Bloomberg News Pays Reporters More If Their Stories Move Markets

[InfoSec News <alerts () infosecnews org>]

https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12

By Julia La Roche
Business Insider
Dec. 11, 2013

Bloomberg News has an unusual practice of paying some of its reporters 
explicitly for publishing "market-moving" stories.

This is one of many metrics that is factored into reporters' annual 
bonuses.

This practice is not widespread in the financial news industry, and 
journalists we spoke to from other outlets were not aware that it is used 
at Bloomberg. We also canvassed traders, bankers and public relations 
professionals. None of them had heard this before, either.

Most of the people we spoke to, especially traders, were startled to hear 
about this practice, worrying that it might create an incentive for 
Bloomberg reporters to "push" or stretch stories with the specific aim of 
moving markets. Traders react instantly to headlines and news stories, and 
the decisions they make often make or lose significant amounts of money.

We asked Bloomberg about the practice. A company spokesperson acknowledged 
it.

[...]



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