Best business reporting from abroad in magazines
AWARD YEAR: 1998
AWARD NAME: The Morton Frank Award 1998
RECIPIENT: Michael Shari, Joyce Barnathan, Pete Engardio, Dean Foust, Jonathan Moore, Sheri Prasso, Christopher Power
AFFILIATION: Business Week
HONORED WORK: “Indonesia in Turmoil”
This package of articles offered outstanding reporting on the many things that went wrong in Indonesia as the Asian financial crisis struck home. In the first article, the Business Week team wove closeup reporting into a textured analysis of the unfolding crisis, including an account of why the International Monetary Fund blundered. A second article featured richly detailed reporting on Indonesia’s merchant class, the ethnic Chinese—and why they were singled out for persecution. Lastly the magazine offered an enterprising investigative report on atrocities at a vast liquid natural gas facility in Aceh province, partially owned by Mobil Oil Corp. The article showed how overseas investors who took part in President Suharto’s crony capitalism had became complicit in the regime’s human rights abuses.
Citations for Excellence:
Brian Bremner, Irene Kunii, Robert Neff, Emily Thornton
Business Week
“Japan’s Financial Meltdown”
David E. Kaplan
U.S. News & World Report
“Yakuza”
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