Stanley Penn

Stanley William Penn (born January 12, 1928, New York, NY)[1] was an American journalist who spent much of his career at the Wall Street Journal. In 1967, he won a Pulitzer Prize for National Affairs Reporting.[2]

Early life and education

Penn was the son of Murray Penn and Lillian (Richman) Penn. He attended Brooklyn College and received a B.A. from the University of Missouri.[1] Penn studied journalism at the latter institution, but later said, "Journalism school was largely a waste of time...If I started out again, I'd major in English, history, or philosophy."[3]


Penn joined the Wall Street Journal in 1952, serving in its Chicago and Detroit bureaus between 1952 and 1957.[1] He became an investigative reporter in that newspaper's New York bureau in 1957, and stayed there until 1990.[2]

He was praised in New York magazine as one of the few true investigative reporters in the U.S.[4]

Penn wrote exclusive articles about the financial dealings of Robert Vesco and Howard Hughes.[5] He established that Vesco had clandestine financial ties to President José Figueres Ferrer of Costa Rica, and that Robert Wagner, the former mayor of New York City, had clandestine financial ties to "a questionable offshore real estate fund."[4]

In 1964, he reported on ballot security.[6][7]

A statement by Penn in a 1966 article has been widely quoted in recent years as an example of faulty prognostication. "Despite the trend to compactness and lower costs," wrote Penn, "it is unlikely everyone will have his own computer any time soon."[8][9]

In 1969 and 1970 he reported on the Newark, New Jersey Mafia.[10][11]

Penn reported in 1971 on a lawsuit filed by Allen & Co., a New York investment bank, charging that Occidental Petroleum had cheated the bank "out of a share of oil concessions in Libya." He quoted from a sworn deposition in which a former Libyan oil minister stated that "he had been close friends with a European promoter hired by Occidental and had kept in touch with him during the bidding on these concessions, with the result that two of the best concessions, worth hundreds of millions dollars, had gone to Occidental." Penn also "found out that the brother-in-law of the former oil minister had received financial interests in a Liechtenstein construction firm controlled by a former representative of Occidental," who, at the minister's request, "had financed a $100,000 movie extolling Libya, for which the former oil minister wrote the script," with his brother-in-law receiving "90 percent of any profits the film might make." Penn's research "showed that if the oil minister received no benefits from the award of the concessions to Occidental, his brother-in-law might have."[4]

When President Nixon nominated William Casey to head the Securities and Exchange Commission, Penn heard that "Casey might have been involved in questionable activities," and after some investigation discovered that "Casey was a rich man who had had interests in a lot of small electronic firms that sold stocks to the public" and that he had been the defendant in several lawsuits. In one suit, "Casey had been accused by a stockholder of violating the same securities laws he would have to uphold as head of the S.E.C. The plaintiff claimed that he had been duped by misleading information into investing $10,000 in Casey's firm, which had collapsed. Casey, the only defendant, had settled out of court for $8,000." When Penn spoke to Casey, Casey described the lawsuit as a "nuisance suit" and maintained that "he hadn't been close to that company." In fact, "Casey's law firm was general counsel to the company, and that he was a stockholder and a director as well as the chairman of the board." Despite Penn's reporting, Casey was confirmed by the Senate to be head of the SEC.[4]

On May 21, 1981, he and Julie Salamon wrote a piece about recent cases of embezzlement in which Chase Manhattan and Wells Fargo had lost millions of dollars.[12]


He wrote a book entitled Have I Got a Tip for You... And Other Tales of Dirty Secrets, Political Payoffs and Corporate Scams: A Guide to Investigative Reporting. It was published by Dow Jones in 1994.[1][13]

Honors and awards

In 1967, Penn and Monroe W. Karmin shared the Pulitzer Prize for National Affairs Reporting for exposing links between organized crime in the U.S. and gambling in the Bahamas.[1] Their investigation established that American gangsters had infiltrated the gambling business on the islands and contributed to the fall of the Bahamian government in a later election.[5]


