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.
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