The Stevie Award Competitions were created in 2002 to recognize accomplishments and contributions of companies and business people worldwide. The 2002 awards were called The American Business Awards; the 2003, The International Business Awards, since then the present title has been used.
Michael P. Gallagher, an American businessman, conceived the Stevie Awards as a way to "restore public confidence and investor trust" after the Enron scandal in 2001. Gallagher left his job in 2001 and founded American Business Awards to administer the Stevies.The first Stevies were awarded in 48 categories in April 2003 and judged by a panel including Rich Karlgaard, the editor of Forbes magazine and Richard Klimoski, Dean of the School of Management at George Mason University.
Application fees and judging
Awards are judged each year by figures in business worldwide who participate in an evaluation process of nominees. Their recommendations for winners are announced at an annual ceremony held in New York City.
Stevie is taken from the name Stephen, which is derived from the Greek for "crowned".
R. S. Owens, the same company that makes the Oscar Award, Emmy Award, and Clio Award, designed the Stevie trophy as a 16-inch tall, hand-cast 24-karat gold statuette, holding a crystal pyramid representing Maslow's hierarchy of needs.
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