http://www.cnn.com/2005/US/12/18/time.poy/index.html
The "Person of the Year" was never intended to be an award, merely an acknowledgement of who made the biggest single contribution (good or bad) to the world (or sometimes just the news) over the last 12 months, hence the reason Hitler and Stalin have been given the recognition in years past. In recent years though, its become a joke as the "honor" has been given out like some sort of lifetime achievement trophy.
Here's a list of people who've "won" it:
2000s
2004: George W. Bush
For reshaping the rules of politics to fit his ten-gallon style
2003: The American Soldier
The face of America, its might and good will, in a region unused to democracy
2002: The Whistleblowers
Women who blew the whistle on Worldcom, Enron and the FBI
2001: Rudolph Giuliani
New York mayor leads with his heart after 9/11 attacks
2000: George W. Bush
41's son elected President in the most controversial fashion
1990s
1999: Jeff Bezos
Amazon.com founder changed face of business
1998: Bill Clinton/Kenneth Starr
President, independent counselor waged public battle
1997: Andy Grove
Intel CEO helps led digital revolution
1996: David Ho
AIDS researcher pioneered treatment for deadly disease
1995: Newt Gingrich
Speaker of the House spearheaded G.O.P.'s sweeping congressional victory
1994: John Paul II
Pope traveled the globe to express his conservative views
1993: The Peacemakers
Mandela, De Klerk, Rabin and Arafat found ways to break out from prisons of war
1992: Bill Clinton
Wonder boy from Hope, Ark., broke 12 years of G.O.P. control of White House
1991: Ted Turner
His Cable News Network revolutionized news coverage
1990: George Bush
President acted decisively abroad; waffles at home
1980s
1989: Mikhail Gorbachev
"Man of the Decade" became patron of change
1988: The Endangered Earth
Jumpstarted a new era of environmental activism
1987: Mikhail Gorbachev
Shattered Soviet lethargy
1986: Corazon Aquino
Led peaceful revolution that ended Marcos years in Philippines
1985: Deng Xiaoping
Reshaped China by embracing free-market reforms
1984: Peter Ueberroth
Married Big Business to the Olympics with profitable L.A. Games
1983: Ronald Reagan/Yuri Andropov
Deadlock failed to de-escalate cold war missile race
1982: The Computer
TIME anticipated a revolution
1981: Lech Walesa
Solidarity leader struck first blows against Kremlin's empire
1980: Ronald Reagan
Americas leaned right, and The Great Communicator was born
1970s
1979: Ayatullah Khomeini
Rarely has so improbable a leader shaken the world
1978: Teng Hsiao-p'ing
Brought stability to China, long racked by extremism
1977: Anwar Sadat
Dared greatly with surprise peace gambit and trip to Israel
1976: Jimmy Carter
Played outsider status into successful run for White House
1975: U.S. Women
Refusing to play second-fiddle, women asserted their equality
1974: King Faisal
Saudi led OPEC price hikes that roiled world markets
1973: Judge Sirica
Broke Watergate open by pursuing truth in the White House
1972: Nixon/Kissinger
Master diplomats talked detente with U.S.S.R., visited Mao
1971: Richard Nixon
Opened China's door, devalued dollar, quelled antiwar protest
1970: Willy Brandt
West German tried to bring about enlarged, united Western Europe
1960s
1969: Middle Class
Their silent but newly felt presence began to shape course of nation
1968: U.S. Astronauts
Led the way as race to moon enters final lap
1967: Lyndon Johnson
Vietnam turned him from architect of social reform into embattled leader
1966: Young People
They shook up society, trusted no one over 30
1965: Gen. William Westmoreland
Oversaw struggling U.S. grunts in Vietnam
1964: Lyndon Johnson
President began to forge his Great Society
1963: Martin Luther King, Jr.
Led civil rights cause by arming troops with dreams and oratory
1962: Pope John XXIII
Opened the windows of his age-old Church, sparks revolution
1961: John F. Kennedy
Won battle for White House against Richard Nixon in squeaker
1960: U.S. Scientists
Scored inpressive gains while struggling to keep pace with Soviets
1950s
1959: Dwight D. Eisenhower
Rallied NATO allies by facing up to high-flying Khrushchev
1958: Charles De Gaulle
Crisis in Algeria brought WWII hero back to power in France
1957: Nikita Khrushchev
Scored an immense propaganda victory over U.S. with launch of Sputnik
1956: Hungarian Patriot
Launched first revolt behind Soviet's "Iron Curtain"
1955: Harlow H. Curtice
Helped steer U.S. into new age of wide-open affluence
1954: John Foster Dulles
Secretary of State brought "brinksmanship" to cold war lexicon
1953: Konrad Adenauer
Forced war-shattered West Germany to face the future
1952: Queen Elizabeth II
Her coronation ushered in a new era for Britain
1951: Mohammed Mossadegh
Rallied short-lived anti-Western government in Iran
1950: G.I. Joe
Marched into history as cold war heats up in Korea
1940s
1949: Winston Churchill
Named Man of the Half-Century
1948: Harry S. Truman
"Gave 'em hell" with stunning victory over Tom Dewey
1947: George Marshall
Secretary of State oversaw visionary Marshall Plan
1946: James F. Byrnes
First Secretary of State to face the cold war
1945: Harry Truman
Answered critics and proved his mettle
1944: Dwight D. Eisenhower
Rolled back Germans after leading Allies into France
1943: Gen. George Marshall
Oversaw vast war effort on two fronts
1942: Joseph Stalin
The U.S.'s new ally in war against Hitler
1941: Franklin D. Roosevelt
Faced two potent foes after preparing reluctant U.S. for battle
1940: Winston Churchill
Britain stood firm against Hitler, who conquered five nations
1930s
1939: Joseph Stalin
Paved the way for Hitler's war by signing secret pact with old enemy
1938: Adolf Hitler
His figure strode over Europe with all the swagger of a conqueror
1937: Gen. and Mme. Chang Kai-Shek
Japan's invasion of China imperiled them as "Man and Woman of the Year"
1936: Wallis Simpson
Shook the British crown with her new husband, once King Edward VIII
1935: Haile Selassie
Ethiopia's king fought an incursion by Italy's strongman, Mussolini
1934: Franklin D. Roosevelt
The President battles the Depression
1933: Hugh Johnson
National Recovery Administrator works tirelessly to revive America's economy
1932: Franklin D. Roosevelt
Takes over as President for nation facing economic calamity
1931: Pierre Laval
His energy and vision restored France to the center of world events
1930: Mohandas Gandhi
The pacifist mobilizes India to pursue its independence
1920s
1929: Owen Young
U.S. businessman chaired second post-war Reparations Conference
1928: Walter Chrysler
Rocked Detroit by buying Dodge and unveiling a new line, Plymouth
1927: Charles Lindbergh
His solo New York-Paris flight made him a legend
http://www.time.com/time/personoftheyear/archive/stories/