Ex-boss of IBM to review Bloomberg

Bloomberg has drafted in the help of a former head of IBM to undertake an internal review following damaging revelations that journalists with its news agency accessed private information about how users of its financial terminals used the commercial service.

The company said it had appointed Samuel Palmisano, the former chief executive and chairman of IBM, to review the company’s “privacy and data standards. Bloomberg also said that Clark Hoyt, the former public editor at The New York Times, would conduct a review into the relationship between the news service and the company’s commercial business.

Bloomberg’s chairman, Peter Grauer, said: “We are committed to getting the best possible advice from experts with impeccable reputations in their respective fields.”