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Reporters and editors doggedly followed the money directly to great business stories and journalism's highest honor: the Pulitzer Prize.
In a year dominated by Hurricane Katrina and the war in Iraq, Columbia University and the Pulitzer Board also lauded business reports about how money was mishandled in some of the highest reaches of government and society.
The Washington Post took home an Investigative Reporting Pulitzer Prize for its stories on Jack Abramoff and the lobbying scandal, exposing corruption and forcing reform within Congress. Reporters Susan Schmidt, James V. Grimaldi and R. Jeffrey Smith penned stories that discussed Abramoff's sentence of nearly six years in prison, as well as guilty pleas from several of his partners and associates and resignations from at least two high-level legislators.
The finalists for the Investigative Reporting prize also dug underneath the dollars for their stories.
Jason Felch and Ralph Frammolino of the Los Angeles Times focused on the mismanagement of the J. Paul Getty Trust, the richest art institution in the world, while Sally Kestin, Megan O'Matz and John Maines of the South Florida Sun-Sentinel focused on the mishandling of hurricane aid by the federal government.
Money, and the corruption of it, was also the cornerstone of stories by The San Diego Union-Tribune and Copley News Service that won one of two National Reporting Pulitzer Prizes this year. Reporters there exposed bribes being accepted by formerly beloved war hero Rep. Randy "Duke" Cunningham, who in quick succession resigned, plead guilty and is now serving an eight-year prison sentence.
In addition, fraud wasn't too far from Toledo, Ohio, where The Blade uncovered illegal actions by the governor and other state officials involving the state's investment in a rare-coin fund. The series, which was a finalist for the Public Service Pulitzer Price, led to several criminal prosecutions.
Copyright © 2008 Donald W. Reynolds National Center for Business Journalism