Business Book Award
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In 2005, Goldman Sachs, in partnership with the Financial Times, launched a global award, the Financial Times and Goldman Sachs Business Book of the Year Award.
The Award recognizes one business book that provides “the most compelling and enjoyable insight into modern business issues, including management, finance and economics.” The winning author received £30,000, and each of the shortlisted authors receives a £10,000 prize.
2010 Award
The search for the most compelling and enjoyable business book of 2010 is under way. Now in its sixth year, the 2010 Business Book of the Year Award ceremony and dinner – attended by leaders from the business, media and publishing communities – will take place in New York and unveil this year’s winner on October 27, 2010.
The 2010 judging panel is co-chaired by Lionel Barber, editor of the Financial Times, and Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs. The other judges for this year’s prize are: Helen Alexander, president of the CBI, the UK business association; Lynda Gratton, professor of management practice at London Business School; former European commissioner Mario Monti, president of Milan’s Bocconi University and the Bruegel think-tank; Jorma Ollila, chairman of Nokia and Royal Dutch Shell; and Shriti Vadera, former UK government minister and adviser to South Korea’s G20 presidency.
2009 Award
See Video and Photography from this year's event.
Liaquat Ahamed won last year’s Business Book of the Year Award for Lords of Finance: 1929, The Great Depression, and the Bankers Who Broke the World and went on to win a Pulitzer Prize for the book. The Award was presented October 29, 2009 at a gala dinner in London. The keynote speaker was The Rt Hon Lord Mandelson, UK Secretary of State for Business, Innovation & Skills.
Lords of Finance: 1929, The Great Depression, and the Bankers who Broke the World
Liaquat Ahamed (William Heinemann/Random House UK, The Penguin Press USA)
Many of us take it as a given that the Great Depression – the consequences of which reverberated for decades, crippling the future of an entire generation and setting the stage for WWII – resulted from a confluence of inexorable forces beyond any one person or government’s control.
In fact, as erudite economist Liaquat Ahamed explains, it was the decisions taken by a small number of central bankers that was the primary cause of the economic meltdown.
In Lords of Finance, we meet the neurotic and enigmatic Montagu Norman of the Bank of England; the xenophobic and suspicious Émile Moreau of the Banque de France; the arrogant yet brilliant Hjalmar Schacht of the Reichsbank; and the dynamic Benjamin Strong of the New York Federal Reserve Bank. These four men were as prominent in their time as Alan Greenspan, Hank Paulson and Mervyn King are today, but their names were lost to history, their story untold, until now.
As yet another period of economic turmoil makes headlines today, the Great Depression and the year 1929 remain the benchmark for true financial mayhem. Lords of Finance brings a new understanding of the origins and global nature of financial crises, and offers a timely and arresting reminder that individuals – their ambitions, limitations and human nature – lie at the very heart of global catastrophe.
2008 Award
Mohamed El-Erian’s When Markets Collide: Investment Strategies for the Age of Global Economic Change was named the winner of the 2008 Award at a ceremony and gala dinner in New York, attended by more than 200 senior executives from the publishing and business communities. When Markets Collide offers a cogent picture of the rapidly changing world financial system. The book explores the new economic landscape and provides a detailed blueprint for both capitalizing on the investment opportunities available in this landscape, and minimizing the challenging new set of risks.
See Video and Photography from the 2008 event.
Previous Awards
• William D. Cohan won the 2007 award for The Last Tycoons
• James Kynge won the 2006 award for China Shakes the World
• The winner of the inaugural award in 2005 was Thomas Friedman for his book The World Is Flat