Bloomberg has hired former International Business Machines Corp. (NYSE:IBM) CEO Samuel Palmisano in an independent advisory position to deal with the company’s burgeoning privacy problems. Last week it became clear that investment banks were worried about using Bloomberg Terminals as they believe that the company’s journalists used terminal data to inform their reporting on the London Whale scandal.
In a piece that appeared on Reuters earlier today, Jennifer Saba reported the new hire at the news agency/financial data provider. The move is one of several in recent days that seeks to reassure banks that though some data was leaked during the London Whale scandal, there will not...
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