May 28, 2009

LOS ANGELES - Judy D. Olian, dean of UCLA Anderson School of Management and chairman of the G. and R. Loeb Foundation Inc., today announced the finalists of the 2009 Gerald Loeb Awards for Distinguished Business and Financial Journalism. Also announced were the recipients of the Lifetime Achievement Award and the Lawrence Minard Editor Award.

The recipient of the 2009 Lifetime Achievement Award is Bill Emmott, former editor-in-chief of The Economist who retired in 2006 after 13 years in the position. The Lifetime Achievement Award recognizes an individual whose career exemplifies the consistent and superior insight and professional skills necessary to further the understanding of business, financial and economic issues.

The recipient of the 2009 Lawrence Minard Editor Award is Lawrence Ingrassia, business and financial editor at The New York Times. The award, named in memory of Laury Minard, honors excellence in business, financial and economic journalism editing and recognizes an editor whose work does not receive a byline or whose face does not appear on the air for the work covered. Minard was the founding editor of Forbes Global magazine and a former final judge for the Loeb Awards.

Emmott and Ingrassia will receive their career achievement awards at the 2009 Loeb Awards dinner on Monday, June 29, 2009, in New York City. Winners of the 12 competition categories will also be announced from among the following finalists, which were selected from 392 entries.

The Loeb Awards are the highest honors in business journalism. They were established in 1957 by Gerald Loeb, a founding partner of E. F. Hutton, to encourage quality reporting in the areas of business, finance and the economy in order to inform and protect private investors and the general public. Presented by UCLA Anderson School of Management since 1973, the awards recognize writers, editors and producers of both print and broadcast media for the significant contributions they make in this field.

Large Newspapers Category
The finalists in the large newspapers category (circulation of more than 300,000) are:

  • Gretchen Morgenson, Peter S. Goodman, Charles Duhigg, Carter Dougherty, Eric Dash, Julie Creswell, Jo Becker, Sheryl Gay Stolberg and Stephen Labaton for "The Reckoning" in The New York Times
  • Robert O'Harrow Jr. and Brady Dennis for "The Crash: The Rise and Fall of AIG" in The Washington Post
  • Carrick Mollenkamp, Susanne Craig, Jeffrey McCracken, Jon Hilsenrath, Susan Pulliam, Liz Rappaport, Aaron Lucchetti, Jenny Strasburg, Tom McGinty, Serena Ng, Randall Smith and Liam Pleven for "Broken Markets" in The Wall Street Journal
  • John Carreyrou and Barbara Martinez for "Prescription for Profits" in The Wall Street Journal

Medium & Small Newspapers Category
The finalists in the medium & small newspapers category (circulation of 300,000 or less) are:

  • Jack Dolan, Matthew Haggman and Rob Barry for "Borrowers Betrayed" in The Miami Herald
  • David Heath and Christine Willmsen for "The Favor Factory" in The Seattle Times
  • Ames Alexander, Franco Ordoñez, Kerry Hall and Ted Mellnik for "The Cruelest Cuts" in The Charlotte Observer
  • Andrew McIntosh for "Nail Gun Safety Under Fire" in The Sacramento Bee

Magazines Category
The finalists in the magazines category are:

  • David Leonhardt for "Obamanomics" in The New York Times Magazine
  • William Selway and Martin Z. Braun for "Broken Promises" in Bloomberg Markets
  • Michael Lewis for "The End" in Conde Nast Portfolio
  • Peter Elkind for "The Trouble with Steve" in Fortune

Commentary Category
The finalists in the commentary category are:

  • John Gapper for "John Gapper's Business Blog" in Financial Times
  • John Cassidy for "Columns by John Cassidy" in Conde Nast Portfolio
  • Brian M. Carney for "Fannie Mae and Freddie Mac" in The Wall Street Journal
  • Michael Mandel for "Michael Mandel Columns" in BusinessWeek

Breaking News Category
The finalists in the breaking news category are:

  • Carrick Mollenkamp, Susanne Craig, Serena Ng, Aaron Lucchetti, Matthew Karnitschnig, Dan Fitzpatrick, Deborah Solomon, Dennis K. Berman, Liam Pleven, Peter Lattman and  Annelena Lobb for "The Day That Changed Wall Street" in The Wall Street Journal
  • Robin Sidel, Dennis K. Berman, Kate Kelly, Carrick Mollenkamp, Mark Whitehouse, Serena Ng, Randall Smith and E. S. Browning for "Collapse of Bear Stearns" in The Wall Street Journal
  • Andrew Ross Sorkin, Edmund L. Andrews, Michael J. de la Merced, Mary Williams Walsh, Joe Nocera, Peter S. Goodman, Charles Duhigg, Stephen Labaton, Eric Dash, Jenny Anderson and Diana B. Henriques for "The Week That Changed Wall Street" in The New York Times
  • Diana B. Henriques, Zachery Kouwe, Alex Berenson and Eric Konigsberg for "The Madoff Mess" in The New York Times

Beat Writing Category
The finalists in the beat writing category are:

