Calamitous Fabulous Fab headline leaves Bloomberg editor jobless

Pen And Paper

Hold the press.

The New York Post reports that Bloomberg fired an editor last week, 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 Tourre liable for six of the seven claims brought by the Securities and Exchange Commission.

John Pickering - a roughly 20-year veteran at Bloomberg - input a headline on Bloomberg’s terminal that read: 'BREAKING: Fabrice Tourre Wins SEC case claiming fraud in $1 billion CDO deal.'

The headline was corrected moments later - but the axe was dropped on Pickering less than 24 hours after the flub, sources said.

To access the full New York Post article hit the link below.

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image: © Kristian D

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