OLD Media Moves

Bloomberg reporter wins Welles prize

November 14, 2011

Posted by Chris Roush

Greg Farrell is the winner of the 2011 Christopher J. Welles Prize for his book “Crash of the Titans,” which tells the story of the decline and fall of Merrill Lynch and its troubled sale to Bank of America.

The Welles Prize is awarded each year to a former Knight-Bagehot Fellow whose work most epitomizes Welles’s ideals of thorough reporting, good storytelling and timeliness. Farrell, who is currently a reporter for Bloomberg News, received a $500 cash prize at the 36th anniversary dinner celebration on Nov. 7.

Farrell joined Bloomberg on February and works on its legal team, writing about companies that are dealing with significant legal/regulatory issues.

Farrell had previously been at the Financial Times since 2008. Before that, he spent nine years at USA Today, where he covered marketing and advertising and then white collar crime.

He earned a bachelor’s degree from Harvard University and an MBA from the Graduate School of Business at Columbia University.

Welles is the former director of the Knight-Bagehot program who was also an editor at BusinessWeek magazine from 1986 to 1999. He died in 2010 at the age of 72.

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