CNBC, The New York Times and Vanity Fair each took two Gerald Loeb Awards, the highest awards in business journalism, announced June 29 in New York City.
In addition, Walt Bogdanich, assistant investigative editor of The New York Times, won a Lifetime Achievement Award in the annual competition administered by the UCLA Anderson School of Management. And the Times’ chief mergers and acquisitions reporter, Andrew Ross Sorkin, won a Loeb for his book, “Too Big to Fail.”
Alix Freedman, deputy managing editor of The Wall Street Journal, received the Lawrence Minard Editor Award. Named in memory of Laury Minard, founding editor of Forbes Global, it recognizes an editor who does not receive a byline.
Other winners are:
- Large Newspapers: “Food Safety,” by Michael Moss and Andrew Martin, The New York Times. The investigation, whose centerpiece story concerned a contaminated hamburger that left 22-year-old Stephanie Smith paralyzed, also won the 2010 Pulitzer Prize for Explanatory Reporting.
- Feature Writing: “Wall Street on the Tundra,” by Michael Lewis, Vanity Fair, on the financial meltdown in Iceland
- Television Enterprise: “House of Cards,” by D. Faber, M. Weitzner, J. Jacoby, J. Landes, P. Ahearn, J. Segelstein and L. Orlando, CNBC, on the global economic collapse
- Honorable Mention in Television Enterprise: “Black Money,” by Marlena Telvick, Lowell Bergman, Oriana Zill de Granados and Daniel Hirst, PBS Frontline, on international bribery
- Commentary: “Capitalist Fools” and “Wall Street’s Toxic Message,” by Joseph E. Stiglitz, Vanity Fair, about the mistakes behind the economic collapse and its possible impact on nations’ future choice of economic systems
- Beat Writing: “The Toyota Recall,” by Ralph Vartabedian and Ken Bensinger, Los Angeles Times
- Breaking News: “GM, Chrysler Nudged Toward Bankruptcy,” by Christine Tierney, David Shepardson and Gordon Trowbridge, Detroit News
- Magazines: “How Bernie Did It,” by James Bandler, Nicholas Varchaver and Doris Burke, Fortune, about the Madoff scandal
- Medium and Small Newspapers: “Keys to the Kingdom,” by Michael Sallah, Rob Barry and Lucy Komisar, Miami Herald, about how the state’s lax regulation aided Ponzi schemer Allen Stanford
- News Services: “Goldman, Moody’s and the Collapse of the American Economy,” by Greg Gordon, Kevin G. Hall and Chris Adams, McClatchy Newspapers
- Television Breaking News: “The Madoff Scandal,” by Scott Cohn, Mary Thompson, Courtney Ford, Wally Griffith and Molly Mazilu, CNBC
- Business Book: “Too Big to Fail,” by Andrew Ross Sorkin
- Personal Finance: “From Prison to the Pinnacle,” by Matthew Hathaway, Elizabethe Holland and Jim Gallagher, St. Louis Post Dispatch, on the rise of auto service-contract marketer US Fidelis and its co-founder, Darain Atkinson, who rose from prison to prosperity.
- Online Commentary & Blogging: “Pogue’s Posts,” by David Pogue, The New York Times’ technology columnist
The awards were established in 1957 by the late Gerald Loeb, founding partner of the brokerage firm E.F. Hutton, to honor journalists who contribute to the understanding of business, finance and the economy.
This year’s competition drew a record 513 entries. You can read about the finalists here.
The deadline — Aug. 2 — is approaching for another major business journalism contest, the Reynolds Center’s Barlett & Steele Awards for Investigative Business Journalism. To enter work published in the year ending June 30, 2010, click here. Prizes total $7,000.