It was the spring of 1969. Richard M. Nixon was President, the Vietnam War was raging, and the Dow Jones industrial average was hovering at 950 or so. On May 1, Lewis H. Young became editor-in-chief of BUSINESS WEEK, beginning a run that lasted 15 years, the longest in our nearly 70-year history. I'm sad to report that Lew died on June 12 at age 73.
During Lew's tenure here, BUSINESS WEEK experienced rapid growth, fortifying its position as America's best-selling business magazine. With an eye for news, he substantially upgraded the magazine's coverage of Corporate America, never flinching from the tough story when it was appropriate. Perhaps his greatest contribution was to anticipate two of the far-reaching trends of our time: the technology revolution and the globalization of business. He expanded our international bureau system, especially in Asia, and launched a weekly department called Information Processing--making BUSINESS WEEK the first noncomputer publication to cover the nascent industry on a regular, in-depth basis.
Lew's aggressive brand of journalism helped the magazine win four National Magazine Awards, including two for general excellence, the magazine equivalent of the Pulitzer Prize.
In 1982, Lew was named chairman of Catalyst, the nonprofit group that helps women in business. It was a cause he deeply believed in.
Upon retiring from BUSINESS WEEK in 1984, Lew embarked on a second career. After a brief stint as president of Diebold Group, an international management consulting firm, Lew turned his interest in Asia into a publishing venture. He spent three years living in Hong Kong, where he started the magazine Far East Business. In 1989, he joined Cahners Publishing Co., an affiliation that lasted until his death.
Lew left his mark on all of us who knew him. He was one of the giants of business journalism.