Gerald Loeb Award

Gerald Loeb Award
Awarded for Excellence in business journalism
Country United States
Presented by UCLA Anderson School of Management
First awarded 1957
Last awarded 2011
Official website http://www.anderson.ucla.edu/x3287.xml

The Gerald Loeb Award, also referred to as the Gerald Loeb Award for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy.[1][2][3][4] The award was established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton & Co.[1] Loeb's intention in creating the award was to encourage reporters to inform and protect private investors as well as the general public in the areas of business, finance and the economy.[4]

Gerald Loeb

Main article: Gerald M. Loeb

Loeb first became known for his book The Battle for Investment Survival, which was popular during the Great Depression and is still considered a classic.[4][5] Born in 1899, Loeb began his investing career in 1921 in the bond department of a brokerage firm in San Francisco, California.[6] He moved to New York in 1921 after joining with E. F. Hutton & Co., and became vice-chairman of the board when the company incorporated in 1962.[6] The Wall Street Crash of 1929 greatly affected Loeb's investing style, and in his 1971 book The Battle for Stock Market Profits, he viewed the market as a battlefield.[6] Loeb offered a contrarian investing viewpoint, in books and columns in Barron's, The Wall Street Journal, and Investor Magazine.[4][6] Forbes magazine called Loeb "the most quoted man on Wall Street."[7] He created the Gerald Loeb Award in order to foster further quality reporting for individual investors.[4]

The award

The award has been administered by the UCLA Anderson School of Management since 1973, and is sponsored by the G. and R. Loeb Foundation.[2][8][9][10] It is regarded as: "business journalism's highest honor," and its "most prestigious."[11][12][13][14] Beginning with just two winners in 1958 (Werner Renberg and David Steinberg) and expanding to three in the final years before the Anderson School began to administer the award,[15] today there are ten categories in which prizes are awarded: large newspaper, medium newspaper, small newspaper, magazine, commentary, deadline or beat writing, wire services, and television.[1][16] Those honored receive a cash prize of US$2,000, and are presented with the award at a ceremony in July of the year following their piece's publication.[1] The preliminary judging committee includes business, financial and economic journalists, as well as faculty members from the UCLA Anderson School of Management.[17] Once the finalists are selected, a final panel of judges consisting of representatives from major print and broadcast outlets selects a winner from each category.[17] The final panel of judges is chaired by the dean of the UCLA Anderson School of Management.[17] Entries are judged according to their originality, news value, writing quality, thoroughness and balance, and production value.[17]

2011 finalists and winners

Winners[18] in bold.

