Tag Archives: Awards
Paul Steiger, The Wall Street Journalâ€™s longest-serving managing editor, will receive the 2007 Distinguished Achievement Award from the Society of American Business Editors and Writers at its 44th annual conference in Anaheim, Calif., May 22.
Steiger will be honored for decades of service to the Journal, the nationâ€™s top business newspaper, and his tireless dedication to ensuring it remains relevant in a rapidly changing media landscape. He will step down later this year.
â€œIn many ways, The Wall Street Journal has set the bar for high-quality and innovative business journalism,â€? said Orange County Register columnist Jonathan Lansner, head of SABEWâ€™s committee that decided the honor and SABEWâ€™s immediate past president. â€œAnd Paul, as its newsroom leader, deserves this award because too many mornings his product made many of us say to ourselves, â€˜Why didn’t I think of that?â€™â€?
Steiger, 64, has overseen dramatic redesigns of the Journal, additions of popular new sections to broaden readership, plus a push of breaking news to the Web. On his watch, Journal’s reporters and editors have won 14 Pulitzer Prizes.
He led his staff as it mourned correspondent Daniel Pearlâ€™s kidnapping and murder just a few months after the Journal was forced from its offices near the World Trade Center after Sept. 11. After the twin towers collapsed, Steiger and others gathered at a Manhattan apartment of Journal colleague and friend Barney Calame to ensure a well-written and comprehensive paper hit stands the next day. The work won several awards.
It was â€œboth a sad and terrifying day, but it was also a day where I was so proud of my colleagues,â€™ Steiger said.
He joined the Journal in 1966 as a reporter in the San Francisco bureau. Two years later, he switched to the Los Angeles Times as a staff writer and, in 1978, he became business editor.
Five years later, Steiger rejoined the Journal as an assistant managing editor in New York and later was promoted to deputy managing editor in 1985. He became managing editor in 1991. The European and Asian Journalâ€™s editors and news staffs began reporting to him in 2002 and the Journal Online followed four years later.
â€œHeâ€™s really smart and he is straightforward. Heâ€™s extremely honest and that relates not only being a good journalist but to being a good manager,â€? Calame said. â€œâ€¦He knows when and how to compromise without giving up fundamental principles. He has a sense of humor and ability to laugh. Thatâ€™s really important. Things can get really serious in business journalism.â€?
Steiger is the 17th business journalist to receive the SABEW Distinguished Achievement Award since it was launched in 1993. Other winners include Calame, now The New York Timesâ€™ public editor, Stephen B. Shepard, former BusinessWeek editor in chief, Cheryl Hall of The Dallas Morning News and Myron Kandel of CNN.
Business journalists are finalists in three Pulitzer Prize categories, according to a list published on the Editor & Publisher site by Joe Strupp.
The Wall Street Journal’s series on the backdating of stock options is a finalist in the category of Public Service, while New York Times business columnist Joe Nocera is a finalist in the Commentary category.
In addition, the Baltimore Sun’s biz section series “On Shaky Ground” about abuses in Maryland’s peculiar ground-rent system is a finalist in the Local Reporting category.
There might be others as well. I am not familiar enough with some of these entries to determine if they were written by business journalists.
Read more here. The winners will be named April 16.
The Journal series of articles on backdating stock options were also winners in the National Headliner Award competition, announced Wednesday. The reporters are Charles Forelle, James Bandler and Mark Maremont.
Second place in the National Headliner business news competition was Greg Burns of the Chicago Tribune for â€œCollege Has Become Less Affordableâ€?, while third place went to Jim Adams, R.G. Dunlop and Caroline Lynch Pieroni of The Courier-Journal in Louisville for â€œSelling a Dream, Buying a Nightmare.â€?
The series of Wall Street Journal articles on backdating of stock options has won the business news category of the George K. Polk Awards, according to an Editor & Publisher story.
The Journal’s Charles Forelle, James Bandler and Mark Maremont won for business reporting. They revealed the “widespread practice of backdating stock-option awards that allow executives to buy low and sell high, greatly increasing their compensation. The stories shook corporate giants from Apple to UnitedHealth Group and triggered federal investigations into whether shareholders were deceived at more than 130 companies.”
The George Polk Awards are a series of prestigious American journalism awards issued annually by Long Island University in New York. They were established in 1949 to remember George Polk, a CBS correspondent slain covering the Greek civil war.
See the rest of the winners here.