  1. ^ a b c d e Brennan, Elizabeth A.; Clarage, Elizabeth C. (1999). Who's who of Pulitzer Prize Winners. Greenwood Publishing Group. p. 463. ISBN 9781573561112. Retrieved November 21, 2016.
  2. ^ a b Taft, William H. (July 16, 2015). Encyclopedia of Twentieth Century Journalists. Routledge. p. 460. ISBN 9781317403241. Retrieved November 21, 2016.
  3. ^ Bagdikian, Ben H. (March 1977). "Woodstein U: Notes on the Mass Production and Questionable Education of Journalists". The Atlantic. Retrieved November 21, 2016.
  4. ^ a b c d Daley, Robert (November 12, 1973). "Super Reporter: The Missing American Hero Turns Out To Be...Clark Kent". New York Magazine (Vol. 6, Nr. 46). New York Media, LLC. Retrieved November 27, 2016.
  5. ^ a b David Wallechinsky; Irving Wallace. "History of Newspapers: The Wall Street Journal". Archived from the original on July 22, 2011. Retrieved November 24, 2016.
  6. ^ Perlstein, Rick (October 31, 2004). "It's, like, heavier than the Sixties, man!". Village Voice. Retrieved November 27, 2016.
  7. ^ Kromm, Chris (November 2, 2010). "Why the 'voter fraud' myth won't die". Facing South. Archived from the original on August 7, 2016. Retrieved November 23, 2016.
  8. ^ Moss, Laura (May 7, 2012). "What the future looked like way back when". MNN – Mother Nature Network. Retrieved November 27, 2016.
  9. ^ O'Connell, Liz (May 6, 2002). "Outside the margin". Lubbock Avalanche-Journal. Retrieved November 27, 2016.
  10. ^ Penn, Stanley (February 20, 1969). "Jersey's Mobsters" (PDF). Wall Street Journal. Retrieved November 24, 2016.
  11. ^ Penn, Stanley (January 27, 1970). "Mafia Inroads: Business Shares Blame" (PDF). Wall Street Journal. Retrieved November 24, 2016.
  12. ^ Julie Salamon; Stanley Penn (May 21, 1981). "Inside Job". The Wall Street Journal. Archived from the original on March 18, 2016. Retrieved November 27, 2016.
  13. ^ Penn, Stanley (January 1, 1994). "Have I got a tip for you". Dow Jones. Retrieved November 21, 2016.
1967 Pulitzer Prize

The following are the Pulitzer Prizes for 1967.

Embassy Pictures

Embassy Pictures Corporation (also and later known as AVCO Embassy Pictures as well as Embassy Films Associates) was an American independent film production and distribution studio responsible for such films as Godzilla, King of the Monsters!; The Graduate; The Producers; The Lion in Winter; Carnal Knowledge; The Night Porter; Watership Down; Phantasm; The Fog; Prom Night; Scanners; The Howling; Escape from New York; and This Is Spinal Tap.

Gerard Hoffnung

Gerard Hoffnung (22 March 1925 – 28 September 1959) was an artist and musician, best known for his humorous works.

Raised in Germany, Hoffnung was brought to London as a boy, to escape the Nazis. Over the next two decades in England, he became known as a cartoonist, tuba player, impresario, broadcaster and raconteur.

After training at two art colleges, Hoffnung taught for a few years, and then turned to drawing, on the staff of English and American publications, and later as a freelance. He published a series of cartoons on musical themes, and illustrated the works of novelists and poets.

In 1956 Hoffnung mounted the first of his "Hoffnung Festivals" in London, at which classical music was spoofed for comic effect, with contributions from many eminent musicians. As a broadcaster he appeared on BBC panel games, where he honed the material for one of his best-known performances, his speech at the Oxford Union in 1958.