Category Finalists Finalists Finalists Finalists Finalists Finalists
Large Newspapers Bryan Bender for "From the Pentagon to the Private Sector" in The Boston Globe Ben Casselman, Russell Gold, Douglas A. Blackmon, Vanessa O'Connell, Alexandra Berzon and Ana Campoy for "Deep Trouble" in The Wall Street Journal Julia Angwin, Nick Wingfield, Scott Thurm and Yukari Iwatani Kane for "What They Know" in The Wall Street Journal Robert O'Harrow Jr. for "Alaska Native Corporations" in The Washington Post
Medium & Small Newspapers John Fauber for "Side Effects" in Milwaukee Journal Sentinel Chris Serres and Glenn Howatt for "Hounded -- Debtors and the New Breed of Collectors" in Minneapolis Star Tribune Ralph Cipriano for "The Billion Dollar Boondoggle" in Philadelphia City Paper Aaron Kessler and Joaquin Sapien for "Contaminated Drywall Cover-Up" in Sarasota Herald-Tribune with ProPublica Michael J. Berens for "Seniors for Sale" in The Seattle Times David Nicklaus and Tim Logan for "Edifice Complex" in St. Louis Post-Dispatch
Magazines Frederik Balfour and Tim Culpan for "Inside Foxconn" in Bloomberg Businessweek Amanda Bennett and Charles R. Babcock for "End-of-Life Warning at $618,616 Makes Me Wonder Was It Worth It" in Bloomberg Businessweek Don Van Natta Jr., Jo Becker and Graham Bowley for "Hack Attack" in The New York Times Matt Taibbi for "Invasion of the Home Snatchers" in Rolling Stone Michael Lewis for "Beware of Greeks Bearing Bonds" in Vanity Fair
Commentary Andy Grove for "How to Make an American Job" in Bloomberg Businessweek Kevin Drum for "Capital City" in Mother Jones Paul Krugman for "Paul Krugman Columns" in The New York Times Froma Harrop for "Froma Harrop Columns" in The Providence Journal
Breaking News Justin Hyde and Greg Gardner for "Toyota Sales Freeze" in Detroit Free Press Andrew Jacobs, Miguel Helft, John Markoff, Keith Bradsher, David Barboza, David E. Sanger and Brad Stone for "Google in China" in The New York Times Louise Story, Gretchen Morgenson and Joe Nocera for "S.E.C vs. Goldman" in The New York Times Tom Lauricella, Peter A. McKay, Scott Patterson, Jenny Strasburg, Robin Sidel, Carolyn Cui and Mary Pilon for "Flash Crash" in The Wall Street Journal Susan Pulliam, Michael Rothfeld, Jenny Strasburg, Gregory Zuckerman, Steve Eder and Chad Bray for "On the Inside" in The Wall Street Journal
Beat Reporting Daniel Golden, John Hechinger and John Lauerman for "Education Inc." in Bloomberg News Keith Bradsher for "Green China" in The New York Times Paige St. John for "Florida's Insurance Nightmare" in Sarasota Herald-Tribune Russell Gold and Ben Casselman for "Deep Trouble" in The Wall Street Journal
News Services Justin Pritchard for "Toxic Cadmium" in Associated Press Amanda Bennett and Charles R. Babcock for "End-of-Life Warning at $618,616 Makes Me Wonder Was It Worth It" in Bloomberg News Cam Simpson and Alan Katz for "Gold's Affliction" in Bloomberg News David Evans for "Profiting From Fallen Soldiers" in Bloomberg News
Explanatory Mitch Weitzner, David Faber, James Segelstein, Bob Waldman, Clem Tayler and Jonathan Dann for "Goldman Sachs: Power And Peril" on CNBC Kevin Drum for "Capital City" in Mother Jones David Nicklaus and Tim Logan for "Edifice Complex" in St. Louis Post-Dispatch Julia Angwin, Nick Wingfield, Scott Thurm and Yukari Iwatani Kane for "What They Know" in The Wall Street Journal Alan Prendergast for "You're in Bad Hands" in Westword
Online Enterprise Jim Lynch, Elizabeth Conley and Pat Murphy for "Abandoned Michigan Industrial Toxic Sites" for The Detroit News David Leonhardt, Bill Marsh, Kevin Quealy, Shan Carter, Matthew Ericson and Amanda Cox for "You Fix the Budget" for The New York Times Aaron Kessler, Joaquin Sapien and Jeff Larson for "Contaminated Drywall Cover-Up" for Sarasota Herald-Tribune with ProPublica Julia Angwin, Emily Steel, Scott Thurm, Christina Tsuei, Paul Antonson, Jill Kirschenbaum, Jovi Juan, Andrew Garcia Phillips, Sarah Slobin, Susan McGregor, Tom McGinty and Jennifer Valentino-DeVries for "What They Know" for The Wall Street Journal
Blogging Kara Swisher for "Liveblogging Yahoo Earnings Calls in 2010 (They're Funny!)" for All Things Digital Loren Steffy for "Reinvention of the Airlines" for Houston Chronicle Catherine Rampell for "Economix Blog" for The New York Times
Personal Finance Chris Serres and Glenn Howatt for "Hounded -- Debtors and the New Breed of Collectors" in Minneapolis Star Tribune David Segal for "A Bully Finds a Pulpit on the Web" in The New York Times Ron Lieber for "Student Debt" in The New York Times Jason Zweig for "The Intelligent Investor" in The Wall Street Journal
Television Enterprise Brian Ross, Joseph Rhee, Asa Eslocker, Mark Schone, Rhonda Schwartz and Megan Chuchmach for "Brian Ross Investigates: Better Business Bureau - Pay to Play Scandal" on ABC News Brian Ross, Matthew Mosk, Vic Walter, Mark Schone, Rhonda Schwartz and Megan Chuchmach for "Brian Ross Investigates: Make-A-Wish Swindle" on ABC News Mitch Weitzner, Scott Cohn, Jeff Pohlman, Emily Bodenberg, Steven Banton and Gary Vandenbergh for "Remington Under Fire: A CNBC Investigation" on CNBC Darren Gersh and Michael LaBella for "Dollars for Docs" on Nightly Business Report (PBS) Mark Smith, Billy Bryant and Byron Harris for "Bitter Lessons" on WFAA-TV
Business Books Sebastian Mallaby for "More Money Than God: Hedge Funds and the Making of a New Elite" published by The Penguin Press Bethany McLean and Joe Nocera for "All the Devils Are Here: The Hidden History of the Financial Crisis" published by Portfolio David Kirkpatrick for "The Facebook Effect: The Inside Story of the Company That Is Connecting the World" published by Simon & Schuster Michael Lewis for "The Big Short: Inside the Doomsday Machine" published by W.W. Norton & Company

