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 Over the years, TheStreet.com's efforts have been recognized for awards by a variety of organizations, including the Gerald Loeb Awards and the Society of American Business Editors & Writers. (A complete list of all TheStreet.com's awards can be found here.)
"I am thrilled and humbled that our work has been recognized by our peers," says David J. Morrow, the editor-in-chief of TheStreet.com.
Gerald Loeb Awards
The news of the accounting scandal at Fannie Mae broke in September 2004, but TheStreet.com's readers were not surprised. Senior columnist Peter Eavis had been chronicling the accounting problems at Fannie Mae in a series of stories beginning in 2003.
For his efforts, Eavis received the Gerald Loeb Award for Distinguished Business and Financial Journalism. Judges in the country's top annual awards for business journalism said Eavis "spelled out the accounting troubles at Fannie Mae long before any findings of wrongdoing were raised and dug into Fannie's financial statements finding numerous areas of concern, even going so far as to tell federal regulators where to look."
Eavis wrote 35 articles on the accounting scandal at Fannie Mae in 2004, many before the debacle became public. The following link recalls five key stories as
Peter Eavis Digs Into Fannie Mae
Finalist 2005: "The Squawk Box Probe": In March 2005, TheStreet.com's Matthew Goldstein broke news the SEC was investigating several brokerage firms in the so-called Squawk Box probe. On top of breaking the news of the probe, Goldstein kept digging and stayed with the story until August, when four brokers were indicted on 40 counts for allowing day traders to listen in on their firms' morning calls.
Highlights of Goldstein's coverage of the scandal include:
Society of American Business Editors & Writers
Winner 2005: The Five Dumbest Things on Wall Street by Colin Barr
The best business commentators examine an event, or set or circumstances, and tell us what these events mean. Colin Barr, a senior editor, not only does this 52 weeks out of the year, he accomplishes this with biting humor and crisp, descriptive writing.
Winner 2004: Weighing Biovail's Claims by Adam Feuerstein:
Senior biotech reporter Adam Feuerstein's extensive research refuted Biovail's claim that a truck accident cost it $10 million to $20 million in lost revenue when a shipment of its antidepressant Wellburtrin XL could not be delivered. Feuerstein walked readers through the calculations to prove the undelivered shipment could Biovail about $4 million. Biovail later admitted it had actually lost close to $5 million in revenue from the truck accident, not the $20 million it originally estimated.
Winner 2003: "Plenty of Options for Ebay"
At a time when the wretched excesses of Enron and WorldCom captured a preponderance of media coverage, Troy Wolverton looked at stock option-grants at one of the few profitable Internet companies - eBay. His reports were both educational and alarming, as they showed how common investors get hurt as the insiders benefit, the supposedly inviolate cash flow statement gets pumped up, and the large institutional shareholders decline to take a public stand.
Wolverton was recognized for the following stories:
Other Awards
The Media Industry Newsletter (MIN) 2006 Best E-mail Newsletter:
TheStreet.com Options Alert won the 2006 min award for Best Online Newsletter. The service, written by Steven Smith, highlights what options are being considered for the week ahead each Monday. This is an innovative approach that has been popular with its subscribers.
Newswomen's Club of New York 1999 "Internet Breaking Business News" category: Tax Collector Reaches Out and Touches Telebras Investors
NY State Society of CPAs winner 1999: Looking out for Shareholders
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