer time and financial support to local charities, such as Holy Family Institute, the Cystic Fibrosis Foundation, Casey's Clubhouse, New Hope for Neighborhood Renewal, and the Children's Museum of Pittsburgh, among others. In further fulfillment of its long-term strategic objective of giving back to the community, Jack Mascaro, founded the Mascaro Center for Sustainable Innovation at the University of Pittsburgh - a center for excellence in sustainable engineering.

Other recipients of the 2012 American Business Ethics Award are Rockwell Automation, Inc. (large company) and Toddler's Workshop Daycare, Inc. (small company).

Established in 1994, the American Business Ethics Award recognizes companies that exemplify high standards of ethical behavior in their everyday business conduct and in response to specific crises or challenges. Customers, employees, shareholders, or other members of the local community may nominate companies for the American Business Ethics Award. Each nominated company fully documents its answers to the ABEA Ethics Questionnaire and provides comprehensive supporting material to aid the judges in making their selection. ABEA judging guidelines are stringent and carefully applied by an expert panel drawn from the business, academia, public service, media, consulting and ethics communities. 

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About The Foundation for Financial Service Professionals
A charitable organization created to foster research, education and ethical practices amongst financial service professionals to benefit the public, the Foundation was established by the leadership of the Society of Financial Service Professionals (www.financialpro.org) in 1982. 

In fulfillment of this mission, the Foundation has created several programs, including the Paul S. Mills Scholarship to encourage ongoing professional development among financial service practitioners; the Journal of Financial Service Professionals Author Award to advance scholarly research and writing in financial services; the American Business Ethics Award to recognize ethical practices in the American business marketplace; and Financial Education Partners (FEP), to provide pro bono financial guidance to individuals in need. More information is available at www.FinancialProFoundation.org.


Contact: Paul Kovach