  • Rick Rothacker for "The Fall of Wachovia" in The Charlotte Observer
  • Gretchen Morgenson for "Wall Street" in The New York Times
  • John Gittelsohn for "Washington Mutual Funded Home Flippers" in The Orange County Register
  • Chris Serres, Jim Buchta and Glenn Howatt for "Boom to Bust" in Star Tribune
  • Susanne Craig, Jeffrey McCracken, Aaron Lucchetti and Kate Kelly for "The Collapse of Lehman Brothers" in The Wall Street Journal

News Services Category
The finalists in the news services category are:

  • William Selway and Martin Z. Braun for "Broken Promises" for Bloomberg News
  • Mitch Weiss for "Weak Rules Cripple Appraiser Oversight" for Associated Press
  • Mark Pittman, Elliot Blair Smith, Jesse Westbrook, Bob Ivry and Alison Fitzgerald for "Fed Defies Transparency" for Bloomberg News
  • Mark Pittman, Aaron Kirchfeld, Jacqueline Simmons and Finbarr Flynn for "Wall Street's Toxic Exports" for Bloomberg News

Feature Writing Category
The finalists in the feature writing category are:

  • Michael Lewis for "The End" in Conde Nast Portfolio
  • Kate Kelly for "The Fall of Bear Stearns" in The Wall Street Journal
  • Daniel Roth for "Driven" in Wired
  • Simon Clark, Michael Smith and Franz Wild for "China in Africa: Young Workers, Deadly Mines" in Bloomberg Markets

Online Category
The finalists in the online category are:

  • Gretchen Morgenson, Louise Story, Tara Siegel Bernard and Jenny Anderson for "The Debt Trap" for The New York Times
  • Rob O'Dell for "Rio Nuevo Audit" for Arizona Daily Star
  • Art Lenehan, Peggy Collins, Aaron Whallon, Anh Ly, Elizabeth Daza, Joe Farro, Sean Enzwiler, Rachel Elson, Mark Baumgartner, Lauren Barack, Richard Conniff and Judi Hasson for "Middle Class Crunch" for MSN Money
  • The staff of The Boston Globe Business Section for "2008 Globe 100" for The Boston Globe
  • The staff of The New York Times for "Pogue-o-matic" for The New York Times

Television Breaking News Category
The finalists in the television breaking news category are:

  • Steve Kroft and L. Franklin Devine for "Economic Crisis: House of Cards" on CBS News/60 Minutes
  • Samantha Wright, Rebecca White, David Faber, Charlie Gasparino, Steve Liesman, Bertha Coombs, Maria Bartiromo and Michelle Caruso-Cabrera for "Is Your Money Safe: The Fall of Lehman Bros" on CNBC
  • Jonathan Wald, Tyler Mathisen, David Faber and Mary Catherine Wellons for "David Faber on the Fall of AIG" on CNBC
  • Bob Orr, Robert Hendin, John Nolen, Jill Jackson and Evelyn Thomas for "Bailout Legislation" on CBS News

Television Enterprise Category
The finalists in the television enterprise category are:

  • Scott Pelley, Solly Granatstein and Nicole Young for "The Wasteland" on CBS News/60 Minutes
  • Karin Annus, Gary Matsumoto, Amy Marino, Antony Michels and Mike Schneider for "401(k) Hidden Fees" on Bloomberg TV
  • Steve Kroft and Andy Court for "The Price of Bananas" on CBS News/60 Minutes
  • Bob Simon, Michael Gavshon and Drew Magratten for "King of Sushi" on CBS News/60 Minutes

Business Book Category
The finalists in the business book category are:

  • Alice Schroeder for "The Snowball: Warren Buffett and the Business Life" published by Random House, Crown Publishers
  • Charles R. Morris for "Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash" published by Public Affairs
  • Niall Ferguson for "The Ascent of Money: A Financial History of the World" published by The Penguin Press

The judges select finalists and winners based on: quality of reporting and writing, news and analytical value, originality and exclusivity, and where appropriate, production value and visual impact. Sixty nine preliminary judges representing a broad spectrum of print and broadcast media, as well as academia chose this year's finalists. The winners were then determined by the distinguished panel of final judges, including:

  • Stephen J. Adler, editor-in-chief, BusinessWeek
  • Amanda Bennett, executive editor, enterprise, Bloomberg News
  • Jane Berentson, editor, Inc.
  • Matthew Bishop, bureau chief, The Economist
  • Gene Bloch, managing editor, CNN New York
  • Steve Forbes, chairman and chief executive officer, Forbes
  • Chrystia Freeland, U.S. managing editor, Financial Times
  • John Hillkirk, executive editor, USA Today
  • Glenn Kramon, assistant managing editor, The New York Times
  • Joanne Lipman, former editor-in-chief, Conde Nast Portfolio
  • Matt Murray, deputy managing editor, national news, The Wall Street Journal
  • Judy D. Olian, dean, UCLA Anderson School of Management
  • David Schlesinger, editor-in-chief, Thomson Reuters
  • Allan Sloan, senior editor-at-large, Fortune
  • Russ Stanton, editor, Los Angeles Times
  • Jonathan Wald, former senior vice president, business news, CNBC

The Loeb Awards gratefully acknowledges Business Wire for their support of this program. For more information about the Loeb Awards, please visit the Loeb Awards Web site at http://www., or e-mail or call the Loeb Awards office at (310) 825-4478.

About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the leading business schools in the world. UCLA Anderson faculty members are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,700 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 36,000 alumni, UCLA Anderson develops and prepares global leaders.

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