The Haney Group
Bloomberg LP failed to immediately block its news reporters from access to information about clients who use the company's well-known financial data terminals when the issue arose as the result of a 2011 Bloomberg TV broadcast, an independent review has concluded.
Instead, Bloomberg reporters continued to have access to the client data until April 2013, when an embarrassing similar incident prompted a financial client's complaint and sparked an overhaul of the company's policies and practices regarding the access.
"The issue attracted the attention of certain senior management, including Bloomberg's CEO, and several of these managers recall the CEO's directing that journalists' access ... should be turned off," the review concluded. "Despite this, no such action was taken due to misunderstandings about who was responsible for doing so."