Winner of the Financial Times and McKinsey & Company Business Book of the Year Award 2018 revealed

  • Bad Blood by John Carreyrou wins the Financial Times and McKinsey & Company Business Book of the Year Award 2018
  • Andrew Leon Hanna wins the Bracken Bower Prize 2018

The Financial Times and McKinsey & Company today announce that John Carreyrou is the winner of the 2018 Business Book of the Year Award for Bad Blood: Secrets and Lies in a Silicon Valley Startup, published by Picador (UK) and Knopf (US), the tale of the rise and fall of Theranos, the blood-testing firm.

The award recognises the book that provides the most compelling and enjoyable insight into modern business issues. It was presented this evening to John Carreyrou at a ceremony at the National Gallery in London, by Lionel Barber, Editor of the Financial Times and chair of the panel of judges, and Kevin Sneader, Global Managing Partner of McKinsey & Company. Keynote speaker at the ceremony was Charlotte Hogg, CEO Europe, Visa.

John Carreyrou saw off strong competition from a shortlist of titles with a focus on the future of capitalism, from the implementation of a universal basic income to the rise of India, to win the £30,000 prize. Each of the five runners-up received a cheque for £10,000.

Lionel Barber said, “Bad Blood is a brilliant piece of enterprise journalism. Carreyrou cracked the story of Theranos despite threats. He just gives us the facts and they are devastating. It’s well written and reads at times like a thriller.”

“Bad Blood is a distinctive piece of work,” said Kevin Sneader. “There are lessons here about the importance of governance, and the proper trade-offs between fostering innovation and conducting due diligence. Above all, it combines deep reporting with the narrative pulse of a well-told detective story.”

The distinguished judging panel for the 2018 Financial Times and McKinsey Business Book of the Year Award, chaired by Lionel Barber, comprised:

  • Mitchell Baker, Executive Chairwoman, Mozilla
  • Mohamed El-Erian, Chief Economic Advisor, Allianz (BBYA Winner, 2008, When Markets Collide)
  • Herminia Ibarra, The Charles Handy Professor of Organisational Behaviour, London Business School
  • Rik Kirkland, Partner and Director of Publishing, McKinsey & Company
  • Randall Kroszner, Norman R. Bobins Professor of Economics, University of Chicago Booth School of Business
  • Dambisa Moyo, Global Economist and Author, Non-Executive Director, Barrick Gold, Barclays and Chevron
  • Shriti Vadera, Chairman, Santander UK; Senior Independent Director, BHP Billiton and Non-Executive Director, AstraZeneca

The Financial Times and McKinsey & Company also announced Andrew Leon Hanna as the winner of the 2018 Bracken Bower Prize. The prize is designed to encourage young authors to tackle emerging business themes, with a focus on the challenges and opportunities presented by growth.

Mr Hanna was awarded £15,000 for his book proposal, 25 Million Sparks, which examines the rise of refugee entrepreneurs in a global crisis. It beat entries from 22 countries on topics ranging from technology, to gender, to the ethics of business.

The judges commented, “There were a diverse, inventive range of proposals entered, with many writers seeking out fresh angles on business. The winner typifies this by uncovering the powerful entrepreneurial spirit unleashed by the toughest of global forces – the refugee diaspora. We can’t wait to read more about the stories he discovers and what they can teach us all.”

The distinguished judging panel for the Bracken Bower Prize comprised:

  • Isabel Fernandez-Mateo, Adecco Associate Professor of Strategy and Entrepreneurship, London Business School
  • Jorma Ollila, former chairman, Royal Dutch Shell and Nokia
  • Joel Rickett, Deputy Publisher, Ebury (Penguin Random House)
  • Nora Rosendahl, Chief Operating Officer, CFO & Co-Founder, Fifth Corner Inc. (BBP Winner, 2016, Mental Meltdown)

Photographs of the presentation of the Business Book of the Year Award, the winner of the Bracken Bower Prize, shortlisted authors, the judges, and speaker Charlotte Hogg, CEO Europe, Visa, are available for download from[email protected]/albums/72157700145902622.

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