Davan Maharaj, who has been deputy business editor of the Los Angeles Times, now becomes its top business editor, replacing Russ Stanton, who is becoming the paper’s business editor.
Stanton sent an e-mail from editor Jim O’Shea announcing the change to Talking Biz News.
O’Shea wrote, “A respected and highly accomplished journalist, Davan brings a distinguished career and strong leadership to the job. In his 17 years at The Times, Davan has covered Orange County, been a foreign correspondent, a reporter in business, assistant foreign editor and deputy business editor. He has won numerous journalism awards, including the Ernie Pyle award for International Reporting in 2005.
“Davan is an energetic, creative and smart journalist who will put his stamp of excellence on The Times business coverage. His appointment takes effect immediately. I am sure everyone joins me in congratulating Davan and his family on his new job and challenge. This is a promotion that is richly deserved. I know he will do a great job.”
Stanton was moved to his new position last month in a move by the paper to focus more on breaking news on its Web site.
Maharaj has a Yale Master’s Degree in law and an undergraduate degree from the University of Tennessee. He is a former Nairobi correspondent for the paper and worked as a business reporter from 1998 to 2001.
In the Times story posted Friday morning, reporter James Rainey wrote, “Maharaj said he hoped to build on the ‘solid foundation’ left by his predecessor and to focus particular attention on Southern California businesses and entrepreneurs. He said he planned to improve the business section’s profile on the newspaper’s Internet site, latimes.com, and ‘to attract younger readers with features and advice that we think they might welcome and to make our business coverage a really necessary read for people of all ages.’
“The Times has focused particular attention on the entertainment industry, an emphasis Maharaj said he planned to continue while expanding reporting on personal finance.”
Read more here.
Business news cable network CNBC, already reeling this year for having to defend one of its stars for taking a plane ride on a corporate jet of a company it covers, is giving out awards to executives.
The Third Annual CNBC Executive Leadership Awards were given out recently, and they were given to people such as Citigroup CFO Sallie Krawcheck and the CEOs of Johnson & Johnson and Google.
Can anybody else think of a business media outlet that gives out such major awards to the people and companies they cover?
CNBC, which televised the event on Monday, has a bigger ethics problem than Mariagate. The line is being blurred even further between the journalism and the promotional aspects of what it does. I note that the Wall Street Journal had been a sponsor of these awards, but it’s name is no longer attached to the event. Did they get smart?
Laurie Cohen, a well-known Wall Street Journal reporter who left the paper back in November to go to startup Conde Nast Portfolio, is now back at the Journal, according to a memo posted on the Romenesko site.
Portfolio has yet to publish its first issue.
In the memo, senior editor Michael Siconolfi said, “Laurie’s responsibilities will be the same–digging out great legal and financial stories–and she again will report to me. Please welcome her back.”
In 2003, Cohen was a member of a team of Journal reporters awarded the 2003 Pulitzer Prize in explanatory reporting for a series of stories that exposed corporate scandals, elucidated them and brought them to life in compelling narratives.
In 1996, she was a member of two Journal reporting teams that won awards. One team won a Sigma Delta Chi award for public service from the Society of Professional Journalists for coverage of the tobacco industry. The second team received the award for best reporting in the minority issues category in a contest sponsored by the Deadline Club, the New York City Chapter of the Society of Professional Journalists.
Cohen received the 1995 Front Page Award for investigative reporting for her page-one story, â€œDirty Dozen?â€? The story focused on how criminals sometimes attempt to purchase freedom through jury tampering.
New York Times reporter Geraldine Fabrikant takes a close look at CNBC anchor Maria Bartiromo and her association with Citigroup in Friday’s newspaper.
Bartiromo’s trip on a Citi corporate jet is apparently what led to the ouster of one of its executives earlier this week. Fabrikant reported that it wasn’t the first time Bartiromo had flown on the plane.
Fabrikant wrote, “CNBC also denied that Ms. Bartiromo had involvement with Citigroup more so than other businesses. In its statement, CNBC said, ‘In 2006 alone, she made 46 public appearances on behalf of CNBC.’
“The CNBC representative said that as the on-air figure most closely associated with the channel, Ms. Bartiromo routinely made promotional appearances at corporate events. Many of the corporations advertise on CNBC. Citigroup is among the biggest advertisers, a CNBC spokesman said.
“Of the 46 appearances Ms. Bartiromo made in 2006, the CNBC representative said, only three were on behalf of Citigroup. The list of other companies with events at which she appeared last year included Google, Schwab and Dow Jones.
