New York, 27 October 2010--Vartan Gregorian, President of Carnegie Corporation of New York, delivered the keynote speech at the 2010 Financial Times and Goldman Sachs Business Book of the Year Awards. This year’s award was given to Raghuram G. Rajan for Fault Lines: How Hidden Fractures Still Threaten the World Economy, published by Princeton University Press, which analysis the flaws in the economy that lead to the current financial crisis, and warns of changes essential for economic recovery.
Dr. Gregorian’s speech was delivered at the Awards dinner in New York where the winner was announced by Lionel Barber, Editor, Financial Times, and Lloyd C. Blankfein, Chairman and Chief Executive Officer, Goldman Sachs.
Rajan saw off strong competition to win the £30,000 prize (approximately US $47,300). The Award, which was established in 2005, aims to find the book that provides ‘the most compelling and enjoyable insight into modern business issues.’ Each of the five runners-up received a cheque for £10,000 (approximately US $15,700), an increase of £5,000 over previous years, and can expect heightened interest in their influential books.
Dr. Gregorian said: "This is an era in which business and economics have taken center stage on both the national and international scene in ways that have substantially impacted the lives of men and women everywhere. But with courage, determination and conviction, the business press, along with journalists, authors and publishers across different media platforms have stepped up to the plate and made it a priority to better analyze and understand world markets and national business trends as well as to identify what’s gone wrong and what can – and must – be put right in terms of getting the nation’s financial house in order once again.”
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