See also

References

  1. 1 2 3 4 Times Staff Writer (July 2, 2003). "Times business article honored: The article examining the ties between Digital Lightwave and the Church of Scientology won a Gerald Loeb Award for business reporting.". St. Petersburg Times. Retrieved 2007-11-12.
  2. 1 2 Staff Reporter (June 29, 2005). "Journal Reporters Win Loeb Award". The Wall Street Journal. Dow Jones & Company, Inc.
  3. ↑ Staff (October 23, 2007). "Ted Gup to be inducted into Press Club of Cleveland's Journalism Hall of Fame". The Plain Dealer. Cleveland Live, Inc. Retrieved 2007-11-11.
  4. 1 2 3 4 5 Staff. "About the Gerald Loeb Awards". UCLA Anderson, School of Management. Retrieved 2007-11-11.
  5. ↑ Loeb, Gerald (1996). The Battle for Investment Survival. John Wiley and Sons. ISBN 0-471-13297-7.
  6. 1 2 3 4 Boik, John (2004). Lessons from the Greatest Stock Traders of All Time. McGraw-Hill Professional. pp. 47–67, "Chapter 3: Gerald M. Loeb". ISBN 0-07-143788-6.
  7. ↑ Krass, Peter (ed.). The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street. John Wiley and Sons. p. 176. ISBN 0-471-29454-3.
  8. ↑ Rose, Matthew (July 2, 2003). "Journal Gets Loeb Award For WorldCom Coverage". The Wall Street Journal. Dow Jones.
  9. ↑ Jenks, Philip; Stephen Eckett (2002). The Global-Investor Book of Investing Rules. Financial Times Prentice Hall. p. 21. ISBN 0-13-009401-3.
  10. ↑ Pacelle, Mitchell (2002). Empire: A Tale of Obsession, Betrayal, and the Battle for an American Icon. John Wiley and Sons. Back Cover. ISBN 0-471-23865-1.
  11. ↑ Editor's Note (July 8, 2002). "Uncovering the Shenanigans". BusinessWeek. The McGraw-Hill Companies Inc. Retrieved 2007-11-12.
  12. ↑ Klein, Alec (2003). Stealing Time: Steve Case, Jerry Levin, and the Collapse of AOL Time Warner. Simon & Schuster. Back Cover. ISBN 0-7432-5984-X.
  13. ↑ Blustein, Paul (2006). And the Money Kept Rolling in (And Out). Public Affairs. p. 279. ISBN 1-58648-381-1.
  14. ↑ Shim, Jae K.; Jonathan Lansner (2000). 101 Investment Tools for Buying Low and Selling High. CRC Press. p. "The Authors". ISBN 0-910944-13-X.
  15. ↑ University of Connecticut: Loeb Awards for Distinguished Business and Financial Journalism Records. http://doddcenter.uconn.edu/findaids/Loeb/MSS19710002.html
  16. ↑ Staff Reporter (May 30, 2001). "Journal Reporter Wins Loeb Award For Reports on Energy-Industry Crisis". The Wall Street Journal. Dow Jones & Company, Inc.
  17. 1 2 3 4 Staff. "Judging". Gerald Loeb Awards. UCLA Anderson School of Management. Retrieved 2007-11-12.
  18. ↑ "2011 Winners | UCLA Anderson School of Management". Anderson.ucla.edu. Retrieved 2011-09-13.

Further reading

External links

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