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 2018
Website anderson.ucla.edu/gerald-loeb-awards

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

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.

CategoryFinalistsFinalistsFinalistsFinalistsFinalistsFinalists
Large NewspapersBryan Bender for "From the Pentagon to the Private Sector" in The Boston GlobeBen Casselman, Russell Gold, Douglas A. Blackmon, Vanessa O'Connell, Alexandra Berzon and Ana Campoy for "Deep Trouble" in The Wall Street JournalJulia Angwin, Nick Wingfield, Scott Thurm and Yukari Iwatani Kane for "What They Know" in The Wall Street JournalRobert O'Harrow Jr. for "Alaska Native Corporations" in The Washington Post
Medium & Small NewspapersJohn Fauber for "Side Effects" in Milwaukee Journal SentinelChris Serres and Glenn Howatt for "Hounded -- Debtors and the New Breed of Collectors" in Minneapolis Star TribuneRalph Cipriano for "The Billion Dollar Boondoggle" in Philadelphia City PaperAaron Kessler and Joaquin Sapien for "Contaminated Drywall Cover-Up" in Sarasota Herald-Tribune with ProPublicaMichael J. Berens for "Seniors for Sale" in The Seattle TimesDavid Nicklaus and Tim Logan for "Edifice Complex" in St. Louis Post-Dispatch
MagazinesFrederik Balfour and Tim Culpan for "Inside Foxconn" in Bloomberg BusinessweekAmanda Bennett and Charles R. Babcock for "End-of-Life Warning at $618,616 Makes Me Wonder Was It Worth It" in Bloomberg BusinessweekDon Van Natta Jr., Jo Becker and Graham Bowley for "Hack Attack" in The New York TimesMatt Taibbi for "Invasion of the Home Snatchers" in Rolling StoneMichael Lewis for "Beware of Greeks Bearing Bonds" in Vanity Fair
CommentaryAndy Grove for "How to Make an American Job" in Bloomberg BusinessweekKevin Drum for "Capital City" in Mother JonesPaul Krugman for "Paul Krugman Columns" in The New York TimesFroma Harrop for "Froma Harrop Columns" in The Providence Journal
Breaking NewsJustin Hyde and Greg Gardner for "Toyota Sales Freeze" in Detroit Free PressAndrew Jacobs, Miguel Helft, John Markoff, Keith Bradsher, David Barboza, David E. Sanger and Brad Stone for "Google in China" in The New York TimesLouise Story, Gretchen Morgenson and Joe Nocera for "S.E.C vs. Goldman" in The New York TimesTom Lauricella, Peter A. McKay, Scott Patterson, Jenny Strasburg, Robin Sidel, Carolyn Cui and Mary Pilon for "Flash Crash" in The Wall Street JournalSusan Pulliam, Michael Rothfeld, Jenny Strasburg, Gregory Zuckerman, Steve Eder and Chad Bray for "On the Inside" in The Wall Street Journal
Beat ReportingDaniel Golden, John Hechinger and John Lauerman for "Education Inc." in Bloomberg NewsKeith Bradsher for "Green China" in The New York TimesPaige St. John for "Florida's Insurance Nightmare" in Sarasota Herald-TribuneRussell Gold and Ben Casselman for "Deep Trouble" in The Wall Street Journal
News ServicesJustin Pritchard for "Toxic Cadmium" in Associated PressAmanda Bennett and Charles R. Babcock for "End-of-Life Warning at $618,616 Makes Me Wonder Was It Worth It" in Bloomberg NewsCam Simpson and Alan Katz for "Gold's Affliction" in Bloomberg NewsDavid Evans for "Profiting From Fallen Soldiers" in Bloomberg News
ExplanatoryMitch Weitzner, David Faber, James Segelstein, Bob Waldman, Clem Tayler and Jonathan Dann for "Goldman Sachs: Power And Peril" on CNBCKevin Drum for "Capital City" in Mother JonesDavid Nicklaus and Tim Logan for "Edifice Complex" in St. Louis Post-DispatchJulia Angwin, Nick Wingfield, Scott Thurm and Yukari Iwatani Kane for "What They Know" in The Wall Street JournalAlan Prendergast for "You're in Bad Hands" in Westword
Online EnterpriseJim Lynch, Elizabeth Conley and Pat Murphy for "Abandoned Michigan Industrial Toxic Sites" for The Detroit NewsDavid Leonhardt, Bill Marsh, Kevin Quealy, Shan Carter, Matthew Ericson and Amanda Cox for "You Fix the Budget" for The New York TimesAaron Kessler, Joaquin Sapien and Jeff Larson for "Contaminated Drywall Cover-Up" for Sarasota Herald-Tribune with ProPublicaJulia 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
BloggingKara Swisher for "Liveblogging Yahoo Earnings Calls in 2010 (They're Funny!)" for All Things DigitalLoren Steffy for "Reinvention of the Airlines" for Houston ChronicleCatherine Rampell for "Economix Blog" for The New York Times
Personal FinanceChris Serres and Glenn Howatt for "Hounded -- Debtors and the New Breed of Collectors" in Minneapolis Star TribuneDavid Segal for "A Bully Finds a Pulpit on the Web" in The New York TimesRon Lieber for "Student Debt" in The New York TimesJason Zweig for "The Intelligent Investor" in The Wall Street Journal
Television EnterpriseBrian 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 NewsBrian Ross, Matthew Mosk, Vic Walter, Mark Schone, Rhonda Schwartz and Megan Chuchmach for "Brian Ross Investigates: Make-A-Wish Swindle" on ABC NewsMitch Weitzner, Scott Cohn, Jeff Pohlman, Emily Bodenberg, Steven Banton and Gary Vandenbergh for "Remington Under Fire: A CNBC Investigation" on CNBCDarren 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 BooksSebastian Mallaby for "More Money Than God: Hedge Funds and the Making of a New Elite" published by The Penguin PressBethany McLean and Joe Nocera for "All the Devils Are Here: The Hidden History of the Financial Crisis" published by PortfolioDavid Kirkpatrick for "The Facebook Effect: The Inside Story of the Company That Is Connecting the World" published by Simon & SchusterMichael 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. Archived from the original on 2007-11-06. 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. "Archived copy". Archived from the original on 2010-06-10. Retrieved 2009-12-11.
  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. Archived from the original on 2008-01-27. Retrieved 2007-11-12.
  18. ↑ "2011 Winners | UCLA Anderson School of Management". Anderson.ucla.edu. Archived from the original on August 13, 2011.

Further reading

  • 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.
  • Loeb, Gerald M. (1960). Loeb's Checklist for Buying Stocks. Simon & Schuster. ISBN 0-671-42705-9.
  • Martin, Ralph G. (1965). The Wizard of Wall Street: The Story of Gerald M. Loeb. W. Morrow. p. 192 pages.
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