Allan Sloan
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Allan Sloan (born 1944) is an American journalist, formerly senior editor at large at''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (1931 film) ...
'' magazine. He is currently a columnist for ''
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.'' Sloan was born in
Brooklyn Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, be ...
, New York and is a 1966 graduate of
Brooklyn College , mottoeng = Nothing without great effort , established = , parent = CUNY , type = Public university , endowment = $98.0 million (2019) , budget = $123.96 m ...
with a B.A.; he received his M.S. as a 1967 graduate of the
Columbia University Graduate School of Journalism The Columbia University Graduate School of Journalism is located in Pulitzer Hall on the university's Morningside Heights campus in New York City. Founded in 1912 by Joseph Pulitzer, Columbia Journalism School is one of the oldest journalism ...
. He attended the Jewish Theological Seminary for two years while he was an undergraduate at Brooklyn College."Allan Sloan Biography"
'' PBS'', retrieved April 24, 2010


Career

Sloan has spoken about the
economy An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with th ...
on television shows such as ''
Charlie Rose Charles Peete Rose Jr. (born January 5, 1942) is an American former television journalist and talk show host. From 1991 to 2017, he was the host and executive producer of the talk show '' Charlie Rose'' on PBS and Bloomberg LP. Rose also co- ...
'', ''
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'' and regularly on ''
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's'' ''
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'' found on ''
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''. HIs first experience in journalism was as a freshman at Brooklyn College. He had been complaining about the student newspaper when his English professor told him that if he thought he could do a better job, then go to work for the paper. Sloan began his first job writing, in 1969, with the ''Charlotte Observer''; he originally wanted to be a sports writer, but he was assigned to writing about real estate. In December 1969, he was assigned to business and the economy. Sloan continued working as a journalist, first as a business reporter for the ''
Detroit Free Press The ''Detroit Free Press'' is the largest daily newspaper in Detroit, Michigan, US. The Sunday edition is titled the ''Sunday Free Press''. It is sometimes referred to as the Freep (reflected in the paper's web address, www.freep.com). It primar ...
'', (1972-1978) and later, as a staff writer for ''
Money Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money ar ...
'' magazine (1982-1984). He worked as an associated editor for ''
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'' magazine (1979-1981) and as senior editor (1984-1988). He was a syndicated columnist for ''Newsd''ay, before leaving for ''
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.'' In 1995, Sloan began working for ''Newsweek'' as their Wall Street editor''.'' In 2005, during the controversy surrounding
Halliburton Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations. In 2009, it was the world's second largest oil field service company. It has operations in more than 70 countries ...
and
Dick Cheney Richard Bruce Cheney ( ; born January 30, 1941) is an American politician and businessman who served as the 46th vice president of the United States from 2001 to 2009 under President George W. Bush. He is currently the oldest living former ...
, Sloan wrote in his article, "Halliburton Pays Dearly but Finally Escapes Cheney's Asbestos Mess," noting that "As Cheney's Dresser misadventure shows, today's triumphant deal champ can be tomorrow's chump." Ten months later, In a ''Mother Jones'' article, "Bush's Bad Business Empire," Sloan, was quoted from the article, saying "Cheney was a 'CEO who messed up big-time.'" In 2007, Sloan left ''Newsweek and'' began working as Senior Editor at Large, for ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (1931 film) ...
'' magazine. In 2008, Sloan won the
Gerald Loeb Award 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. The award was estab ...
for the seventh time; the prize was given for his story "House of Junk", which showed how subprime mortgages "went bad". In a 2009 story, "Unheeded Warnings," Chris Roush spoke to the fact that journalists had been "waving the red flag" for several years, in the lead up to the
Financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of ...
. Roush quoted Sloan as saying "The fact that housing was a
bubble Bubble, Bubbles or The Bubble may refer to: Common uses * Bubble (physics), a globule of one substance in another, usually gas in a liquid ** Soap bubble * Economic bubble, a situation where asset prices are much higher than underlying fund ...
was printed a million times." In July 2014, "Positively Un-American" was published in ''Fortune'', reporting on corporations dodging billions in taxes and leaving taxpayers to pay for their share. The in-depth article, described how the U.S. could be expected to lose approximately $19.5 billion in tax revenue between 2015 and 2024 if corporate tax reform wasn't implemented. In the article, he included this self-described "rant": He went on, in the article, to describe how inverters hesitate when it's time to "ante up" and pay their fair share of taxes. On July 22, 2014, Sloan spoke before the
United States Senate Committee on Finance The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures general ...
, and suggested in closing, that it would be "absolutely tragic" if Congress allowed politics to stop reforms that were needed and allow the subject to dissolve into soundbites and rhetoric. Sloan left ''Fortune'' in 2014, with his last article published in December 2014. As of 2020, Sloan continues to write as a columnist for the ''Washington Post''.


Awards and recognition

Sloan has received many awards over the span of his more than 50-year career. He was picked as the Business Journalist of the Decade, by ''Talking Biz News'' for the first decade of the 21st century. * 1975 Gerald Loeb Award for Large Newspapers for "Utility Rates: Too High or Too Low?", ''The Detroit Free Press'' * 1985 Gerald Loeb Award for Magazines for "Full Speed Ahead - Damn the Torpedoes," ''Forbes'' * 1991 Gerald Loeb Award for Commentary for "Deal" columns, ''Newsday'' * 1991 John Hancock Award for Excellence in Business and Finance Journalism, ''Newsday'' * 1993 Gerald Loeb Award for Commentary for "Deal" columns, ''Newsday'' * 1998 Gerald Loeb Award for Commentary for selected columns, ''Newsweek'' * 1999 Alumnus of the Year, Columbia School of Journalism * 2001 Gerald Loeb Lifetime Achievement Award * 2001 Distinguished Achievement Award, Society of American Business Editors and Writers * 2008 Gerald Loeb Award for Magazines for "House of Junk," ''Fortune'' * 2014 Finalist, Best in Business, Government, Society of American Business Editors and Writers, "Positively Un-American," ''Forbes''


References


External links


Biography
at
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* *
C-SPAN ''Q&A'' interview with Sloan and Geoffrey Colvin, September 30, 2012
{{DEFAULTSORT:Sloan, Allan American male journalists Brooklyn College alumni Columbia University Graduate School of Journalism alumni Living people Year of birth missing (living people) Gerald Loeb Award winners for Columns, Commentary, and Editorials Fortune (magazine) people Gerald Loeb Award winners for Large Newspapers Gerald Loeb Award winners for Magazines Gerald Loeb Lifetime Achievement Award winners