Bloomberg appoints ex-IBM CEO as privacy adviser

May 17, 2013

(AP)—Bloomberg LP, the financial news and information service, on Friday said it has appointed Samuel Palmisano, the former CEO of IBM, as an independent adviser on its privacy and data standards.

The move comes a week after revelations that Bloomberg journalists had access to some information on customers' use of Bloomberg's data terminals, including when they last logged in.

The company apologized for the breach of privacy. The Federal Reserve and the European Central Bank have said they are looking into Bloomberg's use of data.

Palmisano will review Bloomberg's practices and policies for client data and advise on changes, the company said.

Bloomberg also said Clark Hoyt, an editor at Bloomberg and the former editor-at-large at The New York Times, will review the relationship between Bloomberg's news service and its commercial operations.

Bloomberg News reporters had been able to see when any of the company's 315,000 paying subscribers, mostly stock and bond traders, had last logged into the news and information service. They could also view the types of "functions" individual subscribers had accessed.

Palmisano, 61, retired from the CEO post in January 2012. He remained chairman until October.

Explore further: Microsoft to launch first flagship store outside US in Sydney

Related Stories

Report: Bloomberg private messages leaked online

May 13, 2013

(AP)—A published report says financial data and news service Bloomberg accidently leaked online more than 10,000 private messages containing sensitive pricing data exchanged by users of Bloomberg's financial information ...

China blocks Xi searches after Bloomberg report

Jul 01, 2012

China blocked web searches on Saturday for the name of leader-in-waiting Xi Jinping, a day after cutting access to Bloomberg sites following the agency's publication of a report on his family's wealth.

Recommended for you

IBM earnings dip as sales fall again

15 hours ago

Technology heavyweight IBM reported Monday lower profits in the first quarter following another drop in revenues, this time partly due to the strong dollar.

Global, Chinese automakers debut new car models

Apr 20, 2015

Ford showed off its new Taurus and Nissan unveiled a midsize sedan designed for China on Monday at a Shanghai Auto Show that highlighted the commercial resurgence of lower-priced Chinese auto brands.

Germany still has some way to go to 'smart factories'

Apr 19, 2015

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.