“In no case was Ms. Bartiromo paid for speaking at the events, the CNBC representative said. The channel defended Ms. Bartiromoâ€™s travel arrangements. The statement said, ‘Her travel has been company-related and approved, and involved legitimate business assignments.’ The CNBC representative added that the awards event in London was a routine appearance for Ms. Bartiromo.”
Meanwhile, The Washington Post’s Howard Kurtz entered into the Bartiromo coverage on Friday, noting that her close association with some companies is raising questions.
Kurtz wrote, “CNBC executives say they approved and paid for each trip, and reimbursed Citigroup for the corporate flight. But the time and distance involved raise questions about how close Bartiromo has gotten to some companies she covers and whether she has become more of a celebrity journalist than the Wall Street workhorse of her earlier years.”
Later, Kurtz wrote, “While some of the 46 events involved other major corporations, such as Google, Charles Schwab and General Electric, they also included appearances on behalf of the AARP, Milken Institute, New York University and various charities.
“CNBC executives say that Bartiromo was fostering positive publicity for herself and her network while developing high-level sources among companies she covers. ‘I don’t think there’s even the appearance of a conflict of interest,’ said one executive who asked not to be identified while discussing personnel matters. ‘We paid our way. This is what we cover. This is what we do.’”
The Wall Street Journal’s coverage of backdating stock options was named Wednesday as the first place winner of the inaugural Philip Meyer Awards.
In addition, Gannett News Service was recognized for its analysis that rated hospitals on care for heart-attack patients, and a Philadelphia Inquirer investigation of a cheating scandal in New Jersey schools completed the winners list.
The Meyer Awards recognize the best uses of social science methods in journalism. The awards will be presented on March 9 in Cleveland at the 2007 CAR Conference, sponsored by Investigative Reporters and Editors. The first-place winner will receive $500; second and third will receive $300 and $200.
The awards are administered by the National Institute for Computer-Assisted Reporting (a joint program of Investigative Reporters and Editors and the Missouri School of Journalism), and the Knight Chair in Journalism at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University.
The awards are in honor of Meyer, the Knight Chair in Journalism at the University of North Carolina at Chapel Hill. Meyer is the author of “Precision Journalism,” the seminal 1973 book (and subsequent editions) that encouraged journalists to incorporate social science methods in the pursuit of better journalism. As a reporter, he also pioneered using survey research for Knight-Ridder newspapers while exploring the causes of race riots in the 1960s.
The Journal’s “Perfect Payday” was a series of articles over the past year that exposed the widespread practice of secretly backdating stock option grants to benefit corporate insiders. Lead writers Charles Forelle and James Bandler used a statistical model to calculate the wildly improbable odds that options grant dates would just happen to be so favorably profitable to dozens of executives at some of the nationâ€™s best-known companies.
Their stories about the scandal have spurred an ongoing federal securities investigation into rigged options at more than 100 companies to date.
Read about the other winners here.
The New York State Society of Certified Public Accountants is reminding journalists to send entries for its annual Excellence in Financial Journalism Award.
This competition recognizes reporters from the national and local media who contribute to a better understanding of business topics. The Society presents awards in print, radio, television, wire service and electric media published or broadcast between Jan. 1 and Dec. 31, 2006.
Deadline for entries is Feb. 1, 2007. An application is available from the Society’s website, http://www.nysscpa.org/ in the Press Room.
Entries are judged by members of the Society and the New York Financial Writers Association. An awards luncheon is held at the Yale Club in early May.
Any questions about your application may be directed to Lois Whitehead, NYSSCPA public relations manager at 212-719-8405 or firstname.lastname@example.org
Last year’s winners, which included journalists from Bloomberg, BusinessWeek and Newsweek, can be seen here.
The Software & Information Industry Association has named the finalists for its 22nd annual Codie Awards, and some of the categories include online financial news sites, financial blogs and technical blogs.
The Codie Awards, established in 1986, celebrate outstanding achievement in the software, digital information, and education technology industries.
The finalists for Best Financial Blog are Marketwatch’s Herb Greenberg’s blog, Smallbiztrends.com, Thomson Bio/Pharma Forum and Jim Cramer’s Daily Booyahs on TheStreet.com.
The finalists for the Best Technology Blog are Techcrunch.com, Searchblog from Battelle Media, DDJ.com/blog from CMP Technology, McAfee Avert Labs Blog and NWN.blogs.com from New World Notes.
See all of the finalists here. The winners will be named April 17 at a gala at the Palace Hotel in San Francisco.