Bloomberg Fires Editior Posting Wrong Headline on Fabrice Tourre

Bloomberg LP fired an editor after he published an incorrect headline; “BREAKING: Fabrice Tourre Wins SEC case claiming fraud in $1 billion CDO deal.” on the company’s terminals worldwide.

bloomberg (2)John Pickering was senior editor at  Bloomberg. He input a headline on Bloomberg’s terminal that read: “BREAKING: Fabrice Tourre Wins SEC case claiming fraud in $1 billion CDO deal.”
Bloomberg LP fired an editor today after he published an incorrect headline on the company’s terminals worldwide saying a jury had found ex-Goldman Sachs banker Fabrice Tourre not liable for misleading investors.

In fact, the Manhattan federal court jury found Fabrice Tourre liable for six of the seven claims brought by the Securities and Exchange Commission.

goldman-sachs-fabrice-tourre

GS Banker Fabrice Tourre Found Guilty in $1 Billion Fraud Case

Goldman Sachs Trader Fabrice Tourre Found Guilty in  $1 Billion Fraud Case. The jury found Goldman Sachs banker Fabrice Tourre liable for his role in a mortgage deal that lost some investors $1 billion during the subprime crisis. Fabrice Tourre, 34, was just one of a team of Goldman employees that worked on a complex  …more
John Pickering was senior editor at  Bloomberg. He input a headline on Bloomberg’s terminal that read: “BREAKING: Fabrice Tourre Wins SEC case claiming fraud in $1 billion CDO deal.”

A person identifying himself as Jack Pickering and claiming to be the ex-editor’s son, posted a comment on the Huffington Post wrong headline story today at 1:05 p.m., claiming his dad is a “political victim” who was fired because Mayor Mike Bloomberg had been momentarily embarrassed by the news.
“My father was the man who wrongly tweeted [sic] the verdict,” the comment said.

“He woke up a senior editor and now he’s unemployed. And for what? He issued a correction directly afterwards, and as was mentioned above his tweet didn’t affect the market,” the comment read.

The son accused Mayor Bloomberg, who founded the media outlet more than 30 years ago, of having a hand in Pickering’s firing.
“So why was he fired?” he wrote. “Because Mike Bloomberg was momentarily humiliated in front of his big, deeply immoral banker buddies and was looking for a scapegoat.”

Bloomberg LP denies the mayor had anything to do with Pickering getting fired.

Read More: NYPost

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