Inside the Wall Street Journal: The History and the Power of Dow Jones & Company and America's Most Influential Newspaper

By Jerry M. Rosenberg | Go to book overview

CHAPTER 19
Phillips at the Helm

Bullish Wall Street Journal Is Largest Daily in U.S. Headline, New York Times, January 3, 1980

WARREN PHILLIPS, chairman and chief executive officer of Dow Jones, is the son of a New York garment worker. He was born on June 28, 1926, and graduated from high school a few weeks before his fifteenth birthday. Phillips served in the Army during World War II and then earned a degree in economics at New York's Queens College.

Rejected by Columbia University's Graduate School of Journalism, Phillips joined The Wall Street Journal as a proofreader. He was soon promoted to copyreader and later switched desks to write the "What's News" column. In 1949, after failing to land an overseas assignment, Phillips quit the Journal for a job with the Armed Forces paper, Stars and Stripes, in Germany. He continued to contribute to the Journal on a free-lance basis, and after a few months managed to get himself rehired as its German correspondent.

In 1950, Phillips was named chief of the London bureau, covering such stories as Europe's recovery under the Marshall Plan and Winston Churchill's return to power. He returned to New York a year later and was successively foreign editor, news editor, managing ed

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