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Bloomberg Appoints Privacy Czar

PRIVACY—U.S.

May 20, 2013

In light of revelations that some of Bloomberg’s journalists were using private client data for reporting, the company has announced it has hired former IBM CEO Samuel Palmisano “to serve as an independent advisor regarding the company’s privacy and data standards,” Forbes reports. According to Bloomberg’s press release, Palmisano “will immediately undertake a review of the company’s current practices and policies for client data and end-user information, including a review of access issues recently raised by the company’s clients.” Palmisano will report directly to the Board of Directors and will be assisted by representatives from Hogan Lovells and Promontory Financial Group.
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