Norman Pearlstine, Editor-In-Chief of Time, Inc., Joins Carnegie Corporation's Board of Trustees
Vartan Gregorian, president of Carnegie Corporation of New York, announced the election of Norman Pearlstine, Editor-In-Chief of Time, Inc., to the Corporation's board of trustees today. Pearlstine's service will begin in September 2005.
"Norman Pearlstine's remarkable intellect and his success have made him a leading voice in our nation," said Gregorian. "His broad vision, together with his vast knowledge of national and international affairs, will be of tremendous benefit to Carnegie Corporation's important work."
"I've long admired Carnegie Corporation's rich tradition of public service that over the years has brought about major advancements in education and other critical areas," commented Pearlstine. "And I'm particularly pleased with the Corporation's new journalism initiative that seeks to raise the bar on journalistic standards. This is a brave but necessary step to ensure that Americans will be well informed and that our democracy will remain strong.
Pearlstine oversees the editorial content of Time Inc.'s magazines, which include Fortune, Money, People, Sports Illustrated, Time and others. Previously he spent over 20 years at The Wall Street Journal (WSJ), where he held numerous posts, including managing editor of The Asian Wall Street Journal, editor and publisher of The Wall Street Journal/Europe and finally, executive editor of WSJ in New York. After resigning from the Journal, Pearlstine launched the magazine Smart Money for Dow Jones & Company and Hearst. He later became general partner of Friday Holdings, L.P., a multimedia investment company, before moving to his current position at Time, Inc.
He has received many awards during his career, including the National Press Foundation's Editor of the Year Award and the Loeb Lifetime Achievement Award for Distinguished Business and Financial Journalism. This year, the American Society of Magazine Editors named him the recipient of its Lifetime Achievement Award and inducted him into the Magazine Editors' Hall of Fame.
Pearlstine is the president of the Atsuko Chiba Foundation, which provides scholarships to Asian journalists for study in America. Other board affiliations include the Annenberg School of Communications at the University of Southern California, the Committee to Protect Journalists, the Arthur F. Burns Fellowship Program and the Tribeca Film Institute. He is the president of the advisory board of the Nieman Foundation for Journalism at Harvard University and also serves on the advisory board of the City University of New York's Graduate School of Journalism. He is a member of the Council on Foreign Relations. Pearlstine received a B.A. from Haverford College and a LL.B. from the University of Pennsylvania.
Carnegie Corporation of New York was created by Andrew Carnegie in 1911 to promote “the advancement and diffusion of knowledge and understanding.”As a grantmaking foundation, the Corporation seeks to carry out Carnegie’s vision of philanthropy, which he said should aim “to do real and permanent good in this world.” The Corporation’s capital fund, originally donated at a value of about $135 million, had a market value of $1.9 billon on September 30, 2004. The Corporation awards grants totaling approximately $80 million a year in the areas of education, international peace and security, international development and strengthening U.S. democracy.