Bloomberg News Killed Investigation, Fired Reporter, Then Sought To Silence His Wife | WHAT REALLY HAPPENED

Bloomberg News Killed Investigation, Fired Reporter, Then Sought To Silence His Wife

Michael Bloomberg's short-lived presidential bid reignited a long-simmering dispute over the widespread use of nondisclosure agreements at American corporations — especially at his own.

His namesake company, Bloomberg LP, has used nondisclosure agreements broadly to conceal allegations and silence complaints from employees of sexual harassment or a hostile work environment, as published reports have documented.

Winkler suggested reporters could find a uniquely "Bloomberg" way to cover the wealth of Chinese ruling elites. But he added a caution about covering the regime.

"It has to be done with a strategic framework and a tactical method that is ... smart enough to allow us to continue and not run afoul of the Nazis who are in front of us and behind us everywhere," Winkler said, according to the audio reviewed by NPR and verified by others. "And that's who they are. And we should have no illusions about it."

At the time, two Bloomberg editors told NPR the story didn't run because it needed additional reporting. Winkler publicly said much the same. But these audio recordings reveal otherwise. They also show how much newsroom leaders were worried about losing lucrative business in China.

After the first investigative project ran in 2012, the Chinese authorities had searched Bloomberg's news bureaus, delayed visas for reporters and ordered state-owned companies not to sign new leases for Bloomberg's primary product: its terminals.

The terminals are the lucrative basis of Mike Bloomberg's personal fortune — recently estimated at more than $50 billion, making him one of the richest people in the world. Subscribers pay $20,000 annually for each terminal, which provides specialized financial data and analysis.

Webmaster's Commentary: 

This... is "Follow the Money", writ large.

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