Michael Lewis
Best business reporting from abroad in magazines
AWARD DATE: 2009
AWARD NAME: The Morton Frank Award 2009
AWARD RECIPIENT: Michael Lewis
AWARD RECIPIENT AFFILIATION: Vanity Fair
AWARD HONORED WORK: “Wall Street on the Tundra”
Michael Lewis writes a richly reported and engaging account of the bursting of Iceland’s financial bubble. Lewis calls Iceland’s experiment with hedge funds and other Wall Street-inspired financial engineering instruments “one of the single greatest acts of madness in financial history.” The country’s economy traditionally was based on fishing, aluminum and geothermal energy. When men who had worked on fishing boats put down their rods and took up banking overnight, they set the stage for the economy’s ultimate collapse.
Read “Wall Street on the Tundra” on Vanity Fair >>
Citation for Excellence:
Joshua Hammer
Fast Company
“Bloody Shame”