WSJ hires Gretchen Morgenson of New York Times

Wall Street Journal investigations editor Michael Siconolfi sent out the following announcement on Sunday”

All:

I’m delighted to announce that Gretchen Morgenson — one of the nation’s preeminent journalists and a 19-year New York Times veteran — will join The Journal’s Investigative team as a senior special writer, starting late this month.

Gretchen’s byline needs no introduction to any financial journalist or Wall Street player. At The Times, she has masterfully covered numerous financial scandals as a reporter and columnist, from Long-Term Capital Management to Wells Fargo, as well as leading coverage of the financial crisis in 2008. Gretchen has won a Pulitzer Prize for her “trenchant and incisive” coverage of Wall Street, as well as three Gerald Loeb Awards.

Before Gretchen covered the financial world she worked in it. Her three-year stint as a stockbroker at Dean Witter Reynolds in New York in the early 1980s provided a foundation for her knowledge of and insights into the Street.

Even before joining the Times, Gretchen had vast experience. She was an investigative writer and editor at Forbes magazine, breaking the story in 1993 of anti-investor practices on the Nasdaq stock market that led to regulatory changes and a $1 billion Justice Department settlement. She also served as assistant business and financial editor at Forbes, and as press secretary for the 1996 presidential campaign of Steve Forbes.

Gretchen also had been a staff writer at Money magazine. She began her career at Vogue magazine as an editorial assistant, later becoming a writer and financial columnist there.

Born in State College, Pa., Gretchen received a B.A. degree in English and history from Saint Olaf College in Northfield, Minn. She co-authored Reckless Endangerment, a New York Times bestseller about the origins of the 2008 financial crisis. She and her husband Paul Devlin have a grown son, Conor, whom they raised in New York City.

I’m particularly pleased that Gretchen is on our team, after competing with her for years. She will work closely with reporters on our I-team, those in Money & Investing and the financial-enterprise group, and across the newsroom. She will report to me and Deputy Investigations Editor Jenn Forsyth.

Please join us in welcoming Gretchen to The Journal.

Best, Mike