James B. Stewart of The New York Times to receive Lifetime Achievement Award
Lawrence Minard Editor Award honoree is Lois Norder of The Atlanta Journal-Constitution
Loeb Awards banquet on October 9 in New York City will celebrate honorees and reveal competition winners live

LOS ANGELES, Aug. 28, 2025 /PRNewswire/ -- The G. and R. Loeb Foundation Inc. and UCLA Anderson School of Management today announced two career honorees and 41 competition finalists of the 2025 Gerald Loeb Awards for Distinguished Business and Financial Journalism. The winners will be revealed live at the Loeb Awards banquet and celebration on Thursday, October 9, 2025, at the Rainbow Room in New York City — a signature event that honors excellence in business journalism and provides critical support for the Loeb Foundation's nonprofit mission.

The foundation and awards were created to encourage and recognize reporting on business and finance that inform and protect the private investor and the general public. The Loeb Awards are considered the highest honor in business journalism in the United States.

Loeb Awards Banquet and Support for the Mission

The Loeb Awards banquet and celebration will be held on Thursday, October 9, 2025, at the Rainbow Room in New York City. The evening will feature live announcements of the winning journalists and outlets in each competition category, and tributes to career honorees James B. Stewart and Lois Norder. Hosted by Tyler Mathisen of CNBC, the event brings together top journalists, media executives and industry leaders for an unforgettable night of recognition and celebration. Journalists participating as category presenters will be announced in the coming weeks via LinkedIn and X (formerly Twitter).

Visit theloebawards.com for the official 2025 Loeb Awards invitation. Support for the banquet through ticket purchases, table sales and sponsorships is vital to sustaining the Loeb Foundation's mission. As a 501(c)(3) nonprofit, the foundation relies on this support to continue honoring excellence in business journalism, funding the awards program and preserving the legacy of Gerald Loeb. For more details on attending the banquet — including discounted rates for media outlets, finalists and judges — and information on tribute journal advertising and sponsorship packages, please contact Candice Medenica at candice.medenica@anderson.ucla.edu.

Career Achievement Honorees

James B. Stewart, business columnist for The New York Times, will receive the 2025 Loeb Lifetime Achievement Award. The Lifetime Achievement Award recognizes a journalist whose career exemplifies the consistent superior insight and professional skills necessary to further the understanding of business, financial and economic issues.

Shortly after graduating from Harvard Law School, Stewart began a journalism career that has spanned nearly five decades. Before his tenure at The New York Times, he served as Page One Editor at The Wall Street Journal, was a staff writer at The New Yorker, and helped launch two successful publications: The American Lawyer and SmartMoney. He is also an emeritus professor at Columbia Journalism School, where he taught business journalism.

Stewart has authored 11 acclaimed books that include Den of Thieves, DisneyWar and Unscripted, and has won numerous awards, including a Pulitzer Prize and five Loeb Awards. His reporting has exposed insider trading scandals, corporate corruption and systemic failures in finance and governance. The trust he's earned from sources across industries and institutions — combined with his signature blend of investigative rigor and narrative storytelling — has helped elevate business journalism to new heights, making complex financial topics accessible and compelling to broad audiences.

Stewart has influenced a multitude of journalists, many of whom have passed down his guidance in their own newsrooms. He is widely regarded as a mentor and role model who leads by example. That integrity, combined with his unflinching pursuit of truth, exemplifies the values at the heart of the Lifetime Achievement Award.

Lois Norder, recently retired senior editor for investigations at The Atlanta Journal-Constitution, will receive the 2025 Lawrence Minard Editor Award. Created in memory of Lawrence "Laury" Minard, founding editor of Forbes Global and a former final judge for the Loeb Awards, this award recognizes excellence in business, financial and economic journalism editing. It honors an editor whose work does not often receive public recognition.

Norder's four-decade career has been defined by her relentless pursuit of accountability journalism, along with her achievements in building hand-coded databases, pioneering newsroom tools and guiding teams through complex investigations with hands-on support and compassion. She began her career in Iowa. After graduating from Drake University, she held key editorial roles at the Shreveport Journal, Fort Worth Star-Telegram and the Atlanta Journal-Constitution. Across these newsrooms, she directed investigations that led to policy reforms, criminal prosecutions and national recognition — exposing waste, fraud and abuse in housing, health care, education and the criminal justice system.

Widely regarded as the editor behind some of the most impactful journalism in regional newsrooms, Norder has earned recognition for a portfolio that includes the Doctors & Sex Abuse series, the award-winning Dangerous Dwellings and Unprotected, and exposés on Georgia's prison system and a pediatric hospital. Her work has been honored with the Philip Meyer Journalism Award, the Scripps Howard Award and the National Headliners Award for Public Service.

