The President of the United States of America takes pleasure in presenting a Gold Star in lieu of a Second Award of the Navy Cross to Lieutenant Commander Joseph Taylor (NSN: 0-61280), United States Navy, for extraordinary heroism in operations against the enemy while serving as Pilot of a carrier-based Navy Torpedo Plane and Commanding Officer of Torpedo Squadron FIVE (VT-5), attached to the U.S.S. YORKTOWN (CV-5), in action against enemy Japanese forces at Tulagi Harbor and in the Coral Sea during the period 4 to 8 May 1942. Due to Lieutenant Commander Taylor’s distinguished and capable leadership, the high combat efficiency attained by the units under his command enabled them to deliver four aggressive and exceptionally successful attacks, the first at Tulagi Harbor on 4 May, in which at least eight enemy Japanese vessels were destroyed or severely damaged, and later, on 7 May, when an enemy carrier was sunk, both engagements maintained in the face of heavy anti-aircraft fire. Opposed also by fierce fighter attacks on 8 May, and firing from extremely short range, Lieutenant Commander Taylor’s squadron succeeded in sinking or severely damaging another enemy Japanese carrier. These actions, carried out in the face of constant and grave danger, contributed materially to the success of our forces in the Battle of the Coral Sea.