Gerald Loeb Award

Gerald Loeb Award
Awarded for Excellence in business journalism
Presented by UCLA Anderson School of Management
Country United States
First awarded 1957
Last awarded 2006
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]

Contents

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 USD$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]

See also

Journalism portal

References

  1. ^ a b c d 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. http://www.sptimes.com/2003/07/02/Business/Times_business_articl.shtml. Retrieved 2007-11-12. 
  2. ^ a b 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). http://www.cleveland.com/news/plaindealer/index.ssf?/base/news-0/1193129005148360.xml&coll=2. Retrieved 2007-11-11. 
  4. ^ a b c d e Staff. "About the Gerald Loeb Awards". UCLA Anderson, School of Management. http://www.anderson.ucla.edu/x3287.xml. Retrieved 2007-11-11. 
  5. ^ Loeb, Gerald (1996). The Battle for Investment Survival. John Wiley and Sons. ISBN 0471132977 [Amazon-US | Amazon-UK]. 
  6. ^ a b c d Boik, John (2004). Lessons from the Greatest Stock Traders of All Time. McGraw-Hill Professional. pp. 47–67, "Chapter 3: Gerald M. Loeb". ISBN 0071437886 [Amazon-US | Amazon-UK]. 
  7. ^ Krass, Peter; Contributors Richard Poe, Warren Buffett. The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street. John Wiley and Sons. p. 176. ISBN 0471294543 [Amazon-US | Amazon-UK]. 
  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 0130094013 [Amazon-US | Amazon-UK]. 
  10. ^ Pacelle, Mitchell (2002). Empire: A Tale of Obsession, Betrayal, and the Battle for an American Icon. John Wiley and Sons. Back Cover. ISBN 0471238651 [Amazon-US | Amazon-UK]. 
  11. ^ Editor's Note (July 8, 2002). "Uncovering the Shenanigans". BusinessWeek (The McGraw-Hill Companies Inc.). http://www.businessweek.com/magazine/content/02_27/b3790036.htm. Retrieved 2007-11-12. 
  12. ^ Klein, Alec (2003). Stealing Time: Steve Case, Jerry Levin, and the Collapse of AOL Time Warner. Simon and Schuster. Back Cover. ISBN 074325984X [Amazon-US | Amazon-UK]. 
  13. ^ Blustein, Paul (2006). And the Money Kept Rolling in (And Out). Public Affairs. p. 279. ISBN 1586483811 [Amazon-US | Amazon-UK]. 
  14. ^ Shim, Jae K.; Jonathan Lansner (2000). 101 Investment Tools for Buying Low and Selling High. CRC Press. p. "The Authors". ISBN 091094413X [Amazon-US | Amazon-UK]. 
  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. ^ a b c d Staff. "Judging". Gerald Loeb Awards (UCLA Anderson School of Management). http://www.anderson.ucla.edu/x3303.xml. Retrieved 2007-11-12. 

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 0071437886 [Amazon-US | Amazon-UK]. 
  • Krass, Peter; Contributors Richard Poe, Warren Buffett. The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street. John Wiley and Sons. pp. 176–183, Chapter: "Importance of Correct Timing, Gerald M. Loeb". ISBN 0471294543 [Amazon-US | Amazon-UK]. 
  • Loeb, Gerald M. (1960). Loeb's Checklist for Buying Stocks. Simon and Schuster. ISBN 0671427059 [Amazon-US | Amazon-UK]. 
  • Martin, Ralph G. (1965). The Wizard of Wall Street: The Story of Gerald M. Loeb. W. Morrow. p. 192 pages. 

External links

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