Norder has shaped the careers of dozens of journalists and inspired newsroom-wide excellence. Her ability to lead with consistency, empathy and unwavering integrity exemplifies the values of the Minard Editor Award.

2025 Competition Finalists

AUDIO

"Odd Lots - Beak Capitalism" – Bloomberg News
Tracy Alloway, Carmen Rodriguez, Joe Weisenthal, Blake Maples, Dashiell Bennett, Cale Brooks, Brendan Newnam and Sage Bauman

"What Happened in Alabama? The $300 Billion Disinheritance" – Lee Hawkins and APM Studios/American Public Media
Lee Hawkins, Joanne Griffith, Erica Krause, Kyana Moghadam, Marcel Malekebu, Martina Abrahams-Illunga and Jessica Kariisa

"Into America: Uncounted Millions" – MSNBC
Trymaine Lee, Aisha Turner, Max Jacobs and Janmaris Perez

"Zombie Mortgages Threaten Thousands of Americans' Homes" – NPR
Chris Arnold, Robert Smith, Robert Little, Jess Jiang, Sam Yellowhorse Kesler, Robert Benincasa, Nick McMillan and Alex Goldmark

BEAT REPORTING

"Steward Health Care's Downfall and Impact" – The Boston Globe and The Organized Crime and Corruption Reporting Project
Staff of The Boston Globe

"The Murdoch Family Battle" – The New York Times
Jim Rutenberg and Jonathan Mahler

"Blowout/Fallout" – The Seattle Times
Dominic Gates, Lauren Rosenblatt, Paige Cornwell and Patrick Malone

"Health Care's Colossus" – STAT
Bob Herman, Casey Ross, Tara Bannow and Lizzy Lawrence

BREAKING NEWS

"The CEO Killing That Shocked the World" – Bloomberg News
Myles Miller, John Tozzi, Antonia Mufarech, David Voreacos, Cynthia Koons, Robert Langreth, Matthew Boyle, Riley Griffin, Michelle Fay Cortez, Shelly Banjo and Katia Porzecanski

"The CrowdStrike Update That Crashed Computers — and Businesses — around the World" – Bloomberg News
Amy Thomson, Jordan Robertson, Ryan Gallagher, Shona Ghosh, Vlad Savov, Evan Gorelick, Ashleigh Furlong, Ike Swetlitz and Fiona Rutherford

"Inside the Alaska Airlines Blowout: 'Is It OK if I Hold Your Hand?'" – The Wall Street Journal
Alison Sider, Patience Haggin, Allison Pohle, Sharon Terlep, Nancy Keates, Benjamin Katz and Andrew Tangel

COMMENTARY

"The Trump Trade" – Barron's
Matt Peterson

"Buying Power" – Bloomberg Businessweek
Amanda Mull

"Kevin Roose on A.I." – The New York Times
Kevin Roose

"Adam Feuerstein: Truth-Teller on the Biotech Industry" – STAT
Adam Feuerstein

EXPLANATORY

"Prison to Plate" – The Associated Press
Margie Mason and Robin McDowell

"The New Immigration" – ProPublica
Nicole Foy, Mariam Elba, Eli Hager, Seth Freed Wessler and Zaydee Sanchez

"'Sustainable' Logging Operations Are Clear-Cutting Canadian Forests" – Reuters
Chris Kirkham, Grant Smith and Jessica DiNapoli

"The War on Recovery" – STAT
Lev Facher

FEATURE

"The Egg" – Bloomberg Businessweek
Natalie Obiko Pearson, Jessica Brice, Susan Berfield, Vernon Silver, Kanoko Matsuyama, Cindy Wang, Sinduja Rangarajan and Fani Nikiforaki

"Unsafe Online" – Bloomberg Businessweek
Olivia Carville and Cecilia Anastasio

"Silicon Valley's Influence Game" – The New Yorker
Charles Duhigg

INTERNATIONAL

"Cashing Out" – Inside Climate News
Katie Surma and Nicholas Kusnetz

"The Brutality of Sugar: Debt, Child Marriage and Hysterectomies" – The New York Times and The Fuller Project
Megha Rajagopalan and Qadri Inzamam

"The Money War" – The Washington Post
Staff of The Washington Post

INVESTIGATIVE

"Fentanyl Express" – Reuters
Staff of Reuters

"Medicare Inc.: How Giant Insurers Make Billions Off Seniors" – The Wall Street Journal
Christopher Weaver, Tom McGinty, Anna Wilde Mathews, Mark Maremont and Andrew Mollica

