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
Journalism is the production and distribution of reports on the interaction of events, facts, ideas, and people that are the " news of the day" and that informs society to at least some degree. The word, a noun, applies to the occupation (p ...
, especially in the fields of
business
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
Having a business name does not separ ...
,
finance
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 f ...
and 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 ...
.
The award was established in 1957 by
Gerald Loeb
Gerald Martin Loeb (July 24, 1899 – April 13, 1974) was a founding partner of E.F. Hutton & Co., a renowned Wall Street trader and brokerage firm. He was the author of the books ''The Battle For Investment Survival'' and ''The Battle For Stock ...
, a founding partner of
E.F. Hutton & Co. 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.
Gerald Loeb
Loeb first became known for his book ''The Battle for Investment Survival'', which was popular during the
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
and is still considered a classic.
Born in 1899, Loeb began his investing career in 1921 in the bond department of a brokerage firm in
San Francisco, California
San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17t ...
.
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.
The
Wall Street Crash of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange coll ...
greatly affected Loeb's investing style, and in his 1971 book ''The Battle for Stock Market Profits'', he viewed the market as a battlefield.
Loeb offered a
contrarian investing
Contrarian Investing is an investment strategy that is characterized by purchasing and selling in contrast to the prevailing sentiment of the time.
A contrarian believes that certain crowd behavior among investors can lead to exploitable mispric ...
viewpoint, in books and columns in ''
Barron's'', ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'', and ''Investor Magazine''.
''
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
'' magazine called Loeb "the most quoted man on Wall Street."
He created the Gerald Loeb Award in order to foster further quality reporting for individual investors.
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.
It is regarded as: "business journalism's highest honor," and its "most prestigious." 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, 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.
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.
The preliminary judging committee includes business, financial and economic journalists, as well as faculty members from the UCLA Anderson School of Management.
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.
The final panel of judges is chaired by the dean of the UCLA Anderson School of Management.
Entries are judged according to their originality, news value, writing quality, thoroughness and balance, and production value.
Award categories
Award categories varied over the years.
Winners
* List of
Audio, Video, and Video/Audio winners
* List of
Breaking News winners
* List of
Broadcast and Broadcast Enterprise winners
* List of
Books, Business Books, and Special Book Award winners
* List of
Columns, Commentary, and Editorials winners
* List of
Deadline and/or Beat Writing, Deadline or Beat Writing, Deadline Writing, Beat Writing, and Beat Reporting winners
* List of
Explanatory winners
* List of
Feature winners
* List of
Gerald Loeb Memorial Award winners The Gerald Loeb Award is given annually for multiple categories of business reporting. The Gerald Loeb Memorial Award was created in 1974 to honor business and financial writers whose high-caliber work covered a broad spectrum of the profession. Th ...
* List of
Images, Graphics, Interactives, and Visuals winners
* List of
International winners
* List of
Investigative winners
* List of
Large Newspapers winners
* List of
Lifetime Award winners
* List of
Local winners
* List of
Magazines winners
* List of
Minard Editor Award winners
* List of
Newspaper winners
* List of
News Service, Online, and Blogging winners
* List of
Personal Finance and Personal Service winners
* List of
Radio winners
* List of
Small and Medium Newspapers winners
* List of
Special Award winners
* List of
Spot News winners
* List of
Television winners
See also
*
Business journalism
*
Conscience-in-Media Award
*
George Polk Awards
The George Polk Awards in Journalism are a series of American journalism awards presented annually by Long Island University in New York in the United States. A writer for Idea Lab, a group blog hosted on the website of PBS, described the awa ...
*
Investigative journalism
Investigative journalism is a form of journalism in which reporters deeply investigate a single topic of interest, such as serious crimes, political corruption, or corporate wrongdoing. An investigative journalist may spend months or years res ...
*
Worth Bingham Prize
References
Further reading
*
*
*
External links
About the Gerald Loeb Awards UCLA Anderson, School of Management.
New Loeb Awards Final Judges Announced by UCLA Anderson School of Management ''
Business Wire'', May 7, 2007
2009 Winners
{{Gerald Loeb Award
American journalism awards
Awards established in 1957
1957 establishments in the United States
*