The Gerald Loeb Awards, also referred to as the Gerald Loeb Awards 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 of accuracy. The word, a noun, applies to the journ ...
, especially in the fields of
business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...
,
finance
Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
and the
economy
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
.
The award was established in 1957 by
Gerald Loeb, 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 was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...
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, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
.
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 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 viewpoint, in books and columns in ''
Barron's'', ''
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', and ''Investor Magazine''.
''
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' 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 awards
The awards have 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$
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...
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.
In 2017,
Reena Ninan
Reena Ninan (born April 18, 1979) is an Indian American television journalist who has been an award-winning news anchor for the national mainstream media, including ABC News and CBS News. She is also the founder of the news media company G ...
spoke onstage for UCLA's 60th Annual Gerald Loeb Awards for Distinguished Business and Financial Journalism. This was held at Capitale in New York City.
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
* 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
Business journalism is the part of journalism that tracks, records, analyzes, and interprets the business sector, business, Economy, economic and finance, financial activities and changes that take place in societies. wikt:topic, Topics widely c ...
*
Conscience-in-Media Award
*
George Polk Awards
*
Investigative journalism
*
Worth Bingham Prize
References
Further reading
*
*
*
External links
About the Gerald Loeb Awards UCLA Anderson
The John E. Anderson Graduate School of Management (branded as UCLA Anderson) is the graduate business school at the University of California, Los Angeles. The school offers MBA (full-time, part-time, executive), Post Graduate Program for Executi ...
, School of Management.
New Loeb Awards Final Judges Announced by UCLA Anderson School of Management ''
Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, ...
'', May 7, 2007
2009 Winners
{{Gerald Loeb Award
*
1957 establishments in the United States
Awards established in 1957
American journalism awards