"Musk Above the Law" – The Wall Street Journal
Staff of The Wall Street Journal

LOCAL

"How Uber and Lyft Used a Loophole to Deny NYC Drivers Millions in Pay" – Bloomberg News
Natalie Lung, Leon Yin, Aaron Gordon, Denise Lu and Evan Gorelick

"Steward Health Care investigation" – The Boston Globe and The Organized Crime and Corruption Reporting Project
Staff of The Boston Globe

"KARE 11 Investigates: Recovery Inc." – KARE 11-TV
A.J. Lagoe, Steve Eckert, Gary Knox, Brandon Stahl and Kelly Dietz

PERSONAL FINANCE & CONSUMER REPORTING

"Dirty Weed" – Los Angeles Times
Paige St. John, Adam Elmahrek, Alex Halperin, Sean Greene and Lorena Iñiguez Elebee

"'Sale-leasebacks' Offer to Help Homeowners Needing Cash" – NPR
Caitlin Thompson, Monika Evstatieva, Robert Little and Barrie Hardymon

"How Lincare Became a Multibillion-Dollar Medicare Scofflaw" – ProPublica
Peter Elkind and Doris Burke

"Scammed" – The Washington Post
Michelle Singletary

VIDEO

"Satellite Images Track Four Gaza Businesses Upended by War" – Business Insider
Reem Makhoul, Matilda Hay, Yasser Abu Wazna, Clancy Morgan, Amelia Kosciulek, Liz Kraker, Dorian Barranco, Marisa Frey, Mark Abadi, Robert Leslie, Barbara Corbellini Duarte and Erica Berenstein

"Social Security's Secret" – Cox Media Group and KFF Health News
Jodie Fleischer, Josh Wade, Amy Hudak, John Bedell, Justin Gray, Leah Dunn, Samantha Manning, David Hilzenrath, Fred Clasen-Kelly, Ben Becker, Jesse Jones, Shannon Butler, Christine Swartz, Alex Fruin and Ted Daniel

"Ozempic Underworld: The Black Market of Obesity Drugs" – CNBC
Scott Zamost, Melissa Lee, Eunice Yoon, David Lettieri and Charlie Roth

VISUAL STORYTELLING

"AI Data Centers Wreak Havoc on Energy Grids and Power Quality" – Bloomberg News
Leonardo Nicoletti, Josh Saul, Naureen Malik, Andre Tartar, Saritha Rai, Dina Bass, Ian King, Jennifer Duggan, Seth Fiegerman, Chloe Whiteaker and Millie Munshi

"The Clandestine Oil Shipping Hub Funneling Iranian Crude to China" – Bloomberg News
Serene Cheong, Clara Ferreira Marques, Weilun Soon, Krishna Karra, Yasufumi Saito, James Rattee, Tom Gibson, Emily Cadman and Jane Pong

"Bedtime Stories of Hong Kong's Helpers" – South China Morning Post Publishers Ltd.
David Surya

Final judges elected not to announce finalists in the Interview category this year.

For more information, visit anderson.ucla.edu/gerald-loeb-awards, engage with us on LinkedIn and X, or contact loeb@anderson.ucla.edu.

About Gerald Loeb
Gerald Martin Loeb was born in 1899 in San Francisco, California. He began his career in 1921 in the bond department of a securities firm. He moved to New York City in 1924 to help establish E.F. Hutton and eventually ascended to vice chairman of the board. During Gerald Loeb's career, he was a favorite of business and financial journalists for his willingness to be interviewed and was described as "probably the most quoted man on Wall Street" (Forbes 1955). He was also an author of two investment strategy books, a guest columnist for Forbes and widely considered a Wall Street icon. In 1957, he established the G. and R. Loeb Foundation (under the stewardship of the University of Connecticut) to present the Gerald Loeb Awards for Distinguished Business and Financial Journalism. In 1973, he transferred the stewardship of the awards to UCLA Anderson School of Management under the deanship of Harold Williams.

About UCLA Anderson School of Management
UCLA Anderson School of Management is a world-renowned learning and research institution. As part of the nation's No. 1 public university, its mission is to advance management thinking and prepare transformative leaders to make positive business and societal impact. Located in Los Angeles, one of the nation's most diverse and dynamic cities and the creative capital of the world, UCLA Anderson places more MBAs on the West Coast than any other business school, and its graduates also bring an innovative and inclusive West Coast sensibility to leading organizations across the U.S. and the world. Each year, UCLA Anderson's MBA, Fully Employed MBA, Executive MBA, UCLA-NUS Executive MBA, Master of Financial Engineering, Master of Science in Business Analytics and doctoral programs educate more than 2,000 students, while the Executive Education program trains an additional 1,800 professionals. This next generation of transformative leaders will help shape the future of both business and society.

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