By Porter Anderson, Editor-in-Chief | @Porter_Anderson
‘Shaping the Lives of a New Generation’In its digital program of discussion and presentation today (December 1), the Financial Times and McKinsey & Company have named Bloomberg News journalist Sarah Frier the winner of the 2020 Business Book of the Year Award for No Filter: The Inside Story of How Instagram Transformed Business, Celebrity, and Our Culture.
Roula Kahlef, the Financial Times editor who chaired this year’s jury, said about the book, “No Filter is a topical and well-reported account of the rise of Instagram and its takeover by Facebook.
“But it also tackles two vital issues of our age: how Big Tech treats smaller rivals and how social media companies are shaping the lives of a new generation.”
And Kevin Sneader, McKinsey’s global managing partner, said, “Sarah Frier has written a compelling saga about how this startup phenomenon deeply embedded itself into the global cultural zeitgeist of this digital era, in just one decade after its creation.”
Carrying a cash award of £30,000 (US$40,250) for its winner, each of the runners-up receives £10,000 (US$13,416), making the total purse of the program for authors worth £80,000 (US$107,334).
The program’s jurors this year, chaired by the FT’s Kahlef:
- Mitchell Baker, CEO of Mozilla Corporation and chair of the Mozilla Foundation
- Mohamed El-Erian, president-elect of Queen’s College, Cambridge, and winner of the 2008 Business Book of the Year Award for his When Markets Collide: Investment Strategies for the Age of Global Economic Change from McGraw-Hill)
- Herminia Ibarra, the Charles Handy professor of organizational behavior with London Business School
- Randall Kroszner, the Norman R. Bobins professor of economics and deputy dean for executive programs at the University of Chicago Booth School of Business
- Dambisa Moyo, a non-executive director with 3M and Chevron
- Raju Narisetti, global publishing director with McKinsey & Company
- Shriti Vadera, chair of Santander UK and chair-elect of Prudential
The Bracken Bower Prize Winner: Stephen Boyle
In addition to its main award, the program also includes the Bracken Bower Prize for a young author who has made an impressive proposal for a business book, as yet unpublished.
Stephen Boyle was awarded £15,000 (US$20,127) for his book proposal, New Money, about how central bank digital currencies could transform the economy, not necessarily for the best.
The jurors for the Bracken Bower:
- Lorella Belli, founder and director, Belli Literary Agency
- Isabel Fernandez-Mateo, Adecco professor of strategy and entrepreneurship, London Business School
- Jorma Ollila, former chairman, Royal Dutch Shell and Nokia
- Saadia Zahidi, managing director and head of the Centre for the New Economy and Society at the World Economic Forum, a former Bracken Bower winner
Business Book of the Year Award 2020 Shortlist
In addition to Frier’s winning book, five prominent titles were on this year’s shortlist.
|Deaths of Despair and the Future of Capitalism||Anne Case, Angus Deaton||Princeton University Press, UK and USA|
|No Rules Rules: Netflix and the Culture of Reinvention||Reed Hastings, Erin Meyer||Penguin Random House / WH Allen, UK; Penguin Press, USA|
|Reimagining Capitalism: How Business Can Save the World||Rebecca Henderson||Penguin Business, UK; Public Affairs, USA|
|If Then: How the Simulmatics Corporation Invented the Future||Jill Lepore||Hachette / John Murray Press, UK; WW Norton, USA|
|A World Without Work: Technology, Automation and How We Should Respond||Daniel Susskind||Penguin Random House / Allen Lane, UK; Macmillan / Metropolitan Books, USA|
Previous winners of the Business Book of the Year:
- Caroline Criado Perez for Invisible Women: Exposing Data Bias in a World Designed for Men (2019)
- John Carreyrou for Bad Blood: Secrets and Lies in a Silicon Valley Startup (2018)
- Amy Goldstein for Janesville: An American Story (2017)
- Sebastian Mallaby for The Man Who Knew: The Life and Times of Alan Greenspan (2016)
- Martin Ford for Rise of the Robots (2015)
- Thomas Piketty for Capital in the Twenty-First Century (2014)
- Brad Stone for The Everything Store: Jeff Bezos and The Age of Amazon (2013)
- Steve Coll for Private Empire: ExxonMobil and American Power (2012)
- Abhijit V. Banerjee and Esther Duflo for Poor Economics (2011)
- Raghuram Rajan for Fault Lines (2010)
- Liaquat Ahamed for The Lords of Finance (2009)
- Mohamed El-Erian for When Markets Collide (2008)
- William D. Cohan for The Last Tycoons (2007)
- James Kynge for China Shakes the World (2006)
- Thomas Friedman, for The World is Flat (2005)
Below is today’s presentation program.
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