Journalists at Bloomberg took advantage of the company’s network of market information terminals to spy on a number of users including Federal Reserve Chairman Ben Bernanke, CNBC reports. Access to terminal data revealed to the employees which functions had been accessed and how frequently by clients including Goldman Sachs. One ex-Bloomberg employee admitted to viewing usage info for Bernanke and former U.S. Treasury Secretary Tim Geithner; one source inside JP Morgan Chase insists accessing the terminal data led to Bloomberg’s London Whale reportage last year. As many as 315,000 use the Bloomberg terminals.
NEW YORK, NEW YORK – February 2, 2012 – News Corporation today named Lex Fenwick Chief Executive Officer of Dow Jones & Company. Mr. Fenwick joins Dow Jones from Bloomberg LP, where he spent 25 years, most recently as CEO of Bloomberg Ventures. He will be based in New York and report to Chase Carey, President and COO of News Corporation. His appointment is effective February 13, 2012. He succeeds Les Hinton, who left the Company in July.
“Lex has been a driving force in the financial news and information industry for more than two decades,” commented Mr. Carey. “His aggressive and bold leadership will be invaluable to Dow Jones at a time when digital technologies are making information ever more important. We have a great opportunity to build enormous value around Dow Jones’ unique expertise and franchises.