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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.  
  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.  
  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.  
  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.  
  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.  
  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.  
  13. ^ Blustein, Paul (2006). And the Money Kept Rolling in (And Out). Public Affairs. p. 279. ISBN 1586483811.  
  14. ^ Shim, Jae K.; Jonathan Lansner (2000). 101 Investment Tools for Buying Low and Selling High. CRC Press. p. "The Authors". ISBN 091094413X.  
  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.  
  • 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.  
  • Loeb, Gerald M. (1960). Loeb's Checklist for Buying Stocks. Simon and Schuster. ISBN 0671427059.  
  • Martin, Ralph G. (1965). The Wizard of Wall Street: The Story of Gerald M. Loeb. W. Morrow. p. 192 pages.  

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