Gilbert and Sullivan

Gilbert and Sullivan refers to the Victorian-era theatrical partnership of the dramatist W. S. Gilbert (1836–1911) and the composer Arthur Sullivan (1842–1900) and to the works they jointly created. The two men collaborated on fourteen comic operas between 1871 and 1896, of which H.M.S. Pinafore, The Pirates of Penzance and The Mikado are among the best known.Gilbert, who wrote the libretti for these operas, created fanciful "topsy-turvy" worlds where each absurdity is taken to its logical conclusion—fairies rub elbows with British lords, flirting is a capital offence, gondoliers ascend to the monarchy, and pirates emerge as noblemen who have gone astray. Sullivan, six years Gilbert's junior, composed the music, contributing memorable melodies that could convey both humour and pathos.Their operas have enjoyed broad and enduring international success and are still performed frequently throughout the English-speaking world. Gilbert and Sullivan introduced innovations in content and form that directly influenced the development of musical theatre through the 20th century. The operas have also influenced political discourse, literature, film and television and have been widely parodied and pastiched by humorists. Producer Richard D'Oyly Carte brought Gilbert and Sullivan together and nurtured their collaboration. He built the Savoy Theatre in 1881 to present their joint works (which came to be known as the Savoy Operas) and founded the D'Oyly Carte Opera Company, which performed and promoted Gilbert and Sullivan's works for over a century.

John Vernon Lord

John Vernon Lord is an illustrator, author and teacher. He has illustrated texts including Aesop's Fables,The Nonsense Verse of Edward Lear; the Folio Society's Myths and Legends of the British Isles,, and In addition, he has illustrated classics of English literature including the work of Lewis Carroll and James Joyce.

Lord has written and illustrated several children's books, which have been published and translated into several languages.

His book The Giant Jam Sandwich has been in print since 1972He was head of various departments, including the Head of the School of Design,

at Brighton Art School, Polytechnic and University. He was Professor of Illustration at the University of Brighton 1986-99, where he is now Professor Emeritus. An Honorary D.Litt. was conferred upon him by the University of Brighton in 2000. He was the chair of the Graphic Design Board of the Council for National Academic Awards 1981-84.

Louis F. Polk Jr.

Louis F. "Bo" Polk Jr. (born c. 1930) was an American businessman who was briefly president of MGM.

Louis Wolfson

Louis Elwood Wolfson (January 28, 1912 – December 30, 2007) was a Wall Street financier and one of the first modern corporate raiders, labeled by Time Magazine as such in a 1956 article.

Louis Wolfson became a self-made millionaire before he was 29 years old.

He significantly contributed to the wealth of U.S. and global financial markets by creating the modern hostile tender offer, which laid the technical framework to the LBO.

In later years he was a major thoroughbred horse racing participant best known as the owner and breeder of 1978 American Triple Crown winner, Affirmed.

In 1967, he was convicted of selling unregistered shares and obstruction of justice for which he served nine months in a federal prison. The conviction eventually led to the 1969 resignation of Supreme Court Justice Abe Fortas, who first returned a $20,000 retainer to a Wolfson foundation.

Monroe Karmin

Monroe William ("Bud") Karmin (September 2, 1929 – January 15, 1999) was an American journalist. He won a Pulitzer Prize in 1967 when working as an investigative reporter for the Wall Street Journal. He also worked at different times for The Chicago Daily News, The Chicago Sun-Times, and Newsday.

Philip Yordan

Philip Yordan (April 1, 1914 – March 24, 2003) was an American screenwriter of the 1940s, 1950s and 1960s who also produced several films. He was also known as a highly regarded script doctor. Born to Polish immigrants, he earned a bachelor's degree at the University of Illinois and a law degree at Chicago-Kent College of Law.

Pulitzer Prize for National Reporting

This Pulitzer Prize has been awarded since 1942 for a distinguished example of reporting on national affairs in the United States. In its first six years (1942–1947), it was called the Pulitzer Prize for Telegraphic Reporting – National.

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