At BUSINESS WEEK, we're very proud that we're the best-selling business magazine in the world. One reason, of course, is that we always strive to offer the best stories--original, smart, probing, and insightful. So it's gratifying when we receive word that we are doing our job with great distinction.
This year, once again, we are honored to learn that BUSINESS WEEK has been named a finalist for general excellence in the National Magazine Awards. Like the Oscars for Hollywood or the Pulitzers for newspapers, this is the biggie in the magazine world. We're in good company: The other finalists for the general-excellence award for magazines with circulations of more than 1 million are Discover, Entertainment Weekly, Sports Illustrated, and Vanity Fair. The winner will be announced on Apr. 30.
We were cited for the three issues shown here. In "The Mob on Wall Street," by Gary Weiss, we broke the story of how organized crime has infiltrated the market for small-cap stocks. Just last week, the NASD, crediting BUSINESS WEEK, announced an investigation into the very companies and dealers we discussed.
In another investigative story, "Abuse of Power," Mark Maremont broke the story of widespread sexual harassment at Astra USA, the U.S. affiliate of the Swedish pharmaceutical giant. The story resulted in the immediate ouster of CEO Lars Bildman, who was also indicted for fraud just last week.
Finally, "Inside Microsoft," by Kathy Rebello, told the story of how Bill Gates didn't see the Internet coming--and had to chart a sudden new course for Microsoft Corp. An example of narrative storytelling at its very best.
This latest nomination extends our remarkable record of consistency in the National Magazine Awards. BUSINESS WEEK has been a finalist in the general-excellence category 5 times in the past 6 years and 8 times in the past 11. We won the prize in 1994 and 1996. Few other magazines match our record of achievement--and no other business magazine even comes close.
It's nice to win prizes, and we're certainly proud of our record of journalistic excellence. But the real winner is you, the reader. Thanks for your support and loyalty.